EUR/CHF Fundamental Analysis January 30, 2015 – Forecast

Analysis and Recommendations:

The EUR/CHF gained an amazing 187 points to trade at 1.0404 as the euro seemed to search for a new trading range now that all the major market data for the month has been released. The euro continues to gain momentum as traders evaluate the effects of the ECB new stimulus package on the currency.  For the past seven sessions, the franc has been declining steadily across the board. From the strongest daily close after the SNB action, the dollar has corrected 7.34%, pound 7.14% and yen 7.10%, as of Thursday’s weakest point. The correction against euro was just 5.6%.

The franc is still holding much of its strength versus majors, and with the highest margin against the euro. At its weakest on Thursday, the Swiss franc stood 10.21% up against the dollar, 10.86% against Sterling and 10.81% versus the yen.

Against the euro, the Swiss currency is still 14.84% stronger from where it had closed a day before the SNB action.

FxEmpire provides in-depth analysis for each currency and commodity we review. Fundamental analysis is provided in three components. We provide a detailed monthly analysis and forecast at the beginning of each month. Then we provide more up to the data analysis and information in our weekly reports.

Today’s economic releases actual vs. forecast:

 

Upcoming Economic Events that you should be monitoring:

Friday, January 30^th

Government Bond Auctions

Date                Country Auction

Feb 02                  Norway Details bond auction on 4 Feb

Feb 04                  Norway Holds bond auction

Feb 04                  UK Auctions I/L Gilt

Feb 04                  US Announces 3/10 year Notes, plus 30-yr Bond

Feb 04                  Sweden Details bond auction on 11 Feb

Feb 05                  Spain Auctions   

Feb 05                  France Auctions OATs