USD/CHF is currently trading at 1.0199 between a range of 1.0169 and 1.0204. USD/CHF looks to cues from trade wars and the continent while Swiss trade activity has continued to improve despite a strong Swiss franc. Trade activity has become more volatile over the last six months as trade tensions took centre stage, but overall, activity has continued to improve despite a strong Swiss franc although it will be interesting to see how trade tensions impact the region while, for now, the trade surplus is continuing to narrow due to the faster increase in imports. exports rising 1.1% m/m (nominal, seasonally adjusted) to CHF 18.9 billion, thanks to a bounce back in demand from Asian countries (+9.3% m/m). US/China trade wars offer safe havens a boost Elsewhere, all eyes on Sino / US trade. A memorandum of understanding remains the key aim that both countries want but US Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin and other senior officials are laying hard ball on Beijing. Here are the key points, courtesy of Reuters: Chinese Foreign Ministry spokesman Geng Shuang told a briefing on Wednesday that working out disagreements over trade was a “process of negotiation” and that China was not “avoiding problems”. The Chinese reversal may give China hawks in the Trump administration, including Lighthizer, an opening to take a harder stance. Trump’s tweets left no room for backing down, and Lighthizer made it clear that, despite continuing talks, “come Friday, there will be tariffs in place.” The administration said the latest tariff escalation would take effect at 12:01 a.m. Friday (0401 GMT), hiking levees on Chinese products such as internet modems and routers, printed circuit boards, vacuum cleaners and furniture. Meanwhile China’s Vice Premier Liu He is scheduled to arrive in the States this week and risk hopes that a 60-day postponement of US tariffs of 25% on USD 200 billion of US imports from China will be agreed if all goes well, giving sufficient time to develop a detailed roadmap including key deadlines for resolving remaining issues (i.e. technology transfer and industrial subsidies). In such an outcome, safe havens such as the Swissy could get a knock. The next big data event ahead is US CPI “We look for headline CPI to pick up two tenths to 2.1% in April on the back of a strong 0.4% monthly increase. The main driver behind the gain is another sizable jump in gasoline prices (+10.2%). We anticipate core CPI inflation to register another 0.2% m/m gain (2.1% y/y), as a firm increase in core services prices will likely offset another decline in core goods prices,” analysts at TD Securities explained. USD/CHF levels USD/CHF is holding tight within bullish territory above the April 18th high at 1.0159. Analysts at Commerzbank explained that above 1.0240 lies the 1.0295/January 2015 high and the 1.0343 December 2016 peak: “This represents a very tough resistance band for the market – this has provoked failure for 5 years. We note the 13 count on the weekly chart and would expect the resistance to hold again. We saw two rejections from just ahead of 1.0215 at the end of last week and our attention is on the downside. There is scope for the 55 day ma at 1.0056. This guards the 200-day ma at 0.9945.” 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 EUR/USD loses traction, slumps to session lows below 1.12 FX Street 3 years USD/CHF is currently trading at 1.0199 between a range of 1.0169 and 1.0204. USD/CHF looks to cues from trade wars and the continent while Swiss trade activity has continued to improve despite a strong Swiss franc. Trade activity has become more volatile over the last six months as trade tensions took centre stage, but overall, activity has continued to improve despite a strong Swiss franc although it will be interesting to see how trade tensions impact the region while, for now, the trade surplus is continuing to narrow due to the faster increase in imports. exports rising 1.1% m/m… Top 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.