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  • Swiss National Bank tightens monetary policy further and raises SNB policy rate to 0.5%

    From snb.ch Story is in PDF Format

    The SNB is tightening its monetary policy further and is raising the SNB policy rate by 0.75 percentage points to 0.5%. In doing so, it is countering the renewed rise in inflationary pressure and the spread of inflation to goods and services that have so far been less affected. It cannot be ruled out that further increases in the SNB policy rate will be necessary to ensure price stability over the medium term. To provide appropriate monetary conditions, the SNB is also willing to be active in the foreign exchange market as necessary. The SNB policy rate change applies from tomorrow, 23 September 2022. Moreover, the ... (full story)

Wow! .... The SNB went for a 75bp? ..... things are really serious in the fiat-market!
CHF died
  •  Guest
  • | IP XXX.XXX.55.73
your recovery wasnt in doubt, just that you will cause wahala to some traders
  •  Guest
  • | IP XXX.XXX.219.218
Had been bought in the rumors for a while. Selling on the news now.
this will increase demand on CHF

ignore this fake move on chf
  •  Guest
  • | IP XXXX:a636:78c4
Why is going down hahha
CHF works differently ))
  •  Guest
  • | IP XX.XX.3.255
does someone have an explanation on the downward movement despite the rise in interest rates ?) what other factors are to be taken into consideration ?
  •  Guest
  • | IP XX.XX.3.255
Is it purely from the fact that the forecast matched the actual so there was no real "positive surprise" ?
Quoting Guest
does someone have an explanation on the downward movement despite the rise in interest rates ?) what other factors are to be taken into consideration ?
raising the rates is never good for the currentie
  •  Guest
  • | IP XXXX:82d7:869a
JPY does not increase rate become strong; CHF increase rate become weak.....
CHF will be on the rise in the next 2-3 days
Quoting Guest
does someone have an explanation on the downward movement despite the rise in interest rates ?) what other factors are to be taken into consideration ?
Green is Red & Red is Green
Quoting Guest
does someone have an explanation on the downward movement despite the rise in interest rates ?) what other factors are to be taken into consideration ?
Cuz in short-term $1.02 is a magic number for EURCHF
Quoting Guest
does someone have an explanation on the downward movement despite the rise in interest rates ?) what other factors are to be taken into consideration ?
Don't try and second guess the market, central banks have their own agenda especially the Swiss National Bank. Just trade what you see. I gave up years ago trying to work out why things move when they do, and at the end of the day does it matter?
But, as a general rule, since the U.S. dollar is on the “other side” of 90% of all currency trades, U.S. economic releases tend to have the most pronounced impact on forex markets. Trading news is harder than it may sound.
Country: Currency
Japan: JPY
Switzerland: CHF
  •  Guest
  • | IP XXX.XXX.112.205
Oboy, a rise in USD rates makes USD stronger, but a rise in CHF rates makes CHF weaker???? Nah Wah oh.
  •  Guest
  • | IP XXXX:f7d3:47ec
Quoting rover99x
{quote} Don't try and second guess the market, central banks have their own agenda especially the Swiss National Bank. Just trade what you see. I gave up years ago trying to work out why things move when they do, and at the end of the day does it matter?
I agree with you, understading price movement, in the end, is the most reliable tool above anything.
But still, i m at this point where i d like to understand the fundamentals also, as i think it might offer a broader picture of economy/offer other hints about the future. But seing rate spikes in USA making USD stronger and the opposite effect on CHF makes me wonder if it's worth investing the time in analyzing, understanding and tracking markets changes according to financial news..or just stick to price movement, macd+rsi and sometimes volumes.
CHF becoming another JPY?
Quoting Guest
{quote} I agree with you, understading price movement, in the end, is the most reliable tool above anything. But still, i m at this point where i d like to understand the fundamentals also, as i think it might offer a broader picture of economy/offer other hints about the future. But seing rate spikes in USA making USD stronger and the opposite effect on CHF makes me wonder if it's worth investing the time in analyzing, understanding and tracking markets changes according to financial news..or just stick to price movement, macd+rsi and sometimes...
Key take aways
USD +0.75
CHF +0.50
Carry trade is activated
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