CHF: 7 Risk Factors Ahead; EUR/CHF To Head Lower – Nomura

Nomura highlights some concerns around the high levels of risk appetite in the market ahead of significant event risks.

"Specifically we focus on seven factors: 1) hawkish Fed, 2) trade wars, 3) Trump and government shutdown, 4) Korea, 5) data turning lower? 6) Euroscepticism, and 7) hawkish ECB.]," Nomura clarifies.

"These factors may encourage safe-haven flows to CHF which would support the currency," Nomura argues.

Based on that, Nomura thinks EUR/CHF can head lower.

Source: Nomura Securities ResearchOriginal Article