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
EUR/USD
Bullish
Oil - US Crude
Bearish
Wall Street
Bearish
Gold
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
GBP/USD
Bullish
USD/JPY
Bullish
More View more
Real Time News
  • $USDCAD dives to lowest level since March 15 on USD weakness https://t.co/8abAuksdMo
  • #Equities: US futures on the front-foot with market participants returning from their elongated break, which in turn sees the S&P 500 pierce the psychological 3000. Get your #equities market update from @JMcQueenFX here: https://t.co/7O447VkToZ https://t.co/TyXEaPVnbb
  • LIVE NOW: Join @JStanleyFX as he runs through price action set-ups for the FX and CFDs market. https://www.dailyfx.com/webinars/1338844901231735299
  • it's time for the webinar, starting right now https://www.dailyfx.com/webinars/1338844901231735299 https://t.co/gLQFjotDmG
  • Senate Majority Leader McConnell says drop in revenue for States a concern, but national debt is also concerning- BBG
  • LIVE IN 5 MINUTES: Join @JStanleyFX as he runs through price action set-ups for the FX and CFDs market. https://www.dailyfx.com/webinars/1338844901231735299
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.52%, while traders in US 500 are at opposite extremes with 75.73%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/tkFbZhU9DE
  • Heads Up:🇺🇸 Fed Kashkari Speech due at 17:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-05-26
  • LIVE IN 15 MINUTES: Join @JStanleyFX as he runs through price action set-ups for the FX and CFDs market. https://www.dailyfx.com/webinars/1338844901231735299
  • Heads Up:🇷🇺 Unemployment Rate due at 17:00 GMT (15min) Expected: 5.5% Previous: 4.7% https://www.dailyfx.com/economic-calendar#2020-05-26
Swiss Franc Unfazed by Weak CPI with Risk Trends, NFP in Focus

Swiss Franc Unfazed by Weak CPI with Risk Trends, NFP in Focus

2016-01-08 09:03:00
Oded Shimoni, Junior Currency Analyst
Share:

Talking Points:

  • Switzerland’s CPI -0.4% in December, below expectations
  • Year-on-year CPI in negative territory at -1.3%
  • Swiss Franc little changed versus other major currencies

See how retail traders are positioning in the majors in your charts using the FXCM SSI snapshot.

The Swiss Franc was little changed versus other major currencies (at the time this report was written) after the Consumer Price Index (CPI) fell below expectations.According to Swiss Federal Statistical Office, Switzerland’s CPI fell by -0.4 percent in December compared with the previous month, which also saw a decline of -0.1 percent. The figure came below expectations of a -0.3 percent drop. The year-on-year inflation rate was down to -1.3 percent compared with the annualized -1.4 percent in November, but below expectations of a -1.2 percent rate.

The SNB opted to keeps interest rates unchanged at -0.75 percent on December 10, after the ECB’s stimulus efforts appeared to be below market expectations in their last policy announcement, resulting in a stronger Euro. The appreciations in the Euro reduced speculation that the SNB might have to keep the Franc devalued by intervening in the FX market and/or cutting the deposit rate further down in negative territory. It remains to be seen how the latest discouraging CPI figures will influence the SNB’s monetary policy actions, but today’s focus was seemingly elsewhere; Sentiment trends continued to drive currency market today, as the market appeared to be in a “risk on” mode in Asia and early European trading with risk-geared Australian, Canadian and New Zealand Dollars outperforming the safety linked Swiss Franc and Yen. With the US Nonfarm Payrollsat 13:30 GMT, the market seemed to focus on further developments in risk trends later today, and the Swiss Franc was little changed versus other major currencies.

Swiss Franc Unfazed by Weak CPI with Risk Trends, NFP in Focus

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

DISCLOSURES

News & Analysis at your fingertips.