EUR/CHF: Bearish reversal not seen on the horizon – ING
Source Fxstreet
EUR/CHF is just below 0.9600 after the release of Swiss inflation data. Economists at ING analyze the pair’s outlook.
Ongoing disinflation continues to suggest the new SNB President may stay clear of more CHF-supporting measures
Switzerland has just published February CPI figures, which came in slightly hotter than expected. Headline inflation slowed from 1.3% to 1.2% and core from 1.2% to 1.1%, in line with consensus.
Despite the smaller-than-expected decline, ongoing disinflation continues to suggest the new SNB President (Jordan announced his resignation last week) may stay clear of more CHF-supporting measures.
EUR/CHF has had a strong run lately, but we had targeted a move to 0.9600 by the spring and do not see a bearish reversal on the horizon.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.
Bitcoin options open interest hit $74.1B vs. $65.2B futures as BTC trades at $93,189; Checkonchain flags IBIT/Deribit concentration and a 15% hashrate drop.
Ethereum Price Forecast: ETH faces heavy distribution as price slips below average cost basis of investorsEthereum (ETH) extended its decline on Wednesday, dropping more than 5% over the past 24 hours toward the $2,100 level, which is below the $2,310 average cost basis or realized price of investors, according to CryptoQuant's data.
Ethereum (ETH) extended its decline on Wednesday, dropping more than 5% over the past 24 hours toward the $2,100 level, which is below the $2,310 average cost basis or realized price of investors, according to CryptoQuant's data.
Bitcoin plunges 11% to break $65k as analysts term the crash "structural," citing a $1 trillion market wipeout and $2.09 billion in daily liquidations.
Gold Price Forecast: XAU/USD falls below $5,050 as traders await US jobs data Gold price (XAU/USD) attracts some sellers near $5,035 during the early Asian session on Tuesday. The precious metal edges lower amid improved risk sentiment and some profit-taking. Traders brace for key US economic data later this week, including delayed employment and inflation reports.
Gold price (XAU/USD) attracts some sellers near $5,035 during the early Asian session on Tuesday. The precious metal edges lower amid improved risk sentiment and some profit-taking. Traders brace for key US economic data later this week, including delayed employment and inflation reports.
Related Instrument
