USDCHF: buy at 0.9770, target 0.9950

FX:USDCHF   U.S. Dollar / Swiss Franc
Chicago Federal Reserve Bank President Charles Evans said he "could be fine" with the Fed raising rates in December, but he wanted to see how the economy and inflation progressed before deciding. Indeed, he cautioned that it might be better to wait for inflation to rise closer to the Fed's 2% target before moving. Evans has repeatedly expressed concern on the U.S. central bank's preferred measure of inflation moving back to its target rate. It currently stands at 1.7%. Evans in his speech said any rise in inflation above the current target would be minimal in the current environment so "if it became necessary, policy wouldn't have to do much work to lower inflation expectations back down to 2%."
The Chicago Fed president does not have a vote this year on Fed policy but will become a voting member in 2017. Still, currently he does participate fully in deliberations.
Traders currently predict a roughly 70% probability that the U.S. central bank will raise rates at its December meeting. Investors are looking to Wednesday's release of minutes of the latest Federal Reserve Open Market Committee meeting and Janet Yellen’s speech on Friday to see how close the Fed was to hiking rates last month.
The dollar hit an 11-week high against a basket of major currencies on Tuesday . We have raised our USD/CHF             bid to 0.9770, near 14-day exponential moving average .
Source: - Daily Forex Signals
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out