Should we keep an eye on the upside potential of the US dollar-Swiss franc pair, which is rebounding?
19.02.2024
- UK Lightmove House Prices
- Sweden Consumer Price Index
Last weekend, the U.S. dollar surged temporarily after the core U.S. Producer Price Index (PPI), released on the 16th, showed increases both year-over-year and month-over-month. The EUR/USD pair fell from 1.0779 to 1.0732. The dollar then lost momentum, and the EUR/USD pair rebounded to 1.0787.On the 4-hour chart, EUR/USD is trading just below the 75-period moving average (MA), while the higher-timeframe weekly chart shows two consecutive bullish candles with lower wicks.
European currencies saw the Swiss franc weaken against the U.S. dollar after Switzerland’s fourth-quarter industrial production, released last weekend, deteriorated from the previous reading of 2.0% to -0.4%. The USD/CHF pair rose from 0.8786 to 0.8839, marking its first daily bullish candle in three days.Technically, the USD/CHF pair has broken above the weekly 20-day moving average and is attempting to reach new highs, so we will be watching price movements closely heading into the latter half of the week.
Today’s economic indicators include Japanese machinery orders at 8:50, UK Rightmove house prices at 9:01, Thai real GDP at 11:30, the Swedish Consumer Price Index at 16:00, Israeli employment statistics at 20:00, and Canadian industrial production at 22:30. I intend to closely monitor the upside potential of the US dollar against the Swiss franc, which is currently rebounding.
Past Market Reports
20.04.2026
With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall
17.04.2026
Will the market wait and see how much further the U.S. dollar can rise against the yen?
16.04.2026
Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.
15.04.2026
Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar
14.04.2026
Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?
13.04.2026
Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures
10.04.2026
Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?
09.04.2026
Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?
08.04.2026
Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?
07.04.2026
Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran
