- Analytics
- News and Tools
- Market News
- SNB Jordan: Can't exclude more interest-rate increases, ready to be active in FX markets
SNB Jordan: Can't exclude more interest-rate increases, ready to be active in FX markets
Swiss National Bank Chairman Thomas Jordan is crossing the wires and has stated the following:
Key comments
- Price stability does not happen automatically.
- We are seeing no wage-price spiral in Switzerland.
- Inflationary pressure stronger than SNB can tolerate, can't exclude more interest-rate increases.
- A strong swiss job market could affect a firm's cost inflation.
- In 2022 second-round effects rose, and inflation spread.
- Ready to be active in currency markets when necessary.
USD/CHF technical analysis
On the following daily chart,m we can see that the price is moving lower with a descending channel:
Zoomed in ...
The M-formation is pulling the bulls in from support with a focus on the 50% mean reversion target as the top of the channel resistance and neckline of the pattern near 0.9170.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
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.
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.
Bank transfers
