Short term view on CHF pairs - More CHF strength expected.
Swiss Franc/Japanese YenFXCM
Description
⋅ FX:USDCHF, FX:GBPCHF, FX:EURCHF, FX:CHFJPY
Geo-political tensions support CHF pairs.
Here is our latest analysis on the short term outlook of CHF pairs.
The franc continued to gain support during Thursday despite net gains in global equity markets.
Expectations of dovish policies from the Federal Reserve and ECB were important in underpinning the Swiss currency.
Geo-political tensions were also an important element providing Swiss support notably fears over increased tensions over Iran.
Good luck!