EUR/CHF can move towards 0.9500/9520 this week – ING
Source Fxstreet
EUR/CHF seems to be recovering, ING's FX analyst Chris Turner notes.
Upside risks to EUR/CHF may be growing
"Again the Ukraine story may be playing a role given that EUR/CHF was trading above 1.05 before Russia invaded Ukraine. A softer Swiss inflation print today and the prospect of even lower inflation next quarter (the Swiss National Bank forecasts the YoY rate dropping to 0.2%) warns that upside risks to EUR/CHF may be growing."
"We could see 0.9500/9520 this week as investors reprice for some positive Ukraine news out of this weekend's Munich security conference."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
Gold (XAU/USD) attracts some dip-buyers following the previous day's modest slide and climbs back above the $5,050 level during the Asian session on Wednesday.
Gold declines below $4,500 on stalled US-Iran ceasefire talks, US NFP data loomsGold price (XAU/USD) edges lower to near $4,470 during the early Asian session on Friday. The precious metal remains volatile amid ongoing geopolitical turmoil. Traders will closely monitor the developments surrounding the US-Iran peace deal and the US May employment report later on Friday.
Gold price (XAU/USD) edges lower to near $4,470 during the early Asian session on Friday. The precious metal remains volatile amid ongoing geopolitical turmoil. Traders will closely monitor the developments surrounding the US-Iran peace deal and the US May employment report later on Friday.
Japanese Yen recovers sharply from 40-year low as intervention bets trigger short-coveringThe USD/JPY pair comes under intense selling pressure and plummets to the 161.00 neighborhood heading into the European session on Thursday, snapping a three-day winning streak to the highest since 1986 set the previous day.
The USD/JPY pair comes under intense selling pressure and plummets to the 161.00 neighborhood heading into the European session on Thursday, snapping a three-day winning streak to the highest since 1986 set the previous day.
Gold gains momentum above $4,100 after weak US NFP data Gold price (XAU/USD) gains traction to around $4,125 during the early Asian session on Friday. The precious metal extends the rally after weaker-than-expected US Nonfarm Payrolls (NFP) data reduced expectations of Federal Reserve (Fed) interest rate hikes this year.
Gold price (XAU/USD) gains traction to around $4,125 during the early Asian session on Friday. The precious metal extends the rally after weaker-than-expected US Nonfarm Payrolls (NFP) data reduced expectations of Federal Reserve (Fed) interest rate hikes this year.
Related Instrument
