The upward movement of this currency pair signifies the weakening of the Swiss franc against the US dollar. Industrial production in Switzerland fell by 8.6% in the second quarter of this year. The current SNB rate is -0.75% since January 2015. SNB representatives have previously expressed dissatisfaction with the excessive strengthening of the Swiss franc. The Fed’s rate is positive and equals 0.25%. The Fed’s July briefing raised doubts about the need to maintain a monetary policy that is too lenient. Of course, the Fed’s rate hike was not discussed, but the very fact of such concerns supported the US dollar index.
| Indicator | VALUE | Signal |
|---|---|---|
| RSI | Buy | |
| MACD | Buy | |
| MA(200) | Neutral | |
| Fractals | Neutral | |
| Parabolic SAR | Sell | |
| Bollinger Bands | Neutral |
| Order | Buy |
| Buy stop | Above 0.92 |
| Stop loss | Below 0.9 |
Market Analysis provided by IFCMarkets.com
By Analytical Department RoboForex EUR/USD begins the week around 1.1540. Following a volatile week, market…
By JustMarkets On Friday, the US stock market posted gains amid a volatile session, supported…
By JustMarkets On Thursday, the US stock indices posted strong gains, fully recovering from the…
By Analytical Department RoboForex USD/JPY recovered to 160.60 on Friday following a sharp drop the…
By Patrick J. Schena, Tufts University Creating a government fund to own AI stock and…
By JustMarkets The US equity indices ended Wednesday’s session with notable declines as geopolitical risks…
This website uses cookies.