The franc is trading with no clear direction after the move lower in USDCHF was firmly halted at the 100 DMA at 0.8918. Some fresh tariff volatility last night as Trump looked to have delayed the Mexico/Canada tariffs on 4th March (although it was not wholly clear), whilst also sending the euro lower as he spoke about 25% tariffs on the Eurozone auto industry. EURCHF followed in sync, trading down towards 0.9370 but is trading very bid as we start the London session today, keeping things unclear in the franc. A big move lower in US yields too, perhaps disappointing for the dollar bears out there given we are struggling to get the next move lower in the DXY and down through 106.20. I remain neutral on CHF but have sympathy for a lower USDCHF if the yield gap with the US continues to close. Flow remains mixed in the HF and RM world; however, systematics continue to add to longs, back to buying CHF again (three-day streak so far).
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tradingview.com/v/yDFPnb1J/
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thedailyfx.com/performance/
3. We provide Free TradingView Premium and Essential Membership.
tradingview.com/v/yDFPnb1J/
2. Signal Performance:
thedailyfx.com/performance/
3. We provide Free TradingView Premium and Essential Membership.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.