thenews 2017.01.18 14:08 #211

USD/CHF Giving Back Gains, Trading Back Toward Parity

USD/CHF attempted to recover following Tuesday’s sharp decline of nearly 1%, but has trimmed the gains and is now trading at 1.0022, up a mere 0.08%. The U.S. dollar index, meanwhile, is holding near the session highs at 100.71, a gain of 0.41%. The dollar is bouncing ahead of the 08:30 ET release of U.S. inflation data.

December U.S. CPI is expected at 0.3%, following a reading of 0.2% in November. Core CPI is expected at 0.2%, unchanged from November’s level. The CPI report will be followed by Industrial Production/Capacity Utilization at 09:15 ET.

Yesterday the dollar was hit hard, sliding to its lowest level since December 8th following the publication of an interview with U.S. President-elect Donald Trump. In the interview, during which he deviated from the tradition of letting comments regarding the greenback come from the Treasury Department, he stated that the dollar was “too strong.” This set a negative tone to Tuesday’s session and that negative tone was exacerbated by a surge of roughly 3% in the British Pound after a speech regarding Brexit from British Prime Minister Theresa May calmed traders’ worries.

Switzerland December PPI mm +0.2% as expected

Swiss December PPI report 19 Jan

+0.1% prev
yy 0.0% vs +0.1% exp vs -0.6 prev

thenews 2017.01.23 08:13 #213

Switzerland December M3 money supply yy 3.0% vs 2.5% expected

Swiss December M3 money supply 23 Jan

1.8% prev revised down from 2.0%

thenews 2017.01.24 17:10 #214

USD/CHF Trading Higher on Dollar Strength

USD/CHF is rebounding in today’s trading, as the pair is attempting to claw its way back above the 1.0000 level, which was broken as a result of Monday’s move to the downside. USD/CHF is currently trading at 0.9995, up 0.33% over Monday’s North American close.

USD/CHF came under pressure on Monday, extending the downtrend that has been intact throughout 2017. The weakness on Monday was attributed to a sell-off in the dollar, which weakened on US President Donald Trump’s decision to withdraw from the Trans-Pacific Partnership. The US dollar index, which measures the greenback’s strength against a basket of six major currencies, traded below 100.00 for the first time since December 8 as a result of Monday’s slide.

USD/CHF, in turn, fell below 1.0000 during Monday’s trading, resulting in an extreme oversold condition. The pair is reacting to the oversold condition in today’s trading with a move to the upside.

First resistance is at the January 17th reaction low at 0.9996, which is currently being tested. A move above this level would leave the target at the falling trendline which defines the pair’s downtrend dating to January 3rd. This trendline currently stands at the 1.0070 level. A sustained breakout above this trendline is required to improve the broader outlook for USD/CHF. A bounce merely in reaction to the current oversold condition is not expected to result in a sustained move above this trendline and a return to this area of resistance currently appears best used as a selling opportunity.

Switzerland UBS December consumption indicator 1.5 vs 1.45 prev

Swiss UBS December consumption indicator 25 Jan

prev revised up from 1.43

thenews 2017.01.26 08:05 #216

Switzerland December trade balance CHF +2.72bln vs +3.5bln prev

Switzerland December trade balance report 26 Jan

prev revised down from CHF +3.6bln
exports mm +9.9% vs -4.0% prev revised down from -0.4%
imports mm -0.8% vs revised -4.5%
Dec gold exports rose to 287.6 tons
Dec watch exports fall 4.6% yy

Comparison of MetaTrader 5 Querying event types by Defining data source for

thenews 2017.01.28 12:49 #217

CHF: SNB Balance Sheet Has 'Ballooned'; Where To Target?

There have been some growing concerns about the recent expansion of the SNB’s balance sheet. It now stands 30% larger than when the EURCHF peg was abandoned two years ago.

However, even though last month revealed the first reduction in assets in a year, there does not appear to be any change in stance.

The SNB will get some help in easing conditions as inflation, which has been below zero for the last five months, moves back into positive territory this year.

All told the currency should depreciate to 1.09 by the end of the year versus the EUR.

On Balance Volume - History - MetaTrader 5 On Balance Volume -

thenews 2017.01.30 10:37 #218

Swiss KOF Indicator Declines to 101.7 in January, Limited Underlying Change

The Swiss KOF index declined to 101.7 for January from a revised reading of 102.1 the previous month and the reading was also slightly below consensus forecasts of a value around 102.0. Although the weakest level for three months, the index held above the long-term average and there have been no major changes over the past few months.

There were positive influences from the construction sector and there was a more favourable tone in the export sector. In contrast, there was deterioration in confidence in the financial sector and a weaker tone in private consumption, while there was significant deterioration in the hotel and restaurant sector.

Within the manufacturing sector, the overall competitive pressures were described as stronger, although there were significant elements of divergence with weakness reported in the textiles sector.

The latest trade data provided some underlying relief with gains in net exports in the year to December, although there was a sharp decline in Swiss watch exports with the worst annual performance since the financial crisis, which will maintain concerns surrounding some competitive pressures in some key sectors.

In this environment, there will be further pressure on the National Bank to curb potential franc gains, especially with concerns surrounding the risk of global trade protectionism, which could have an important impact in undermining trade

Swiss franc news - page 22