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Watching USD/CHF around 0.94 into SNB, US inflation: The Week Ahead
Trades want to sell the USD, but that it causing a headache for the SNB who want a lower Swiss franc. And Some already estimate that the central bank is active in the FX market to defend the USD/CHF at 0.84. And that puts the SNB interest meeting, US GDP, PMI, PCE reports in focus, alongside the slew Fed members hitting the wires.
USD/CHF traders are nervous of being ‘caught short’ ahead of SNB
Futures traders may be heavily net-short Swiss Francs, but the rapid rise of the currency this week ahead of the SNB meeting suggests some are wary of being caught short a less-dovish central bank.
BOE, SNB, RBA meetings, flash PMIs in focus: The Week Ahead
For the first week in a while, US data is not dominating the market focus. With a key US inflation report and FOMC meeting freshly in the rear-view mirror, markets can now shift attention to domestic data. Three top-tier central banks meet next week, including the RBA on Tuesday, followed by the Swiss National Bank (SNB) and Bank of England (BOE) on Thursday. UK inflation data on Wednesday could set the tone for what to expect at future BOE meetings. Flash PMIs across Asia, Europe, and the US then close out the week, which can shape expectations for future growth and inflationary pressures.
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Central Bank galore with BOJ, Fed, BOE, SNB and RBA on tap: The Week Ahead
It is a monster week ahead for traders with a key focus on central banks, with BOJ, Fed, BOE and RBA meetings on the menu.
EUR/USD, EUR/GBP in focus for BOE and ECB meetings: European open
We have arguably seen the biggest central bank surprise of the week, with the Fed’s dovish pivot. But that may also influence the tone of the SNB, BOE and ECB at their meetings today – even if only to a degree.
US CPI, FOMC, BOE, ECB and SNB on tap: The Week Ahead
Four major central banks meeting next week including the FOMC, ECB, BOE and SNB. While no changes are expected, traders want to know who may be the first to cut rates.
GBP/USD, USD/CHF Analysis: SNB and BOE to hike by 25 or 50bp today?
The BOE and SNB are expected to hike by 25bp today. But a 50bp hike may not be out of the question, which puts GBP/USD and USD/CHF firmly onto trader's radars today.
European Open: SNB come to the rescue of Credit Suisse, ECB up next
The SNB (Swiss National Bank) has swept in to provide much needed liquidity to Credit Suisse, which should soothe some concerns over risk to the financial system.
Swiss CPI: Just when you thought inflation was coming to an end…
The Swiss headline print was 3.3% YoY vs an expectation of 2.9% YoY
SNB hikes 75bps, but Franc’s not satisfied
The SNB hiked rates by 75bps today. However, the inconspicuous comments by the central bank left EUR/CHF weary as to if there are more to come.
Nothing changes for gold, stocks as yields resume higher
Bearish trend persist for indices and metals as investors watch yields continue to rise following a flurry of central bank action this week.
The SNB could surprise (again) with a larger than expected hike
The SNB (Swiss National Bank) are expected to hike interest rates tomorrow, which would send their rate above zero for the first time since 2011.
Heed the SNB’s warning if inflation reading is high!
The SNB has already given warnings that it could take monetary policy action between meetings if necessary.
SNB surprises everyone and hikes 50bps! USD/CHF falls 300 pips
The central bank also said the franc is no longer overvalued; however, they stand ready to intervene in the fx market if necessary.
GBP/CHF in focus for today’s SNB and BOE meetings
Hot on the heels of the Fed meeting, the SNB (Swiss National Bank) and BOE (Bank of England) are up next in today’s European session.
Swiss CPI strong; Is the SNB ready to act?
The CPI reading for Switzerland in April was 2.9% YoY, its highest level since September 2008!
Are SNB being ‘franc’ about a potential hike?
Comments from SNB’s president suggest the central bank might be closer to hiking rates sooner than some expect.
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EUR/CHF has potential for a big drop (but not THAT big)
A possible 175 pip move down to 1.0334 is definitely something to be on the lookout for
Brexit to dominate agenda in busy week for FX
Next week is unquestionably one of the most exciting times you will see in the markets particularly for the GBP/USD and pound crosses as we will have the all-important UK parliamentary vote on the Brexit deal coming up.
Is USD/CHF’s Big Rally Stalling Below Parity?
It’s been another rough day for global stock investors (see my colleague Fawad Razaqzada’s note “Global stocks extend decline as Chinese markets resume slide” for more), so it’s not surprising that the safe haven Japanese yen is once again at the top of the FX relative performance charts. What is interesting is the price action in the US dollar, which is the worst-performing major currency on the day.
EUR/CHF extends rebound on diverging ECB, SNB policies
Last week saw the Swiss National Bank offer absolutely no hints about the prospects of tightening in the foreseeable future. In contrast, Mario Draghi, the European Central Bank President, was quite bullish on Eurozone inflation outlook.
EUR/CHF remains bid as SNB retains franc "high value" language
The SNB was surprisingly relaxed about the currency’s recent strength, once again describing the franc as merely being "highly valued."
USD/CHF Oscillating Around 0.9700 Ahead of Next Week’s SNB Meeting
Political headlines and trade fears are dominating the headlines in today’s North American session, leading to a slight risk-off tone despite a positive open for risk assets. As a result, we’ve seen the US dollar, Japanese yen, and Swiss franc ascend to become the strongest major currencies on the day after bringing up the rear through the first four days of the trading week.