Franc is getting better. Forecast as of 30.08.2023

Expectations for a soft landing in the US economy and a pause in the SNB’s monetary tightening made investors go off the Swiss franc. However, at the end of the summer, the situation has changed. Let us discuss the Forex outlook and make up a USDCHF trading plan.

 Weekly Swiss franc fundamental forecast

Following six weeks of the continuous USDCHF rally, there seemed no chance that the downtrend would resume. Speculators have built up their highest net short franc position in five years. However, when the topic of a recession returns to the financial markets, it's time to turn to… Read full author’s opinion and review in blog of #LiteFinance