Free Trial

Accelerates to Session Highs

EURO-SWISS

EURCHF accelerating higher in recent trade - hitting new highs up at 1.0799
(not quite breaking 1.08 handle, but close). Similar move in USD/CHF too, but
no new highs just yet.

  • This morning's sight deposits data continue to suggest that the SNB
    are active as total deposits crept to a new high, although the pace has
    slowed sharply from March/April thanks to the recent EUR rally.
  • EURCHF now highest since early June, where the cycle high was well above
    at 1.0916.
  • Risk reversals moving in tandem today - 3m contract holding near multi-
    month highs and now comfortably above the 12m rolling average

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.