The Swiss National Bank surprised with a 50bp hike at yesterday’s monetary policy meeting and sent an important message to the market: the SNB is now shifting its focus to fight inflation, and partially abandon its battle to soften the Swiss franc. The franc soared raising the question of whether the Swiss franc is again a good candidate for safe haven appreciation. Elsewhere, stock markets were battered on Thursday, as the soft US data in the wake of a 75bp hike from the Federal Reserve (Fed) fueled the recession fears and triggered a heavy risk selloff. The barrel of US rebounded aggressively after hitting the $112 per barrel yesterday, as the oil bulls came back with a revenge, and the dollar weakness didn’t last long. This morning, the USD is firmer against major, and a further downside correction may not be on the cards in the short run. Watch the full episode to find out more! 0:00 Intro 0:33 The SNB talk! 8:02 Market update: the selloff continues… Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020. #SNB #Swiss #franc #SMI #CHF #FOMC #decision #USD #market #selloff #crude #oil #SPX #Dow #Nasdaq #investing #trading #equities #stocks #cryptocurrencies #FX #bonds #markets #news #Swissquote #MarketTalk #marketanalysis #marketcommentary _____ Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr _____ Discover our brand and philosophy: https://swq.ch/wq Learn more about our employees: https://swq.ch/d5 _____ Let's stay connected: LinkedIn: https://swq.ch/cH
Is CHF (Swiss Franc) About To Rally? Make the Franc Strong Again! | MarketTalk: What’s up today? | Swissquote
