Analytics

News, Trends, & Analytics 23.09.2021

Interest Rates from the UK and Switzerland

Today the focus is on the interest rates from BoE and SNB and on the US Initial Jobless Claims.

 

Calendar

07:30 UTC

The Swiss National Bank’s Monetary Policy Assessment and Interest Rate Decision. Forecast: -0.75%. Optimistic economic outlook may firm up CHF.

Assets to trade: USD/CHF, GBP/CHF, CHF/JPY


11:00 UTC

The Bank of England Interest Rate Decision. Forecast: 0.10%. Hawkish moves may solidify GBP.

Assets to trade: EUR/GBP, GBP/JPY, GBP/USD

 

News

OPEC has recently highlighted the impact of the gas crisis in the oil market. Affects Brent


Netflix announced it will acquire the Roald Dahl Story company. Affects Netflix


JP Morgan Chase is reported to have acquired and invested in around 30 companies this year. Affects JP Morgan Chase

 

Technical Analysis

USD/CHF

The US dollar has been rather firm against most of its peers lately. That’s especially visible on the chart of USD/CHF with a month-long uptrend from above 0.90 to 0.93.

Currently, USD/CHF slid but it appears to be a temporary downswing inside the larger context of its upward movement towards 0.93.

USD/JPY

USD/JPY is hovering above the support level of $109. It seems likely to move up to $110 in the near future.

JPMorgan Chase

This stock has descended below $160. Its latest bearish move suggests it may slide all the way to the support level of $150.

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