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31 Aug 2015

EUR/CHF rebounds from weekly lows and rises above 1.0800

FXStreet (Córdoba) - EUR/CHF is having a strong recovery on Monday and approached a key short term resistance; still remains in ranges.

EUR/CHF rebounds

The pair posted on Friday the lowest daily close in a week and on Monday continued to move to the downside and bottomed at 1.0730, the lowest level since August 20. Afterwards turned to the upside and climbed a hundred pips. During the US session peaked at 1.0850.

Again it is trading near 1.0865/80, the area that capped the upside several times last week. A break above could trigger another rally of the euro.

Negative rates for some time at SNB

During the weekend, Thomas Jordan, Swiss National Bank (SNB) Chairman, said that rates will remain negative for some time given many risks that could trigger more demand for safe-havens boosting the Swiss franc. He reiterated that the currency is clearly overvalued.
Aug 31, 2015

EUR/USD searching for direction

EUR/USD continues to hover above the 1.1200 mark after having spent most of the day in a slim range unable to set fresh direction as investors gear up for the US nonfarm payrolls later this week.
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Aug 31, 2015

USD/CHF reaches 12-day peak

USD/CHF managed to stretch higher and printed a nearly 2-week high just below 0.9700 as the dollar recovers ground across the board.
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