Daily Pivots: (S1) 0.7868; (P) 0.7886; (R1) 0.7914; More…. USD/CHF recovered after forming a temporary low at 0.7860 and intraday bias is turned neutral. Further decline is expected as long as 0.7986 resistance holds. Break of 0.7860 will target 0.7828 low. Decisive break there will confirm larger down trend resumption. In the bigger picture, outlook […]
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SNB holds rates but strengthens intervention stance, aiming to cap CHF gains as energy-driven inflation rises only temporarily. The central bank kept its policy rate unchanged at 0.00%, as widely expected, but sharpened its language Read more…
The Swiss National Bank is leaving the SNB policy rate unchanged at 0%. Banks’ sight deposits held at the SNB will be remunerated at the SNB policy rate up to a certain threshold. The discount Read more…