empty
InstaForex - Official partner of Dragon Racing
InstaForex - Official partner of Dragon Racing
This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.
Start as Beginner
How to start trading
Useful information
Training and recordings
InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.
Become Investor
PAMM System
ForexCopy System
Passive investments
Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.
Become Partner
Main Page
Partner Area
Advantages for Affiliates
Registration
This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.
All Promo Campaigns
Bonuses
Contests
Events
Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.
Full details
Forums
We are in social networks
Forex humour
Forex Portal
InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.
Learn More
History
Why Choose Us
InstaSport
Regulation
Company News
Awards
InstaForex Stars
InstaForex Offline
Headquarters
Key documents
Social Responsibility
28.02.2019 02:49 PM
Fundamental Analysis of EUR/CHF for February 28, 2019
Open trading account Open demo account

EURCHF was quite surprising today with an impulsive bearish pressure after series of corrective bullish momentum building up since the bounce of the 1.1150 area. CHF has been the dominant currency in the pair whereas having better economic reports recently while Eurozone struggles with the economic slowdown resulted in further CHF gains in the process.

Though EURO was quite optimistic ahead of economic reports published today, the actual result was a bit of a shock for the EURO buyers which resulted in the drastic fall against CHF. Today German Import Prices report was expected to increase to 0.2% but the actual result was published with -0.2%, French Prelim CPI was expected to increase to 0.4% but the actual result was published with 0.0% but French Consumer Spending showed a positive result with an increase to 1.2% which was expected to be at 1.1%.

Recently German Buba President Weidmann spoke about Eurozone's weakness where he stated that no interest rate increase should take place at least before summer. The growth rate of Euro is quite below the expectation and inflation development is currently going to be the main focus. As per Weidmann, temporary solutions can be applied but long-term sustainability is yet very much uncertain for Eurozone. According to ECB policymaker Villeroy, ECB should look at how to reduce the risks from negative interest rates. As per current situation, fluctuations in the interest rate can be quite risky but it will have its advantage in certain point but currently ECB is not quite convinced to work on the interest rate at least by the end of 2019.

On the CHF side, recently Credit Suisse Economic Expectation report was published with increase to -16.6 from the previous figure of -44.0 which impacted the growth of CHF quite positively and expected to lead to certain gains on the CHF in the process. Today CHF GDP report was unable to meet the expectation of 0.4% and was published with 0.2% while increasing from the previous value of -0.3% and KOF Economic Barometer was published with decrease to 92.4 from the previous figure of 96.2 which was expected to be at 95.2.

As of the current scenario, while Eurozone and CHF is struggling with the economic reports, ahead of Retail Sales report to be published tomorrow which is also expected to increase to 0.3% from the previous value of -0.3%, CHF expected to have greater probability to gain sustainability with the upcoming gains if the results come positive in the process.

Now let us look at the technical view. The price is currently residing at the edge of trend line support while breaking below 1.1350 support area with a daily close. Though the current candle has not closed yet but having such engulfing candle with tremendous bearish pressure in the building, further bearish momentum is expected in the coming days with target towards 1.1200-50 support area.

This image is no longer relevant

InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
All Analytics
Fundamental analysis
WTI – West Texas Intermediate. Prices Lack Support for Growth West Texas Intermediate (WTI) crude oil prices are attempting to attract buyers, but the market remains in a state of uncertainty. Concerns over President Trump's aggressive trade tariffs are putting
Irina Yanina
12:39 2025-03-31 +02:00
1450
Fundamental analysis
EUR/USD. Analysis and Forecast At the start of the new week during the Asian session, the EUR/USD pair attempted to attract buyers, but this was unsuccessful. The euro received support from easing concerns about
Irina Yanina
12:35 2025-03-31 +02:00
1240
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

WTI – West Texas Intermediate. Prices Lack Support for Growth

West Texas Intermediate (WTI) crude oil prices are attempting to attract buyers, but the market remains in a state of uncertainty. Concerns over President Trump's aggressive trade tariffs are putting
Irina Yanina 12:39 2025-03-31 UTC+2

EUR/USD. Analysis and Forecast

At the start of the new week during the Asian session, the EUR/USD pair attempted to attract buyers, but this was unsuccessful. The euro received support from easing concerns about
Irina Yanina 12:35 2025-03-31 UTC+2

US stock market runs into trouble

Rumors about mutual tariffs and another blow to consumer confidence triggered the second-worst sell-off of the S&P 500 this year. Investors are still holding piles of US stocks
Marek Petkovich 10:58 2025-03-31 UTC+2

EUR/USD. Hello, April: Eurozone Inflation Report, ISM Indices, and Nonfarm Payrolls

The first week of every month is the most informative for EUR/USD traders. The economic calendar traditionally includes a report on inflation growth in the eurozone, American ISM indices
Irina Manzenko 06:28 2025-03-31 UTC+2

GBP/USD Pair Overview – March 31: Nonfarm Payrolls, Trump, and Unemployment May Create New Problems for the Dollar

The GBP/USD currency pair continued to trade sideways near its highs on Friday. This sideways movement has persisted for several weeks, and the British pound has not managed even
Paolo Greco 06:24 2025-03-31 UTC+2

EUR/USD Pair Overview – March 31: A New Week of Trials for the Dollar

The EUR/USD currency pair rose again on Friday. As we can see, the correction against the upward trend of recent weeks ended very quickly. But that's no surprise, given that
Paolo Greco 06:24 2025-03-31 UTC+2

What to Pay Attention to on March 31? A Breakdown of Fundamental Events for Beginners

There are very few macroeconomic events scheduled for Monday. The only somewhat interesting reports will come from Germany. Retail sales and inflation data for March will be released. However, we'd
Paolo Greco 03:21 2025-03-31 UTC+2

AUD/USD: Analysis and Forecast

The AUD/USD pair continues its sideways consolidation, remaining within a familiar range near the key psychological level of 0.6300. This movement is driven by several factors impacting global market sentiment
Irina Yanina 11:16 2025-03-28 UTC+2

EUR/USD. Analysis and Forecast

Today, the EUR/USD pair is consolidating near the key psychological level of 1.0800, showing no intention of retreating below 1.0780 as traders and investors await the release of the U.S
Irina Yanina 10:45 2025-03-28 UTC+2

Markets at a Crossroads Ahead of Tariff Announcement by D. Trump (Possible Decline in CFD Contracts on #SPX and #NDX Futures)

Markets are now fully convinced that the U.S. President will follow through on his plans to implement severe customs tariffs aimed at closing the domestic market and, in doing
Pati Gani 10:39 2025-03-28 UTC+2

Top analytics

Relevance up to 05:00 UTC--4
EUR/USD. Analysis and Forecast
12:35 2025-03-31
Fundamental analysis
Relevance up to 23:00 UTC--4
GBP/USD Forecast for March 31, 2025
05:13 2025-03-31
Technical analysis
Relevance up to 23:00 UTC--4
EUR/USD Forecast for March 31, 2025
05:20 2025-03-31
Technical analysis
Relevance up to 23:00 UTC--4
USD/JPY Forecast for March 31, 2025
05:13 2025-03-31
Technical analysis
Relevance up to 05:00 UTC--4
Weekly Forecast Based on Simplified Wave Analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, #Bitcoin, and #Ripple – March 31
11:12 2025-03-31
Wave analysis
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.