- Swiss Franc Advantages to safe-haven Progress
- Investors changing Bullish on CHF even with SNB Interference
Swiss Franc Advantages to safe-haven progress
The Swiss Franc trades at 2-year high contrary to the Euro with EUR/CHF hanging around 1.0830 as safe-haven progress tends to dominate. The increasing concern of a no-deal Brexit, with the small improvement made on the trade war front between the US and China, has experienced the safe-haven Swiss Franc benefit. Still, ECB seeking to uncover a new QE package at the September meeting, risks continue to be slanted to the drawback for EUR/CHF with a targeted step over the 1.05-1.06 area.
Investors changing Bullish on CHF even with SNB Interference
The current CFTC report confirmed that Investors are starting to change bullish on the Swiss Franc without right longs repeating to 14,235 contracts from 7,925 contracts. Thus, CHF net shorts are at the bottom stage since the back-end of 2017, and this action shows that investors are positively checking the important SNB who have sustained to intrude in arising the appreciation in CHF since the 1.10 collapse.