Analysts at ING think EUR/CHF could drift lower for at least two European political reasons: (1) it’s hard to argue that the stand-off between the Italian government and Brussels will be resolved anytime soon and (2) it’s highly unlikely that a solution to the Brexit negotiations will be found as early as this week. Key Quotes “On the other hand, despite a fairly muted week on the Swiss macro side, we see some upside risk on EUR/CHF to partly offset a more bearish outlook stemming from potential negative headlines on complicated negotiations between Switzerland and the EU for the market equivalence of Swiss stock exchange.” “As our economist Charlotte de Montpellier suggests, the chances of reaching an agreement is at stake and the Swiss financial system could run into difficulty should an agreement not be reached early next year. Messy European politics usually means a lower EUR/CHF – but with Switzerland caught up in the mess, stability around 1.13-1.14 looks the most likely outcome.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next German Chancellor Merkel: Will not stand for re-election as head of CDU party – Der Spiegel FX Street 4 years Analysts at ING think EUR/CHF could drift lower for at least two European political reasons: (1) it's hard to argue that the stand-off between the Italian government and Brussels will be resolved anytime soon and (2) it's highly unlikely that a solution to the Brexit negotiations will be found as early as this week. Key Quotes "On the other hand, despite a fairly muted week on the Swiss macro side, we see some upside risk on EUR/CHF to partly offset a more bearish outlook stemming from potential negative headlines on complicated negotiations between Switzerland and the EU for the market… 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.
