USD/CHF juggles below 0.9950 as DXY steadies, Fed’s rate hike hopes strengthen
18.05.2022, 05:21

USD/CHF juggles below 0.9950 as DXY steadies, Fed’s rate hike hopes strengthen

  • USD/CHF is facing barricades at around 0.9950 despite Fed’s tightening bets raised.
  • The DXY has failed to capitalize on upbeat Retail Sales data.
  • This week, Swiss franc bulls will keep an eye on Industrial Production data.

The USD/CHF pair has witnessed a minor rebound after hitting a low of 0.9923 in the Asian session. A rangebound move observed in the asset from Tuesday post the greenback bulls found cushion around 0.9920 after a vertical fall. Considering the price action, the Swiss franc bulls are not done yet and the asset could tumble further to the psychological support of 0.9900.

The upbeat US Retail Sales, released on Tuesday, failed to provide any support to the asset. The US Census Bureau reported the monthly Retail Sales at 0.9% higher than the estimates of 0.7%.

The odds of more 50 basis points (bps) rate hike announcements by the Federal Reserve (Fed) are increasing each day. Fed chair Jerome Powell in his Q&A at Wall Street Journal (WSJ) has stated that inflationary pressures are impacting drastically on the paychecks of the households and inflation needs to be contained sooner. To bring down inflation significantly, the Fed needs to tighten the monetary policy further. The FX domain could witness more than two 50 bps interest rate hikes by the Fed in its next two monetary policy meetings.

On the Swiss franc front, the market participants are focusing on the release of the quarterly Industrial Production. The Swiss Statistics will reveal the Industrial Production later this week. The agency reported Industrial Production previously at 7.3%.

 

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik