Our free forex signals USD/CHF set-up shows the pair is on the march, even as Fed chairman Jerome Powell reaffirms the US central bank’s dovish posture. The US dollar is stronger against all major economies, and the safe haven Swiss Franc is proving to be no exception to that. Dollar Index spot is trading at 91.74, down marginally at 0.2%. In the statement released before his testimony to the House committee, the Fed made it clear that employment was their key concern and the “diversity” of the bounce back in the economy in terms of narrowing inequalities. Equities took the Powell testimony as a positive, with stocks rising yesterday. Get FREE Forex Signals Now! Powell stated his testimony that the Fed would be waiting to see if the data on inflation indicates that inflation might be becoming sticky than anticipated, but that there was no sign as yet that the price rises are anything other than transitory. Powell: “We will not raise rates pre-emptively” “We will not raise interest rates pre-emptively because we think employment is too high [or]because we fear the possible onset of inflation. Instead, we will wait for actual evidence of actual inflation or other imbalances,” Powell said. Exactly what that evidence needs to look like for the Fed to change tack to a more hawkish stance is not clear, but CPI in the US is already running at an elevated level of 4.0%. Regarding the economic calendar, preliminary manufacturing and services PMI will be closely watched this week to gauge how the economy is performing. Markets have also been calmed on the interest rate front by reassurance from John Williams, the president of the New York Fed. He said on Monday that the data had not “progressed” to the extent where it would require a change in monetary policy by the Fed. Those comments were in stark contrast to the musing of James Bullard, the president of the St Louis Fed, which seemed to take a more hawkish approach, or at least that’s how they were interpreted by the markets. Bullard said that he thought it might be warranted for interest rates to start to tick higher next year. The FOMC has said that policy will not change on rates until end 2023 at the earliest. Now let’s get to the signal – details below: Free forex signals USD/CHF – BUY-STOP Instrument: USD/CHF Order: BUY STOP Entry price: 0.9215 Stop Loss: 0.9162 TP1: 0.9294 Recommended Risk: 1% Risk / Reward Ratio: 1:1.5 Signal validity period: Good until cancelled Get Free Forex Signals – 82% Win Rate! Get FREE Forex Signals Now! 3 Free Forex Every Week – Full Technical Analysis Gary McFarlane Gary McFarlane Gary was the production editor for 15 years at highly regarded UK investment magazine Money Observer. He covered subjects as diverse as social trading and fixed income exchange traded funds. Gary initiated coverage of bitcoin and cryptocurrencies at Money Observer and for three years to July 2020 was the cryptocurrency analyst at the UKâ€™s No. 2 investment platform Interactive Investor. In that role he provided expert commentary to a diverse number of newspapers, and other media outlets, including the Daily Telegraph, Evening Standard and the Sun. Gary has also written widely on cryptocurrencies for various industry publications, such as Coin Desk and The FinTech Times, City AM, Ethereum World News, and InsideBitcoins. Gary is the winner of Cryptocurrency Writer of the Year in the 2018 ADVFN International Awards. View All Post By Gary McFarlane Forex Trading Signals share Read Next Bitcoin Price Prediction: BTC Buy Signals Flashing, Can Uptrend Sustain $40,000? John Isige 1 year Our free forex signals USD/CHF set-up shows the pair is on the march, even as Fed chairman Jerome Powell reaffirms the US central bank's dovish posture. The US dollar is stronger against all major economies, and the safe haven Swiss Franc is proving to be no exception to that. Dollar Index spot is trading at 91.74, down marginally at 0.2%. In the statement released before his testimony to the House committee, the Fed made it clear that employment was their key concern and the "diversity" of the bounce back in the economy in terms of narrowing inequalities. Equities took… 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.