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

    EUR/CHF: Little more upside potential in the short term – Commerzbank

    Source Fxstreet
    Mar 5, 2024 09:23

    EUR/CHF trades over 0.9600. Economists at Commerzbank analyze the pair’s outlook.

    Discussion about SNB Jordan’s successor will have little impact on the Franc

    It should be noted that SNB Chairman Thomas Jordan announced at the end of last week that he will step down at the end of September. This means that he will still chair three interest rate decisions. The discussion about his successor is likely to accompany us for the next few months but will have little impact on the CHF in the short term. 

    The Franc has suffered in recent months because expectations for the ECB's first interest rate move have been pushed back, allowing EUR/CHF to work its way up to 0.9600. However, most of this should have been priced in by now, so I see little more upside potential in EUR/CHF in the short term, especially not so close to the ECB meeting.

     

    Disclaimer: For information purposes only. Past performance is not indicative of future results.
    placeholder
    Forex Today: Fedspeak in the limelight amidst September rate cut betsThe risk complex regained some poise amidst a mild corrective decline in the US Dollar and rising speculation of a Fed rate cut in September.
    Source  Fxstreet
    The risk complex regained some poise amidst a mild corrective decline in the US Dollar and rising speculation of a Fed rate cut in September.
    placeholder
    EUR/GBP slides back closer to mid-0.8500s, downside seems limited ahead of ECBThe EUR/GBP cross struggles to capitalize on the previous day's goodish rebound from the 0.8545 area, or a one-week low and meets with a fresh supply on Thursday.
    Source  Fxstreet
    The EUR/GBP cross struggles to capitalize on the previous day's goodish rebound from the 0.8545 area, or a one-week low and meets with a fresh supply on Thursday.
    placeholder
    NZD/USD pares gains after weaker NZIER Business Confidence, stays near 0.6040NZD/USD retains its position in positive territory, although it has trimmed some intraday gains, following the release of weaker Business Confidence data from New Zealand on Tuesday.
    Source  Fxstreet
    NZD/USD retains its position in positive territory, although it has trimmed some intraday gains, following the release of weaker Business Confidence data from New Zealand on Tuesday.
    goTop
    quote