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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bullish
Low
High
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
Mixed
Low
High
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
Wall Street
Mixed
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
Low
High
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
More View more
Real Time News
  • Heads Up:🇩🇪 ZEW Current Conditions (APR) due at 09:00 GMT (15min) Expected: -53 Previous: -67.2 https://www.dailyfx.com/economic-calendar#2021-04-13
  • Heads Up:🇩🇪 ZEW Economic Sentiment Index (APR) due at 09:00 GMT (15min) Expected: 79 Previous: 76.6 https://www.dailyfx.com/economic-calendar#2021-04-13
  • Heads Up:💶 ZEW Economic Sentiment Index (APR) due at 09:00 GMT (15min) Previous: 74 https://www.dailyfx.com/economic-calendar#2021-04-13
  • G-7 and EU have reportedly called on Russia to halt provocations and ease tensions
  • Please join @MartinSEssex at 5:30 EST/9:30 GMT for a webinar on trading sentiment. Register here: https://t.co/diCwqqa7eS https://t.co/Frrg5wueub
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here: https://t.co/Yl9vM7kO6a https://t.co/TmNxDRxkk0
  • 🇮🇹 Industrial Production MoM (FEB) Actual: 0.2% Expected: 0.7% Previous: 1.1% https://www.dailyfx.com/economic-calendar#2021-04-13
  • 🇮🇹 Industrial Production YoY (FEB) Actual: -0.6% Expected: -2.3% Previous: -2.1% https://www.dailyfx.com/economic-calendar#2021-04-13
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.57%, while traders in Wall Street are at opposite extremes with 74.81%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/C9XWwZRalw
  • Heads Up:🇮🇹 Industrial Production MoM (FEB) due at 08:00 GMT (15min) Expected: 0.7% Previous: 1% https://www.dailyfx.com/economic-calendar#2021-04-13
USD/CHF Overlooks Swiss Trade Balance Data; Focus Turns To US CPI

USD/CHF Overlooks Swiss Trade Balance Data; Focus Turns To US CPI

Edward Hyon,

Talking Point:

  • CHF Trade Balance (Swiss Franc) (Jun): 1.38B Actual Vs 2.78B Estimated; 2.85B Prior.
  • USD/CHF remains relatively muted after the release of Switzerland’s Trade Balance data.
  • Focus Will Turn to The June US CPI Figures As A Potential Volatility Spark For USD/CHF.

Want to trade with proprietary strategies developed by FXCM? Find out how here.

Switzerland Trade Balance figure for the month of June registered at 1.38B Swiss Franc (SF) versus the 2.85B SF in the prior month. The data recapitulates the difference between the total value of Swiss exports and imports and came in short of market expectations of 2.78B SF. The positive Trade Balance indicates a trade surplus, which translates into greater demand for the currency and upward pressure on the value of the Franc.

Ahead of the data, USD/CHF grinded higher to trade at 0.8982. Straight after the release the reaction of Swiss Franc against the Greenback was relatively muted. Looking ahead, the US Dollar may find volatility in the lead up to the June US Consumer Price Index figures, which will be released later today at 12:30 GMT. The consensus is for the annual price-growth to maintain its 2.1 percent reading while the core remains at 2.0 percent. If June’s inflation data outshines expectations, this may cause an upside surprise as it may inspire speculation for a sooner-than-expected interest rate hike by the Fed says DailyFX Currency Strategist Ilya Spivak.

From a technical panorama, Ilya Spivak mentions near-term support to rest at 0.8934 (23.6 Fib Exp.) and resistance at 0.8983-94 (38.2% Fib Exp.). He remains flat for now as prices remain too close to the resistance level and there is an absence of a defined bearish signal.

USD/CHF 5 Minute Chart

USD/CHF Overlooks Swiss Trade Balance Data; Focus Turns To US CPI

Daily Chart - Created Using FXCM Marketscope 2.0, Volume Indicator Available Here

New to FX? START HERE!

Edward Hyon, DailyFX Research Team

Keep up to date on event risk with DailyFX Calendar

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

DISCLOSURES