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More economic arguments for ECB stimulus continues to put pressure on the euro, while the Swiss franc benefited from big time late week geopolitical news.

The Euro

Overlay of EUR Pairs: 1-Hour Forex Chart
Overlay of EUR Pairs: 1-Hour Forex Chart

European Headlines and Economic data

Monday:

Tuesday:

Wednesday:

Thursday:

Friday:

The Swiss Franc

Overlay of CHF Pairs: 1-Hour Forex Chart
Overlay of CHF Pairs: 1-Hour Forex Chart

Swiss Headlines and Economic data

Tuesday:

Thursday:

  • Trump announces new tariffs on $300 billion in Chinese goods -this event set global financial markets into fear and uncertainty mode as traders were caught off guard given the earlier rhetoric in the week was that U.S.-China negotiations were ‘constructive.’ The Swiss franc drew in risk-off flows as it fell back into its usual “safe haven” role among the major currencies, rallying into the weekend and falling only to the Japanese yen.

Friday: