Usdchf sees slight increase as Switzerland’s financial sentiment improves while US data shows mixed signals

USDCHF Analysis

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	0.03%	2.2 Pips
Week to-date	1.22%	100 Pips
May	0.67%	55.2 Pips

Upcoming key events (London Time)

Thu 01:30 PM USD GDP annual rate
Fri 01:30 PM USD PCE Price Index, excluding food and energy (12-mth)

What happened lately

The Switzerland ZEW Financial Market Survey for May 2025 exhibited a substantial improvement, climbing to -22 points compared to -51.6 points in April. This recovery signals a more positive outlook on Switzerland’s financial market conditions and indicates improving investor sentiment, potentially due to domestic economic stability or anticipated favorable developments. The improvement can bolster confidence among investors and economic participants within Switzerland, which may positively influence Swiss equities and the overall financial environment.

In the United States, March 2025 saw a decline in the House Price Index by -0.1%, down from February’s 0.1%, suggesting a cooling in the housing market. Meanwhile, U.S. Durable Goods Orders excluding Transportation witnessed a 0.2% increase in April 2025, rebounding from a revised -0.2% in March, indicating some resilience in other sectors of manufacturing. However, in April, New Orders for Durable Goods saw a significant drop of 6.3%, following a revised increase of 7.6% from March. Additionally, Nondefense Capital Goods Orders excluding Aircraft declined to -1.3% from a prior revised 0.3% in March, and Durable Goods Orders excluding Defense plummeted to -7.5% from a revised 10.5% in March. These figures reflect a notable weakening in certain segments of the U.S. manufacturing sector, highlighting potential challenges in economic growth and demand within the economy.

The USDCHF exchange rate showed minor movement, increasing by 0.03% to 0.82667 on Wednesday, largely indicating consolidation. The mixed economic data from the U.S. coupled with Switzerland’s improved market sentiment suggests a complex scenario for USDCHF. The strengthening Swiss market sentiment may exert downward pressure on the pair, whereas the U.S.’s mixed durable goods and housing market data present a less favorable economic outlook, potentially limiting USD strength. Future movements in the USDCHF will likely be influenced by upcoming U.S. economic data releases, notably the GDP annual rate and the PCE Price Index. Stronger-than-expected results could bolster USD, while any disappointment might increase downward pressures on the pair due to relatively stronger Swiss economic outlook.

Latest from X (Twitter)

Tweets by Swiss Statistics

What can we expect from USDCHF today?

USDCHF on Wednesday rose 0.03% to 0.82667. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.8244 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.82909 or trades above daily pivot 0.82674. Break above could target R1 at 0.82902. While to the downside, we are looking at 0.8244 (S1) and daily low of 0.82447 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.82909 may suggest continuation after recent positive movement.

For the week to-date, take note that USDCHF is mixed as compared to the prior week.

Key levels to watch out:

#USDCHF Trending on Twitter

[custom-twitter-feeds hashtag=”#USDCHF” num=3 showheader=false]