HFM information and reviews
HFM
96%
Octa information and reviews
Octa
94%
FXCC information and reviews
FXCC
92%
FxPro information and reviews
FxPro
89%
FBS information and reviews
FBS
88%
Vantage information and reviews
Vantage
85%

USD/CHF jumps back to two-week high set around 0.9200


26 January 2022

USD/CHF gained traction and scaled higher for the third successive session on Wednesday. Stability in the equity markets undermined the safe-haven CHF and extended some support. Fed rate hike bets acted as a tailwind for the USD and remained supportive of the move up. The USD/CHF pair inched back closer to a two-week high during the first half of the European session, with bulls making a fresh attempt to conquer the 0.9200 mark.

A combination of supporting factors assisted the pair to attract some dip-buying near the 0.9160 region on Wednesday and turn positive for the third successive day. Despite rising geopolitical risks, signs of stability in the equity markets undermined the safe-haven Swiss franc and extended some support to the major. Apart from this, the uptick was further supported by modest US dollar strength.

The USD held steady just below the highest level since January 10 touched on Tuesday and continued drawing support from the prospects for a faster policy tightening by the Fed. In fact, the markets seem convinced that the US central bank will begin raising interest rates in March and have been pricing in a total of four hikes in 2022 amid worries about stubbornly high inflationary pressures.

Hence, the focus will remain glued to the outcome of a two-day FOMC monetary policy meeting, scheduled to be announced later during the US session. Heading into the key central bank event risk, investors might refrain from placing aggressive directional bets. This, in turn, might turn out to be the only factor that might cap any meaningful upside for the USD/CHF pair, at least for the time being.

Hence, it will be prudent to wait for a sustained strength beyond the 0.9200 mark before positioning for an extension of this week's goodish rebound from the vicinity of the 0.9100 round figure. Nevertheless, the USD/CHF pair, so far, has managed to hold its neck comfortably above a technically significant 200-day SMA, which supports prospects for a further near-term appreciating move.

#source

Share: Tweet this or Share on Facebook


Related

Yen sinks to intervention "danger zone"
Yen sinks to intervention "danger zone"

Swiss franc loses ground too, dollar rebounds after solid US data. Gold steady near record highs, chipmakers weigh on stock markets.

27 Mar 2024

USD/CHF Edges Upwards, Approaching 0.8500 as Focus Shifts to US Labor Data and Swiss Economic Indicators
USD/CHF Edges Upwards, Approaching 0.8500 as Focus Shifts to US Labor Data and Swiss Economic Indicators

The USD/CHF currency pair is experiencing a gradual uptick, trading near the 0.8500 level, bolstered by a strengthening US Dollar. This ascent reflects the market's response...

5 Jan 2024

USD/CHF Faces Downward Pressure Amid Dovish Federal Reserve Expectations
USD/CHF Faces Downward Pressure Amid Dovish Federal Reserve Expectations

The USD/CHF pair has continued its downward trend, inching closer to the 0.8400 level with a 0.40% loss. This movement is primarily driven by market expectations of a dovish shift in the Federal Reserve...

1 Jan 2024

USDCHF Wave Analysis: Navigating the Downward Momentum Post Key Support Break
USDCHF Wave Analysis: Navigating the Downward Momentum Post Key Support Break

USDCHF Experiences a Notable Break Below Critical Support, Indicating a Bearish Trend. The USDCHF currency pair, an important barometer in the forex market, has recently undergone...

29 Dec 2023

Analyzing the USDCHF Correction: Key Levels and Potential Rebound
Analyzing the USDCHF Correction: Key Levels and Potential Rebound

The USDCHF currency pair experienced a notable correction following its descent to a four-month low of 0.8630. Despite the downward trajectory...

15 Dec 2023

USD/CHF Struggles to Gain Ground Amid Speculations of Early Fed Rate Cuts and Swiss CPI Data
USD/CHF Struggles to Gain Ground Amid Speculations of Early Fed Rate Cuts and Swiss CPI Data

The U.S. Dollar (USD) continues to display a bearish trend against the Swiss Franc (CHF), with any attempts at recovery being firmly capped below the 0.8760 mark. This ongoing weakness in the USD has led the USD/CHF...

4 Dec 2023


MultiBank Group information and reviews
MultiBank Group
84%
XM information and reviews
XM
82%
FP Markets information and reviews
FP Markets
81%
FXTM information and reviews
FXTM
80%
AMarkets information and reviews
AMarkets
79%
BlackBull information and reviews
BlackBull
78%

© 2006-2024 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.