USD/CHF headed towards 1.09-1.10 ?

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Following today’s SNB comments that there is no limit (they have officially lost control…crazy!!) to expanding it’s balance sheet, USD/CHF just crossed the 1 year downtrend in place since 1.0328.

If the currency pair closes the week above 0.9960, i suspect that we could move towards 1.09/1.10 in the following months !

So if you want to go shopping in NYC, hurry up !


usdchf-curncy-usd-chf-x-rate-2016-10-25-15-31-24

Source: Bloomberg, long-short.ch

Swiss stocks are underperforming European indices ! EUR/CHF slide to 1.08 is one of the reasons. The other is the weakness of … Nestlé which i find overvalued by the way.

smi-index-swiss-market-index-g-2016-10-25-14-13-58

Bloomberg, long-short.ch

#buythedips

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Safe trading,

Loïc Schmid

 

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