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75 basis points rate hike is rampant, USD/CHF continues to rise
2022-06-15
67473
Fundamental analysis:
Investors sharply raised bets that the Federal Reserve will raise interest rates by 75 basis points instead of 50 basis points on Wednesday, a change in expectations that exacerbated a violent sell-off in global markets. The probability of the Fed raising interest rates by 75 basis points at its June meeting jumped to 90.7% on Tuesday from just 3.9% a week earlier, CME's Fedwatch tool showed. The odds of a 50bps rate hike have plummeted to 9.3% from 100% a week ago
USD/CHF daily chart:
Technical analysis: The daily moving averages are in a bullish arrangement, the exchange rate continues to rise slightly, the MACD is running near the 0-axis and the volume is slightly heavy on the 0-axis of volume and energy, and the RSI is rising rapidly. It is expected that the exchange rate will rise further in the short term.
Long-short turning point: 0.9870
Suppression bit: 1.0000 1.0150
Support: 0.9730 0.9600
Trading strategy: bullish above 0.9870, target 1.0000, 1.0150
Alternative strategy: bearish below 0.9870, target 0.9730, 0.9600
The above analysis is a personal opinion and is for reference only.
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
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