News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Real Time News
  • Implementing a trading checklist is a vital part of the trading process because it helps traders to stay disciplined, stick to the trading plan, and builds confidence. Learn how to stick to the plan, stay disciplined, and use a checklist here:
  • We are heading into a Tuesday lull which precedes Wednesday's FOMC focus. Will the absence of distractions allow for risk trends to gain momentum or perhaps will Fed anticipation temper the $SPX tumble? My take:
  • CTV projects Trudeau wins his third term as Canada's Prime Minister - BBG
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here:
  • US House Speaker Pelosi says top-line spending number may change but hopes for $3.5 trillion in spending bill - BBG
  • RBA Minutes: - Board committed to providing high level of monetary support - Q3 GDP expected to decline materially - Central scenario is rates on hold until 2024 - BBG $AUDUSD
  • Heads Up:🇦🇺 RBA Meeting Minutes due at 01:30 GMT (15min)
  • New Zealand reports 14 new local Covid cases - BBG
  • I had a chance to talk with @tastytradeRyan and @victorJ0NES about Evergrande and its impact on US markets — always great talking with these two guys on Mondays.
  • RT @cheddar: Stocks dropped the most since May on Monday, sending shockwaves through Wall Street. @CVecchioFX explains the global impact of…
US Dollar a Focal Point with USD/CHF Approaching Resistance Levels

US Dollar a Focal Point with USD/CHF Approaching Resistance Levels

Daniel McCarthy,


  • US Dollar maintains a strengthening bias after US CPI release
  • Asia Pacific markets unmoved by a buoyant lead from Wall Street
  • USD/CHF and EUR/CHF looking to test resistance levels?

The US Dollar remains a focus for markets as a healthy appetite for risk from Wall street failed to materialise into higher levels for risk assets in the Asian session, with most equity indices settling back to levels that they were before the release of US CPI in the session just prior. Currency, commodity and bond markets were also left to ponder the bigger picture, as they too retreated to levels seen just before US CPI release.

With little in the way of data released today, the focus for markets remained on the central banks around the world and their ability to withdraw stimulus without disrupting market confidence. The Fed in particular, will remain in the spotlight with several board members this week expressing more hawkish attitudes than indicated in the most recent FOMC statement of late July.

USD strength across the board continues to be a theme that traders are getting more comfortable with. Any further commentary from Fed board members will be closely monitored and market reactions will be the key to future direction for many markets. While other central banks have leaned into a more hawkish stance, the Fed appears to be waiting for market approval before pulling the trigger. We are unlikely to get any official change in the Fed stance until later this month at the Jackson Hole Symposium.

After the release of UK GDP figures, the European session is likely to look to the US open with only second and third tier data releases to look for any clues for market direction.

Swiss Franc Depreciation Testing Technical Levels

The continuation of CHF depreciation earlier in the week has been consolidated in the Asian session as it approaches important levels in both USD/CHF and EUR/CHF. The topside level to watch in USD/CHF is 0.9275 while near term resistance in EUR/CHF is at 1.0870. A breach higher in these markets would suggest further CHF depreciation is possible.

USD/CHF - Daily Chart

US Dollar a Focal Point with USD/CHF Approaching Resistance Levels

Chart Created in TradingView

--- Written by Daniel McCarthy, Strategist for

To contact Daniel, use the comments section below.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.