- Analytics
- News and Tools
- Market News
- EUR/CHF: Staying in favor of gradual upside; staying structurally long - Credit Agricole
EUR/CHF: Staying in favor of gradual upside; staying structurally long - Credit Agricole
eFXdata reports that Credit Agricole CIB Research discusses EUR/CHF outlook and maintains a bullish bias, expressing that via holding a long position targeting a move towards 1.15.
"EUR/CHF has been advancing of late hand in hand with outperforming EUR-denominated risk assets, a development that may continue going forward should it be indicative of an improving risk asset related capital flow situation. Historically speaking, the capital flow situation has been a strong driver of the cross, especially in an environment where policy differentials are unlikely to change materially,' CACIB notes.
"Last but not least, elevated speculative CHF long positioning suggests that position squaring related downside risk for the CHF stays high too. All of the above speaks in favour of further but gradual upside in the cross, which we stay long as a trade recommendation," CACIB adds.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
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.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
