As we know, Switzerland happens to be a highly developed country. It’s primarily associated with its powerful banking system. In 2017, the Swiss economy was estimated at $680b. Of course, this figure doesn’t seem so impressive compared to the US economy.
This European country’s principal source of income is rooted in tourism, the financial sector, and also the export of various luxury goods. The US economy is more diverse. These countries significantly differ from each other. You require considering this nuance when conducting your fundamental analysis.
Many people associate Switzerland with its powerful banking system. Nearly 1/3 of global private capital can be found in Swiss banks. So, the US dollar and Swiss franc appear to be the critical Forex market currencies and share a reserve status.
Switzerland’s primary financial institution is solely responsible for forming the national monetary policy. The Swiss franc is stable due to the bank’s effective strategy. However, the major bank is unable to affect CHF quotes directly. From time to time, the bank comes up with interventions to maintain the CHF rate. In general, the major bank has full control of CHF quotes. The watchdog’s principal concern is to please exporters.
The major bank can either strengthen CHF or depreciate it. Not so long ago, the value of this currency was considered overpriced. It was a bad thing for the country’s exporters because their products were costlier than what their rivals offered.
USD appears to be the dominant currency of the international financial market. The vast majority of currency pairs come with the American dollar. As for the name of the money, it descends from the German “thaler.” It stands for a coin widely employed in the Middle Ages. Thus, the first settlers from Holland dubbed all kinds of silver money.
The Federal Reserve issues the US dollar. The given financial institution executes the duties of the Central Bank in the USA. It’s solely responsible for making all the major decisions as to US monetary policy. At its meetings, the Fed can change the discount rate as well as other elements having to do with the world of finance.
It’s a highly volatile currency pair, most actively traded during the American and European sessions. The Swiss franc is closely connected with the common currency. So, the release of essential news on EUR may impact CHF quotes. Swift movements of CHF may also occur at the American session.
To make money on USD/CHF, you require carefully analyzing the current market situation. Monitor news influencing the rate of this asset. Follow the meetings of the major banks of these two countries. Don’t neglect the latest data on key macroeconomic indicators.
Utilize technical analysis to spot the best entry point to the market. Besides this, you’d better take advantage of pending Stop Loss as well as Take Profit orders. They are useful when it comes to time, making a profit, and protecting your deposit from excessive losses.
|AUD/CAD||Course Australian Dollar to Canadian Dollar||3.8||0.9234|
|AUD/CHF||Course Australian Dollar to Swiss Franc||3.7||0.68988|
|AUD/JPY||Course Australian Dollar to Japanese Yen||29.8||85.609|
|AUD/NZD||Course Australian Dollar to New Zealand Dollar||3.2||1.04449|
|AUD/USD||Course Australian Dollar to US Dollar||2.7||0.74737|
|CAD/CHF||Course Canadian dollar to Swiss franc||3.9||0.74695|
|CAD/JPY||Course Canadian dollar to Japanese yen||3||92.69|
|CHF/JPY||Course Swiss Franc to Japanese Yen||4||124.068|
|EUR/AUD||Course Euro to Australian Dollar||3.3||1.5559|
|EUR/CAD||Course Euro to Canadian Dollar||3.4||1.43695|
|EUR/CHF||Course Euro to Swiss Franc||3||1.07356|
|EUR/DKK||Course Euro to Danish Krone||5.2||7.44015|
|EUR/GBP||Course Euro to British Pound||2.8||0.84322|
|EUR/JPY||Course Euro to Japanese Yen||3.4||133.219|
|EUR/MXN||Course Euro to Mexican Peso||37||23.532|
|EUR/NOK||Course Euro to Norwegian Krone||40||9.70973|
|EUR/NZD||Course Euro to New Zealand Dollar||7||1.62532|
|EUR/PLN||Course Euro to Polish Zloty||25||4.58485|
|EUR/RUB||Course Euro to Ruble||73.3||82.4767|
|EUR/SEK||Course Euro to Swedish Krona||37||10.0344|
|EUR/TRY||Course Euro to Turkish Lira||12.5||10.8156|
|EUR/USD||Course Euro to US Dollar||2.5||1.16303|
|EUR/ZAR||Course Euro to South African Rand||5.5||16.8814|
|GBP/AUD||Course British Pound to Australian Dollar||5.9||1.84491|
|GBP/CAD||Course British Pound to Canadian Dollar||6.8||1.70386|