USD/CHF trading at multiyear lows
This week, historic price extremes can be seen in USD/CHF, EUR/CHF, and AUD/CHF. With no major data releases for Switzerland coming in the next few days, CHF future direction could depend on data from counterparts like the US – tastyfx client sentiment in USD/CHF is currently 88% long.
Extreme action in Swiss franc
USD/CHF is trading under 0.8800 for the first time since January 2021 - which only hit such lows for a few days. To see anything under 0.9000 before that, you would have to go all the way back to January 2015.
Finally, AUD/CHF is below 0.5900; the last time the pair closed lower was April 2020.
Later this week
Core Inflation Rate - US
Time: 8:30am ET Wednesday, July 12th
Previous: 5.3%
Expected: 5%
A 0.3% drop in core inflation is expected this month. How will USD/CHF be affected by a possible deviation from the forecast?
How to trade USD/CHF
- Open an account to get started, or practice on a demo account
- Choose your forex trading platform
- Open, monitor, and close positions on USD/CHF
Trading forex requires an account with a forex provider like tastyfx. USD/CHF can be found in tastyfx's platform under the 'Major' pairs tab. Many traders also watch major forex pairs like GBP/USD and USD/JPY for potential opportunities based on economic events such as inflation releases or interest rate decisions. Economic events can produce more volatility for forex pairs, which can mean greater potential profits and losses as risks can increase at these times.
You can help develop your forex trading strategies using resources like tastyfx’s Learn Center. Once your strategy is developed, you can follow the above steps to opening an account and getting started trading forex.
Your profit or loss is calculated according to your full position size. Leverage will magnify both your profits and losses. It’s important to manage your risks carefully as losses can exceed your deposit. Ensure you understand the risks and benefits associated with trading leveraged products before you start trading with them. Trade using money you’re comfortable losing.
This information has been prepared by tastyfx, a trading name of tastyfx LLC. This material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. You should not treat any opinion expressed in this material as a specific inducement to make any investment or follow any strategy, but only as an expression of opinion. This material does not consider your investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. No representation or warranty is given as to the accuracy or completeness of the above information. tastyfx accepts no responsibility for any use that may be made of these comments and for any consequences that result. See our Summary Conflicts Policy, available on our website.
