* 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 -
As voiced by a Swiss name earlier "another day, another verbal intervention on the weak level of the Franc". The comments from Friday from the SNB that further hikes may be needed are of little comfort to the Franc as it continues to be used as a funding tool against higher yielding units. Both USD/CHF and EUR/CHF have worked higher in European trading with recent range tops eyed by many as targets for further stabs higher.
A slew of US data again takes the stage to give USD/CHF its short-term momentum. The early run sees the Commerce Dept. release March personal income and consumption data. Economists expect a rise of 0.5% in both March income and spending. Following this, 13:00 GMT sees NY April NAPM released with Chicago PMI set for unveiling at 13:45 GMT. Against the Euro, the all-time highs in EUR/CHF at 1.6468 and the 1.6500 option barriers are eyed should the topside stay in focus but many remain wary over fresh Franc strength going forward as local markets await the latest batch of inflation data from the mountain economy.
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