Morgan Stanley remain bullish on CHF over coming weeks

via the folks at eFX.

bank trade ideas,
out eFX Plus
For a limited time, get a 7 day free trial, basic for $79 per month
and premium at $109 per month.
it here

  • Morgan Stanley Research discusses CHF outlook and maintains a tactical bullish bias over the coming weeks.
  • “We remain bullish on CHF and long CHF/NOK. We think fundamental factors continue to point to further CHF strength as long as the SNB persists with its preference for a stronger currency to curb imported inflation. Euro area growth expectations – a key driver of EUR/CHF – continue to deteriorate as Russian gas flows are getting further reduced, and recessionary concerns are rising, pointing to inflows for safe-haven currencies like CHF,” MS notes.
  • “Short positioning in EUR/CHF is again at stretched levels, which may again warrant some near-term consolidation. Over time though, we continue to see the cross moving lower to 0.95. USD/CHF should remain driven by the broader USD trend,” MS adds.

Articles You May Like

Oil prices extend losses on demand worries
Crazy Swing Trading Strategy for Stocks, Crypto, Forex 😲 #shorts
Forex trading strategy on Quotex | BEST video about FOREX you must watch before choosing your broker
AMD beats on earnings and revenue, but third-quarter forecast comes in light
Is the economy in a recession? ‘What you call it is less relevant,’ says one economist: Here’s ‘what really matters’

Leave a Reply

Your email address will not be published.