Free Trial
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.
CHF
- Notable weakness has been seen in the Swiss franc today, losing 0.75% against the dollar.
- USDCHF hovers just beneath the July highs of 0.9275 which if breached would see the pair trading at the best levels since April.
- Earlier in the week we also pointed out a deterioration in CHF positioning according to latest CFTC data, erasing the market's net long amid further evidence that the SNB are intervening ahead of the September policy decision.
- Interestingly the downtrend drawn from the 2020 highs looks to intersect around 0.9280, strengthening the importance of this area.
- A break may have the potential to prompt a move initially targeting 0.9330, the 50% retracement of the 2020 High – 2021 Low price swing.
- For reference, the next SNB meeting/decision is next Thursday, September 23
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok