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
Bearish
GBP/USD
Mixed
USD/JPY
Bearish
Gold
Bearish
Oil - US Crude
Bullish
Bitcoin
Mixed
More View more
Real Time News
  • 🇨🇦 CAD New Housing Price Index (YoY) (SEP), Actual: -0.1% Expected: -0.2% Previous: -0.3% https://www.dailyfx.com/economic-calendar#2019-11-14
  • 🇺🇸 USD Continuing Claims (NOV 2), Actual: 1683k Expected: 1685k Previous: 1693k https://www.dailyfx.com/economic-calendar#2019-11-14
  • 🇺🇸 USD Continuing Claims (NOV 2), Actual: 1.68M Expected: 1685k Previous: 1689k https://www.dailyfx.com/economic-calendar#2019-11-14
  • 🇺🇸 USD Initial Jobless Claims (NOV 9), Actual: 225k Expected: 215k Previous: 211k https://www.dailyfx.com/economic-calendar#2019-11-14
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.56%, while traders in France 40 are at opposite extremes with 82.88%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/OHWoe77V9F
  • $USDMXN ripping higher ahead of the Banxico rate decision due later today at 19:00 GMT. Stay tuned for a full analysis on the Mexican Peso and Banco de Mexico https://t.co/6R89PZRWbK
  • Geopolitical developments send #oil prices soaring or falling. Get your market update from @MartinSEssex here:https://t.co/XVXLyG8vjq #OOTT https://t.co/R9YOxdPwXc
  • Forex Update: As of 13:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.16% 🇨🇭CHF: 0.14% 🇬🇧GBP: -0.08% 🇨🇦CAD: -0.12% 🇳🇿NZD: -0.41% 🇦🇺AUD: -0.80% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/C0qfNx1Ewq
  • Heads Up:🇺🇸 USD Continuing Claims (NOV 2) due at 13:30 GMT (15min), Actual: N/A Expected: 1685k Previous: 1689k https://www.dailyfx.com/economic-calendar#2019-11-14
  • Heads Up:🇺🇸 USD Initial Jobless Claims (NOV 9) due at 13:30 GMT (15min), Actual: N/A Expected: 215k Previous: 211k https://www.dailyfx.com/economic-calendar#2019-11-14
Swiss Franc Rallies Likely to Slow

Swiss Franc Rallies Likely to Slow

2011-03-10 15:52:00
David Rodriguez, Head of Business Development
Share:
ssi_usd-chf_body_Picture_10.png, Swiss Franc Rallies Likely to Slow

USDCHF Crowds have remained net-long the US Dollar against the Swiss Franc since the pair traded near the 1.10 mark, giving consistent contrarian signal to stay short the fast-falling pair. Yet a more recent shift weakens our bearish contrarian bias. The ratio of long to short positions in the USDCHF stands at 4.68 as nearly 82% of traders are long. Yesterday, the ratio was at 5.43 as 84% of open positions were long. In detail, long positions are 5.6% lower than yesterday and 10.2% weaker since last week. Short positions are 9.5% higher than yesterday and 6.4% weaker since last week. Open interest is 3.2% weaker than yesterday and 1.2% above its monthly average. The SSI is a contrarian indicator and signals more USDCHF losses, but the sudden move towards closing longs and opening short positions suggests momentum will slow.

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

DISCLOSURES

News & Analysis at your fingertips.