Daily Pivots: (S1) 0.7972; (P) 0.8020; (R1) 0.8053; More… USD/CHF’s fall from 0.8123 is in progress and intraday bias stays on the downside. Corrective rebound from 0.7828 should have completed with three waves up to 0.8123. Deeper decline should be seen to 0.7872 support. Firm break there will argue that larger down trend is ready […]
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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…