Market news
25.11.2021, 02:23

USD/CHF: Options market signals bearish impulsive gaining strength

One-month risk reversal (RR) of USD/CHF, a gauge of calls to puts, eases to -0.1000 for the week to end on November 26, per the latest data from Reuters. The daily figures are down for the second consecutive day, -0.025 at the latest.

It’s worth noting that the weekly RR jumped to the highest since the latest September 2020 during the first week of November, before stepping back afterward.

Hence, it appears that the options market bears are retaking controls amid indecision over the Fed’s next move and fresh covid woes.

Also favoring the USD/CHF pullback is the recent decline of the US Treasury yields, tracking the inflation expectations.

That said, USD/CHF ticked up to the highest levels since April the previous day before closing with mild gains around 0.9340. The Swiss currency (CHF) pair remains pressured around an intraday low of 0.9336 by the press time of early Thursday.

Read: USD/CHF Price Analysis: Break of a 4-month old trendline, opens the door for a re-test of 0.9473

© 2000-2021. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Feedback
Live Chat E-mail
Up
Choose your language / location