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Message: [QUOTE="Zerologic, post: 240765, member: 126754"] [ATTACH type="full"]31209[/ATTACH] Trump's tariff concerns are the reason for the strengthening of the Swiss franc The USD/CHF pair yesterday drew a bearish candlestick with a long body and a shadow at the bottom of the candle. Price formed a high of 0.90728, a low of 0.89651, close at 0.90146. USDCHF moved to the downside breaking lower band line and bounced near MA 50. The dollar index (DXY) fell drawing a bearish indecision candle with a small body with shadows on the top and bottom of the candle falling from 107,810 to a low of 106,969 closing 107,328. Traders assess this as the impact of US President Donald Trump's tariff plans at the start of the week, US President Donald Trump on Sunday imposed sweeping countermeasures against Colombia, including tariffs and sanctions, after the South American country refused to allow two military planes carrying deported migrants to land. On the other hand, the prospect of high tariffs on goods from countries including China, Canada, Mexico and the Eurozone has sparked concerns about inflation, On the Swiss side, a very dovish monetary policy could weigh on the CHF. SNB Chairman Martin Schlegel said the SNB doesn't like negative interest rates but if it has to do it it will do it. On the other hand, tensions, geopolitical risks in the Middle East and the Russia-Ukraine conflict could increase safe-haven demand, which benefits CHF. Today's news is one of the focuses of SNB investors Chairman Schlegel Speaks in interview conducted by Swiss TV. Meanwhile, on the USD side, we are waiting for CB Consumer Confidence news which is expected to rise to 105.7 from the previous 104.7. [/QUOTE]

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