What is the outlook for CHF in the near-term? Here is their view, courtesy of eFXdata: Credit Agricole CIB Research discusses CHF outlook and sees a scope for a stabilizing phase in the near-term. “With speculative positioning now closer to balanced territory, there is now less room for position squaring-related downside from here. While we stay bearish on the currency, downside from here will prove more gradual. This makes sense, as fresh selling interest may be needed as for instance driven by more progress on the Covid-19 front and subsequently further rising risk appetite,” CACIB notes. “When it comes to monetary policy, no change is expected anytime soon as confirmed by the SNB last week,” CACIB adds. For lots more FX trades from major banks, sign up to eFXplusBy signing up for eFXplus via the link above, you are directly supporting Forex Crunch. Kenny Fisher Kenny Fisher Kenny Fisher - Senior Writer A native of Toronto, Canada, Kenneth worked for seven years in the marketing and trading departments at Bendix, a foreign exchange company in Toronto. Kenneth is also a lawyer, and has extensive experience as an editor and writer. Kenny's Google Profile View All Post By Kenny Fisher Daily Look share Read Next Gold Price Analysis: Steepening US real yield curve to drag down XAU/USD to $1600 – CE FX Street 2 years What is the outlook for CHF in the near-term? Here is their view, courtesy of eFXdata: Credit Agricole CIB Research discusses CHF outlook and sees a scope for a stabilizing phase in the near-term. "With speculative positioning now closer to balanced territory, there is now less room for position squaring-related downside from here. While we stay bearish on the currency, downside from here will prove more gradual. This makes sense, as fresh selling interest may be needed as for instance driven by more progress on the Covid-19 front and subsequently further rising risk appetite," CACIB notes. "When it comes to… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
