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
Oil - US Crude
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
  • Tesla 2Q Earnings: 2Q REV. $11.96B, EST. $11.36B 2Q ADJ EPS $1.45, EST. 97C $TSLA
  • Amazon denies it will accept Bitcoin in statement - BBG #Bitcoin $AMZN
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: France 40: 0.26% FTSE 100: 0.11% Germany 30: 0.11% US 500: 0.01% Wall Street: 0.00% View the performance of all markets via
  • Gold grinding lower, May 2019 trend-line may still come into play. Silver outlook a bit clearer with it trending lower below support. Get your market update from @PaulRobinsonFX here:
  • Despite today's gains, AUD/USD continues its struggle to reclaim the 0.74 area $AUDUSD
  • #Bitcoin back above $40,000
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.26% Silver: 0.06% Gold: -0.28% View the performance of all markets via
  • Bitcoin breaking out of its recent range, now eyeing the June swing-high above $40,000 $BTCUSD #Bitcoin
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.89%, while traders in Wall Street are at opposite extremes with 74.76%. See the summary chart below and full details and charts on DailyFX:
  • DAX broke wedge formation, testing March trend-line. CAC bias looking lower yet after initial bounce. Get your market update from @PaulRobinsonFX here:
2 CAD/CHF Set-ups That Cover All the Bases

2 CAD/CHF Set-ups That Cover All the Bases

Liam McMahon, Head Forex Trading Instructor

Talking Points:

  • The 1000-Pip Selloff in CAD/CHF
  • How to Play Continued CHF Strength
  • An Easy Way to Play the Other Side, too

Since May, the Swiss franc (CHF) has significantly appreciated while the Canadian dollar (CAD) has remained stagnant across the board. During that time, CADCHF has fallen by more than 1,000 pips, and the selloff in the pair accelerated earlier this month with a sharp decline from 0.8870 down to the recent lows of 0.8525, where the pair has since staged a small bounce.

The Bank of Canada (BoC) has been in the news of late, and it remains of the belief that the Canadian economic recovery will remain soft when compared to the overall global recovery. The BoC has reiterated that it is unlikely to raise rates anytime soon, and while positive GDP growth is expected, it is likely to remain below trend until at least 2015. (Canada’s monthly GDP figures are set to be released this Thursday (Oct. 31), and economists are expecting small upward growth (0.2%).)

On the other hand, the Swiss franc has been appreciating against most major currencies on the back of anti-dollar flows, as well as general euro (EUR) strength, and CADCHF bears have made sure to take advantage of that strength. It’s of note that the EURCHF peg tends to make CHF follow EUR.

If the recent CADCHF bounce continues, traders willing to buy up CHF will have an opportunity to join this trend at around 0.8700, which is the 50% Fibonacci retracement of the decline from 0.8865 to the 0.8525 lows. This level also corresponds nicely with some previous horizontal support levels that should now have turned into resistance.

Guest Commentary: 2 Simple CAD/CHF Set-ups to Choose from

2_CADCHF_Set-ups_That_Cover_All_the_Bases_body_GuestCommentary_LMcMahon_October29A.png, 2 CAD/CHF Set-ups That Cover All the Bases

Those who wish to bet against ongoing CHF strength can try to buy the pair above that 50% Fib and horizontal resistance level, or can wait until the first major descending trend line (marked in yellow) is breached.

Either way, this pair has been fairly volatile lately, meaning there are good trading opportunities in both directions. The pair is also US dollar (USD) neutral, which is helpful in today’s trading environment.

By Liam McMahon, currency strategist,

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