CHF Trade Signals

* Optimal weighting for first target is 80%. When Target price is achieved set remainder with a stop at break even. Trailing stops can improve the performance of this strategy as well.

CHF Commentary -Trading in the pair saw offers into 1.2150 capped spot into European action with EUR/CHF trading once more injecting short-term volatility. Bids into 1.2125 propped for a while before hawkish Roth rhetoric forced spot lower with 1.2116 printing amid the latest stabs lower. The SNB head implied that the central bank will need additional rate hikes should the Swiss Franc remain low across the board while on inflation he also kept a "vigilant" tone. The comments sparked a slight CHF fight-back, following the G7 avoidance of both the weak Yen and CHF, and EUR/CHF was forced back towards 1.6425 support.

Looking ahead, the focus will turn to the 12:30 GMT release of the April Empire State data and the latest (March) retail sales numbers. Following this Plosser is to speak with Capital Inflow data set for unveiling at 13:00 GMT. Completing the early risk-profile is the 13:45 GMT speech by the Fed"s Fisher. Elsewhere, standing supply in [GBP/CHF] into 2.4155/60 was absorbed amid the early European Sterling strength. However, with the cross consolidating the move higher dealers noted key technical resist. into 2.4190/4200.