GBPCHF - Waiting SNB Interest Rate Decision
In some minutes the market will know the decision from SNB.
It's widely expected that SNB may cut rates by 25 bps
Expected 1% vs 1.25% Previous month
We have seen many times that SNB's Governor doesn't like the situation of the current interest rates and probably they will continue to cut the rates also this time.
SNB is a strong economy and their inflation is already under control and taking in consideration also the actions take by other major economies the odds are higher that they may cut rates.
The bullish pattern we have on GBPCHF is showing for a bullish move indicating CHF weakness in the short term.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
In some minutes the market will know the decision from SNB.
It's widely expected that SNB may cut rates by 25 bps
Expected 1% vs 1.25% Previous month
We have seen many times that SNB's Governor doesn't like the situation of the current interest rates and probably they will continue to cut the rates also this time.
SNB is a strong economy and their inflation is already under control and taking in consideration also the actions take by other major economies the odds are higher that they may cut rates.
The bullish pattern we have on GBPCHF is showing for a bullish move indicating CHF weakness in the short term.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Note
🚨SNB lowers Sight Deposit Rate by 25 bps to 1.0%, as expected🇨🇭08:30 CHF SNB Interest Rate Decision ♦️
Actual 1% vs 1.25% Previous IR
✅Indeed we should have seen a bullish move across all XXXCHF pairs after the rate cut but as it seems SNB is still holding the price under control and literally it sucks.
However let's see what happens during the press conference in 20 min.
⚠️For all of you that don't know during the last two years SNB and BOJ were two of the banks that manipulated their currency strength as they wanted and benefited according to their plans.
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.