USD/CHF Live News

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Jan. 24, 2022

Dollar/Swiss holds at 0.914

Live - Updated 50 minutes ago.

Light green, mostly flat: Dollar/Swiss ranging between 0.9142 and 0.9133 and is now at 0.914.

United States Services PMI fall short of the 55 projections, with 50.9 and continued its downward trajectory from previous figure of 57.6. United States Manufacturing PMI fall short of the 56.7 projections, with 55 and continued its downward trajectory from previous figure of 57.7. Data for United States Composite PMI was released today at 2:45 PM suggests a downwards trend with 50.8, while previous data was 57.

In terms of trend indicators, we can see that at 0.9148, USD/CHF made an initial breakout above 10 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that Dollar/Swiss's lower Bollinger band is at 0.9082, indicating further gains might be next. As the day reaches an end a chart visual study suggests the nearest resistance level is at 0.9272.

Overall, looking at the technical analysis landscape, it seems Dollar/Swiss might continue pointing upwards in the short term.

Dollar/Swiss shows positive signs, other assets are also on par: EUR/NZD traded above the significant 1.69 level for the first time in 5 months and a half. GBP/NZD rallied above 2.0222 for the first time in 1 year (gaining 1 pips). It later dropped, erasing today's gains, and is currently trading lower at 2.0139.

At the same time, EUR/AUD broke through the 1.5851 resistance.

The market is looking forward to the release of new data: projections for United States Consumer Confidence are set for a continuation of decline with 111.8 while previous data was 115.8; data will be released tomorrow at 3:00 PM.

Dollar/Swiss has decreased 0.01% this year. A study of Dollar/Swiss's past performance shows that it has been trading sideways for the past 2 months.

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Week to date

After ending Friday at 0.914, Dollar/Swiss climbs to 0.914 (up 12 pips) .

A good end to the trading week, USD/CHF is mostly flat this week, after ranging between 0.9159 and 0.9107 and is now at 0.914. (Start trading Dollar/Swiss at FXTM today).

This move comes while some more positive signs for Dollar/Swiss are out as United States Existing Home Sales published Thursday came out at 6.18 million, falling short of the 6.44 million projections and continuing its decline from the previous 6.48 million figure. United States Initial Jobless Claims published Thursday came out at 286,000, falling short of the 220,000 projections and continuing its decline from the previous 231,000 figure.

Nevertheless United States Crude Oil Inventories comes out at 515,000, above the estimate of -938,000. This is also a step forward from the previous data of -4.55 million. Data for United States Philadelphia Fed Manufacturing Index (Jan) released Thursday comes out at 23.2, beating projections of 20 and showing improvement over the preceding figure of 15.4. United States Building Permits beats expectations of 1.70 million with new data release of 1.87 million. This is also a step forward from the previous data of 1.72 million.

Outlook for rest of the week: The market is looking forward to the release of new data: Switzerland KOF Leading Indicators (Jan) is expected to come out at 106 when it's released Friday, this is a decline from the preceding data which was 107. United States GDP is projected to outperform its last figure with 5.4. It previously stood at 2.3; data will be released Thursday. United States Core Durable Goods Orders expected to decline to 0.4% while its preceding data was 0.8%, data will be available Thursday.