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The Euro

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

European Headlines and Economic data

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

No major news or economic updates from Switzerland this week, with exception to a speech by Swiss Nation Bank chief Thomas Jordan, but this was a volatility dud for Swiss franc pairs. As usual, counter currency influences were the main drivers for Swiss franc price action, especially the euro as seen below. It’s also likely that there is some continue underlying pressure that was sparked last week by commentary last week from the SNB that Swiss rates can be lowered further,  which is likely the reason why we saw the franc mostly under perform against the other safe haven currencies (USD and JPY).

Overlay of CHF/USD vs. EUR/USD: 1-Hour Forex Chart
Overlay of CHF/USD vs. EUR/USD: 1-Hour Forex Chart
Overlay of CHF/JPY vs. EUR/JPY: 1-Hour Forex Chart
Overlay of CHF/JPY vs. EUR/JPY: 1-Hour Forex Chart