USD/CHF crossed 1.00 with strength on Thursday and clocked a two-month high in Asia. The risk reversals hit 7.5-week high, indicating falling demand for CHF calls (bullish bets). The USD/CHF closed above 1.00 on Thursday – its first daily close above the psychological mark since May 17. Further, the currency pair rose to 1.00346 in Asian session today – the highest level since May 15. The bullish move is accompanied by a falling demand for the CHF call options, risk reversals indicate. The USD/CHF one month 25 delta risk reversals (CHF1MRR) are being paid at 0.5 CHF calls vs 0.6 CHF calls seen on July 11 (weekly low) and 0.9 CHF calls seen on June 8. The drop in the implied volatility premium (drop in demand) for CHF calls indicates the options market is biased to the upside and adds credence to USD/CHF’s strong break above 1.00. CHF1MRR 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 China Textile and Apparel Council: Deeply concerned about escalating US-China trade friction FX Street 5 years USD/CHF crossed 1.00 with strength on Thursday and clocked a two-month high in Asia. The risk reversals hit 7.5-week high, indicating falling demand for CHF calls (bullish bets). The USD/CHF closed above 1.00 on Thursday - its first daily close above the psychological mark since May 17. Further, the currency pair rose to 1.00346 in Asian session today - the highest level since May 15. The bullish move is accompanied by a falling demand for the CHF call options, risk reversals indicate. The USD/CHF one month 25 delta risk reversals (CHF1MRR) are being paid at 0.5 CHF calls vs 0.6… 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.
