SaxoTV

Faraday: USD looking strong against CHF

467 views
January 04, 2016 Fed, buying, chf, currencies, currency, faraday, faraday research, federal, forex, franc, fx, hike, market, monetary, pair, policy, rate, research, reserve, saxo, saxo bank, saxo bank group, saxo bank saxo tv, saxo bank trading, saxo bank trading floor, saxo bank tradingfloor.com, saxo capital markets, saxo traders, saxo tv, saxo tv saxo bank, saxo tv trades, saxo tv trading floor, saxo tv tradingfloor, saxo tv tradingfloor.com, saxobank, saxobank.com, saxotrader, saxotradergo, saxotv, strong, swiss, trade, trade idea, trade view, trader, traders, trades, trading, tradingfloor, tradingfloor saxo bank, tradingfloor.com, tradingfloor.com saxo tv, tradingfloorcom, us, us dollar, usd
Thomas Light from Faraday Research believes 2016 will be dominated by how fast the US Federal Reserve will tighten their monetary policy. This puts the US dollar in a position of strength, particularly against the negative yielding Swiss franc, Light says.

Looking at the charts, Light says there are several bullish signs indicating that the US dollar could go higher. He also expects volatility to increase as prices start to trend higher again.

Light is looking to buy the pair and will place his stop below Thursday's low at 0.9863. His target for the trade is 1.0250.