Swiss Franc Commentary for 8-Jun-11

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Swiss Franc Commentary provided by GCI Financial Ltd:
Tables & Charts

The Swiss franc depreciated vis-à-vis the U.S. dollar today as the greenback tested offers around the CHF 1.0805 level and was supported around the CHF 1.0670 level. Swiss National Bank and Swiss regulators announced new regulations today that mandate UBS and Credit Suisse to hold larger amounts of reserves to defend against crisis scenarios. Data released in Switzerland today saw the March trade balance expand to CHF 2.01 billion from the prior reading of CHF 1.29 billion while the April ZEW expectations survey fell back to 53.4 from 53.8....continued 

Swiss Franc Focus
 
Day's Change 52-Week High 52-Week Low

Instrument

Current

 Points % Date Value Date Value
Exchange Rates

8-Jun-11
AUD/CHF This marker indicates the current chart. 0.8893 -0.0025 -0.28% 1-Nov-10 0.9889 16-Mar-11 0.8807
CAD/CHF This marker indicates the current chart. 0.8535 -0.0017 -0.20% 11-Jun-10 1.1126 6-Jun-11 0.8524
CHF/JPY This marker indicates the current chart. 95.5045 -0.0717 -0.08% 3-Jun-11 96.3061 8-Jun-10 79.2212
EUR/CHF Fwd-1 Yr This marker indicates the current chart. 199.0000 0.0000 0.00% 4-May-11 209.0000 31-Aug-10 81.0000
GBP/CHF This marker indicates the current chart. 1.3697 -0.0034 -0.25% 14-Jun-10 1.6831 6-Jun-11 1.3645
USD/CHF This marker indicates the current chart. 0.8361 -0.0004 -0.05% 8-Jun-10 1.1528 3-Jun-11 0.8335
USD/CHF Fwd-1 Yr This marker indicates the current chart. -28.2000 0.0000 0.00% 15-Apr-11 -15.0000 8-Jun-10 -142.0000
EUR/CHF This marker indicates the current chart. 1.2256 -0.0001 -0.01% 15-Jun-10 1.3942 1-Jun-11 1.2100
 
Indices

8-Jun-11
NASDAQ This marker indicates the current chart. 2,701.56 -1.00 -0.04% 29-Apr-11 2,873.54 2-Jul-10 2,091.79
S&P 500 This marker indicates the current chart. 1,284.94 -1.23 -0.10% 29-Apr-11 1,363.61 2-Jul-10 1,022.58
 

source: DTN Market Access

part 1...Dealers continue to cite talk that Swiss National Bank may be intervening by bidding the euro/ franc cross higher. U.S. dollar offers are cited around the CHF 1.0920 level. The euro moved lower vis-à-vis the Swiss franc as the single currency tested bids around the CHF 1.4320 level while the British pound moved higher vis-à-vis the Swiss franc and tested offers around the CHF 1.6580 level.

SUPPORT   RESISTANCE

 
L1.       1.0405 1.0830
L2.       1.0290 1.0940
L3.       1.0040 1.1045

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