4 Global Market Updates- 3 October, 2022

In this article, we have covered the highlights of global market news about the EUR/CHF, AUD/USD, GBP/USD and USD/CNH.

EUR/CHF is expected to rise to 0.9000 – Credit Suisse

The Swiss National Bank (SNB) policy rate pricing in the present markets is subject to upside risks, according to economists at Credit Suisse. As a result, the EUR/CHF is likely to decline.

Upside dangers to the policy rate of the SNB. “We reduced our EUR/CHF goal for the end of the fourth quarter from 0.9400 to 0.9000 and think this view is invalidated above 0.9955,” (down from 1.0060 previously). The dangers of this perspective include a drop in international inflation rates and a considerable SNB rate hike cycle lag.

“We anticipate the SNB to keep raising rates, and we see upside potential for the present market’s policy rate profile. Currently, the SNB expects inflation to be 3.0% in 2022, 2.4% in 2023, and 1.7% in 2024. These estimates lead us to assume that the actual policy rate is still outside the restricted zone.

Read More...

fx trading 

 

Comments

Post a Comment

Popular posts from this blog

4 Global Market Updates- 6 February, 2023

  In this article, we have covered the highlights of global market news about the  EUR/USD,  AUD/USD , USD/CHF  and  GBP/USD . EUR/USD Price Analysis: The main support level is breached beyond 1.0760 During a slow Monday morning in Europe, bulls and bears compete to control the  EUR/USD  at 1.0800. The leading currency pair struggles to explain the latest Doji candlestick inside a three-day-old negative channel. However, a convergence of the 200-SMA, the bottom line of the indicated channel, and the 50% Fibonacci retracement level of the January-February gain, at 1.0760, limits the short-term downside of the pair. Bearish MACD signals also tempt EUR/USD sellers. Read More... EDGE-FOREX
Read more

4 Global Market Updates- 11 July, 2022

  In this article, we have covered the highlights of global market news about the  UK Conservative leadership, Fiscal policy, US Dollar , and Natural Gas . Candidates for the UK Conservative leadership present contrasting tax strategies. Jeremy Hunt, a candidate for the UK Conservative leadership, said on Monday that he wants to reduce all taxes. “I can decrease taxes within our present budgetary laws,” Hunt continued. While this is happening, several UK media sites claim that UK Finance Minister Nadhim Zahawi intends to impose 20 percent budget cutbacks across the board to pay for his proposed tax cuts. Zahawi ran for the position of prime minister after Boris Johnson. Read More... forex managed account services   #globalmarket #UK #USD #tax #naturalgas #dollar #forex #trading #trade #edgeforex
Read more

4 Global Market Updates- 22 July, 2022

  In this article, we have covered the highlights of global market news about the Price of Natural Gas, Dollar , Crude Oil Prices and  Gold Price . Futures for natural gas: Further increases seem to be unfavorable On Thursday, open interest in natural gas futures markets decreased by around 3.2 thousand contracts, which was the opposite of the previous increase when advanced prints from CME Group were included. After three days of daily increases, volume followed suit and decreased by roughly ten thousand contracts. Read More... forex factory   #leverage #fxtrading #foreignexchange #trading #forextrading #risk #forexnews #globalmarket #edgeforex
Read more