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.

Free Trading Guides
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
More View more
Real Time News
  • 🇺🇸 USD MBA Mortgage Applications (NOV 15), Actual: -2.2% Expected: N/A Previous: 9.6% https://www.dailyfx.com/economic-calendar#2019-11-20
  • $NOK Weekly FX Flows - $NOK buying persists among foreign banks https://t.co/X3t679mdQx
  • EU's Dombrovskis says there is no need for Italy and France to take immediate action on budgets to comply with EU fiscal rules $EUR
  • RT @Schuldensuehner: Fed’s fix for Repo turmoil may be helping the rally in stocks as Fed injects liquidity like crazy. https://t.co/Q8rML8…
  • RT @economics: “While the low interest-rate environment supports the overall economy, we also note an increase in risk-taking which could,…
  • Rally stopped nearby its target.. Read more in yesterday's article (four hour Chart) https://t.co/4JNCMBy0mm
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.94%, while traders in US 500 are at opposite extremes with 79.62%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/QHkvLf3oJW
  • Heads Up:🇺🇸 USD MBA Mortgage Applications (NOV 15) due at 12:00 GMT (15min), Actual: N/A Expected: N/A Previous: 9.6% https://www.dailyfx.com/economic-calendar#2019-11-20
  • Commodities Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Gold: 0.30% Oil - US Crude: 0.29% Silver: 0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/y1BGP7lpSl
  • Black Friday is still a subject for #stock market scrutiny. Which retailers look set to benefit? What can we learn from the price action of past years? Find out: https://t.co/BBKZzw4tGa https://t.co/L4dt016OrZ
US Dollar - Swiss FrancTechnical and Fundamental Forex Forecast for May

US Dollar - Swiss FrancTechnical and Fundamental Forex Forecast for May

2011-05-12 00:21:00
Joel Kruger, David Rodriguez,

US Dollar/Swiss Franc Monthly Technical Forecast

5/11/2011 Monthly Chart

us_dollar_swiss_franc_monthly_currency_forecast_body_chf.png, US Dollar - Swiss FrancTechnical and Fundamental Forex Forecast for May

Prepared by Joel Kruger

This market remains confined to a very intense downtrend, with the price most recently breaking to a fresh record low by 0.8550 ahead of the latest minor bounce. However, a bullish weekly formation in early May could suggest that at a minimum, there is some form of a medium-term base in place by 0.8550 ahead of some corrective gains back towards the 0.9000-0.9500 area. Back below 0.8550 negates recovery outlook.

Swiss Franc / US Dollar Interest Rate Forecast

Currency, Central Bank

US Dollar, US Federal Reserve

Swiss Franc, Swiss National Bank

Net USDCHF Spread


1-Year Expectations(Basis Points)





Yield in 1 Year(Percent)





us_dollar_swiss_franc_monthly_currency_forecast_body_Picture_4.png, US Dollar - Swiss FrancTechnical and Fundamental Forex Forecast for May

A noteworthy deterioration in Swiss National Bank interest rate expectations has put pressure on the domestic currency, pushing the USDCHF higher through recent trade. Below-forecast Consumer Price Index inflation numbers greatly reduced pressure on the SNB to raise interest rates. Whereas Overnight Index Swaps once priced in as much as 80 basis points of SNB rate hikes through 12 months, said expectations now stand at a paltry 39bps. US Federal Reserve rate forecasts have fallen through the same stretch but to a lesser extent.

The net result is that markets predict the US Dollar and Swiss Franc will carry the same short-term yields in a year’s time. It will take a significant shift in either SNB or Fed rate forecasts to force significant yield-driven moves in the USDCHF.

Written by David Rodriguez, Quantitative Strategist and Joel Kruger, Technical Strategist for http://www.DailyFX.com

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


News & Analysis at your fingertips.