empty
23.01.2025 01:26 PM
USD/CHF. Analysis and Forecast

This image is no longer relevant

The USD/CHF pair continues to trade within a narrow range, attempting to capitalize on a modest rebound from the 0.9030 level, which marks a two-week low. Currently, spot prices are hovering around 0.9060, with little change on the day, indicating restrained market activity, particularly for the US dollar.

This image is no longer relevant

The US Dollar Index (DXY), which measures the dollar's performance against a basket of currencies, is also struggling to sustain its rebound from yesterday's monthly low.

This image is no longer relevant

Expectations that the Federal Reserve may cut interest rates twice this year are weighing on the dollar. However, the rise in US Treasury yields is providing some support to the greenback, which, in turn, supports the USD/CHF pair.On the other hand, comments from Swiss National Bank (SNB) Chairman Martin Schlegel hinting at the possibility of introducing negative interest rates continue to pressure the Swiss franc (CHF). Additionally, the bullish trend in equity markets is weakening demand for safe-haven assets like the CHF, limiting the potential for significant declines in the USD/CHF pair.

Traders appear to be adopting a wait-and-see approach ahead of US President Donald Trump's speech at the World Economic Forum, where important announcements regarding tariffs may be made. This could trigger volatility in global financial markets and impact the USD's performance, influencing the USD/CHF pair and providing new trading opportunities.

Today, attention will also focus on the US weekly initial jobless claims data, scheduled for release during the early North American session. However, the current fundamental backdrop suggests caution before taking positions to continue the recent pullback from the 0.9200 level, which is the highest level since May 2024, reached earlier this month.

From a technical perspective, oscillators on the daily chart remain in positive territory, preventing the pair from experiencing deeper losses.

Irina Yanina,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Irina Yanina
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

USD/CAD – Analysis and Forecast

Today, USD/CAD extended its gains for the fourth consecutive day, supported by steady buying interest in the U.S. dollar. Additionally, a slight decline in crude oil prices is weighing

Irina Yanina 18:04 2025-07-29 UTC+2

XAU/USD – Analysis and Forecast

Over the weekend, a trade agreement was reached between the United States and the European Union, which added to the optimism sparked by the recent U.S.–Japan deal and eased fears

Irina Yanina 17:59 2025-07-29 UTC+2

FOMC Meeting Comes into Focus (Potential for Continued Decline in EUR/USD and GBP/USD)

While market participants continue to assess the real prospects of a U.S. "takeover" of Europe and its economy, believing that any certainty is better than none, attention is shifting toward

Pati Gani 10:44 2025-07-29 UTC+2

Why EUR drops sharply?

The euro plunged by more than 1% after the EU and the US reached a trade agreement, one that, apparently, not everyone agrees with. European leaders are divided. Some supported

Jakub Novak 10:34 2025-07-29 UTC+2

The Market Is Losing Its Risk Premium

The devil is in the details. The muted reaction of the S&P 500 to arguably Donald Trump's most monumental trade deal speaks volumes. Some believe the market had anticipated

Marek Petkovich 09:26 2025-07-29 UTC+2

What to Pay Attention to on July 29? A Breakdown of Fundamental Events for Beginners

There are, frankly, very few macroeconomic reports scheduled for Tuesday, and traders' minds are not focused on counting the number of job openings in the U.S. On Monday, Donald Trump

Paolo Greco 07:13 2025-07-29 UTC+2

GBP/USD Overview – July 29: The U.S. Dollar Finally Starts to Trust Trump

The GBP/USD currency pair continued to decline on Monday. The British pound began its downward movement last week, and at that time, we concluded that purely technical factors were behind

Paolo Greco 03:44 2025-07-29 UTC+2

EUR/USD Overview – July 29: A Complete Failure for the European Union

On the 4-hour timeframe, the EUR/USD currency pair sharply reversed downward on Monday and posted a strong decline. In our opinion, this move is quite significant and telling. Let's examine

Paolo Greco 03:44 2025-07-29 UTC+2

EU–US Trade Deal. Part 2

On Monday, I got the impression that very few people in Europe knew what concessions von der Leyen was about to make. The American side of the negotiation was likely

Chin Zhao 00:45 2025-07-29 UTC+2

EU–US Trade Deal. Part 1

Four days before August 1 — the final deadline for the negotiations — the European Union and the United States announced the signing of a trade agreement. This deal

Chin Zhao 00:45 2025-07-29 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.