The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
After falling to the low at 0.9670 on August 13, USD/CHF has rallied to the 0.9800 area on Tuesday with EUR/CHF finding support below 1.0850.
Swiss sight deposits data released on Monday recorded a CHF3.8bn increase, the sharpest weekly rise since March 2017. The data indicated that the National Bank had been intervening to curb franc strength and probably stepped-up efforts as risk appetite deteriorated.
The tendency of central banks to loosen monetary policy will help to underpin risk conditions and limit demand for defensive currencies.
The Swiss franc will strengthen when global market fears intensify, especially if US-China trade relations worsen further. The ECB will also launch a fresh monetary-stimulus program in the September policy meeting.
European political concerns, such as tensions around the Italian government and on-going Brexit stresses, will provide support for the Swiss currency.
The National Bank is, however, expected to hold its own policy meeting a week after the ECB and is likely to repeat any ECB rate cut.
The recent bond-market extremes indicate that risk assets have been oversold and may partially recover.
President Trump took fright at the latest swoon on Wall Street, so his rhetoric is likely to be more supportive towards risk appetite in the short term.
Overall, near-term Swiss franc demand is likely to fade slightly amid the global economic issues.
*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.
Uz InstaSpot-ove analitičke preglede uvek ćete biti u toku sa tržišnim trendovima! Klijentima InstaSpot-a su dostupni mnogobrojni besplatni servisi za uspešno trgovanje.
