Executive Summary The Dollar Has Broken Above Overhead Resistance Most central banks continue to dial up their hawkish rhetoric, led by the Fed. This is putting upward pressure on the dollar (Feature Chart). The big…
Dear client, In addition to this weekly report, we sent you a Special Report from our Geopolitical Strategy service, highlighting the risk from the Russo-Ukrainian conflict. Kind regards, Chester Executive Summary The Ukraine…
BCA Research’s Foreign Exchange Strategy service expects the Swiss franc to benefit in the very near term as volatility stays elevated. The CHF is as much driven by global dynamics as domestic actions by the SNB. With…
Highlights The Evergrande crisis is not China’s Lehman moment. Nonetheless, Chinese construction activity will decelerate further in response to this shock. Global equities are frothy enough that a weaker-than-expected Chinese…
According to BCA Research’s Foreign Exchange Strategy service, the Swiss National Bank welcomes the recent weakness in the franc , but technicals suggest a tactical rally in CHF is likely. The Swiss franc has been one of…
Highlights The Swiss economy will benefit from the pickup in global growth. The recent weakness in the franc has been a welcome development for the Swiss National Bank, but technicals suggest a coiled spring rally in CHF is likely.…
Highlights For the month of February, our trading model recommends shorting the US dollar versus the euro and Swiss franc. While we agree a barbell strategy makes sense, we would rather hold the yen and the Scandinavian currencies.…
Switzerland has been named a currency manipulator, yet, the SNB will persevere with its aggressive balance sheet policy because it has no choice. The Swiss economy remains under the threat of deflationary pressures, with…