- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- USD/CHF Price Forecast: Steadies below 0.8500 in countdown to US data
USD/CHF Price Forecast: Steadies below 0.8500 in countdown to US data
- USD/CHF remains on the backfoot near 0.8450 amid weakness in the US Dollar.
- Investors await the US ADP Employment and ISM Services PMI for August.
- A further slowdown in Swiss inflation boosts expectations of SNB’s more rate cuts.
The USD/CHF pair exhibits a subdued performance near 0.8450 in Thursday’s European session. The Swiss Franc asset remains under pressure as the US Dollar (USD) extends its downside after weak United States (US) JOLTS Job Openings data for July raised red flags on current labor market conditions.
The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, slides further below 101.20.
Meanwhile, investors await the US ADP Employment and ISM Services PMI data for August to get fresh cues about the potential Federal Reserve (Fed) interest rate cut size this month. The Fed is widely anticipated to start reducing interest rates in the September meeting but traders remain split over the magnitude of the interest rate cut.
In the Swiss region, consistently easing inflationary pressures have prompted expectations that the Swiss National Bank (SNB) will soften its monetary policy for the third time in a row this month. The SNB has reduced its key borrowing rates by 50 basis points (bps) this year to 1.25%.
USD/CHF declines toward the horizontal support plotted from 28 December 2023 low of 0.8333 on a daily timeframe. The near-term and broader-term outlooks of the Swiss Franc asset remain bearish as all short-to-long-term Exponential Moving Averages (EMAs) are declining.
The 14-day Relative Strength Index (RSI) oscillates in the bearish range of 20.00-40.00, suggesting that a strong bearish momentum is intact.
More downside would appear if the asset breaks below August 5 low of 0.8432, which would drag the major towards the round-level support of 0.8400 and 28 December 2023 low of 0.8333.
On the flip side, a recovery move above the weekly high near 0.8540 will drive the asset toward the round-level resistance of 0.8600, followed by August 20 high of 0.8632.
USD/CHF daily chart
US Dollar PRICE Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Canadian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.15% | -0.15% | -0.19% | 0.04% | 0.00% | -0.16% | -0.02% | |
| EUR | 0.15% | 0.01% | -0.02% | 0.24% | 0.16% | 0.03% | 0.13% | |
| GBP | 0.15% | -0.01% | -0.02% | 0.21% | 0.14% | 0.04% | 0.11% | |
| JPY | 0.19% | 0.02% | 0.02% | 0.22% | 0.18% | 0.01% | 0.16% | |
| CAD | -0.04% | -0.24% | -0.21% | -0.22% | -0.03% | -0.19% | -0.07% | |
| AUD | -0.01% | -0.16% | -0.14% | -0.18% | 0.03% | -0.15% | -0.03% | |
| NZD | 0.16% | -0.03% | -0.04% | -0.01% | 0.19% | 0.15% | 0.11% | |
| CHF | 0.02% | -0.13% | -0.11% | -0.16% | 0.07% | 0.03% | -0.11% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
© 2000-2024. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
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.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.
Банковни транcфери
