Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Economic Indicator

EUR/CHF edges higher as safe-haven demand fades – Société Générale

Source Fxstreet

EUR/CHF is gradually moving higher as easing geopolitical tensions trigger a partial unwind of the Swiss Franc’s (CHF) safe-haven premium, Société Générale's FX analysts Olivier Korber and Kit Juckes reports.

CHF weakens despite soft EUR/USD performance

"Safe-haven unwind and carry advantage. As geopolitical jitters ease, EUR/CHF has edged higher despite EUR/USD softness since the Christmas peak at 1.18, signaling a gradual unwind of CHF’s safe-haven bid. Pairing CHF shorts with NOK longs secures attractive carry, thanks to Norway’s elevated rates."

"Switzerland’s PMI miss confirms downside risks. Switzerland’s economy downside risks deepened with December’s manufacturing PMI plunging to 45.8 (largely below the most pessimistic forecast of 49). Coupled with 3Q GDP contraction, this reinforces economic fragility and undermines CHF’s defensive appeal."

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Ethereum Price Holds Bullish Bias, Upside Continuation in Focus Ethereum price extended gains above $2,250 before it started a downside correction. ETH is now consolidating above $2,120 and might aim for a fresh increase. Ethereum started a decent upward move

Author NewsBTC

12 hours ago

Ethereum price extended gains above $2,250 before it started a downside correction. ETH is now consolidating above $2,120 and might aim for a fresh increase. Ethereum started a decent upward move

Avalanche Foundation faces scrutiny over alleged $180M token transfers as AVAX price declines The Avalanche Foundation came under fire when on-chain data analyst and researcher, Emperor Osmo, called out a steady flow of about $180 million that flowed from the foundation into Coinbase over six months, implying that the team behind the AVAX token has contributed to its recent downtrend. Emperor Osmo, with former ties to the Osmosis […]

Author Cryptopolitan

12 hours ago

The Avalanche Foundation came under fire when on-chain data analyst and researcher, Emperor Osmo, called out a steady flow of about $180 million that flowed from the foundation into Coinbase over six months, implying that the team behind the AVAX token has contributed to its recent downtrend. Emperor Osmo, with former ties to the Osmosis […]

Circle shares sink nearly 10% as Wall Street turns bearish amid crypto fallout Circle shares dropped nearly 10% after a Wall Street downgrade signaled rising caution.

Author Cryptopolitan

12 hours ago

Circle shares dropped nearly 10% after a Wall Street downgrade signaled rising caution.

Gold Price Takes a Petrodollar Hit, but the $5,000 Setup Survives Gold (XAU/USD) price trades at $4,722 on April 9, down 3.32% from its April 8 high of $4,858 as a rebounding dollar created a short-term headwind.The pullback arrived after the US Dollar Index (DXY) b

Author Beincrypto

12 hours ago

Gold (XAU/USD) price trades at $4,722 on April 9, down 3.32% from its April 8 high of $4,858 as a rebounding dollar created a short-term headwind.The pullback arrived after the US Dollar Index (DXY) b

Solana Price Drops 3% but Longs Keep Piling In: 17 Million SOL Explain Why Solana (SOL) price trades at $82.20 on April 9, down 3% in 24 hours and 34% year-to-date. Yet leveraged traders are betting heavily on a bounce.The seven-day liquidation map on Bybit shows $309 millio

Author Beincrypto

12 hours ago

Solana (SOL) price trades at $82.20 on April 9, down 3% in 24 hours and 34% year-to-date. Yet leveraged traders are betting heavily on a bounce.The seven-day liquidation map on Bybit shows $309 millio

Related Instrument