FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
Since the U.S. Federal Reserve hiked interest rates back in 2015, we have said many a time that the Swiss National Bank (SNB) is likely to be the last major banks to withdraw its monetary stimulus. As the Swiss government enjoys the lowest yield in the world due to very weak inflation, SNB would have limited options but to wait it out since the Swiss franc remains the most overvalued currency (IMF’s calculations) among OECD countries.
Since the SNB removed its peg with the euro back in 2015, we have said that the single currency would gradually strengthen against the franc as the policy divergence between these two becomes apparently clear. All our previous bullish calls have hit targets. You can check out our previous calls here,
https://www.econotimes.com/FxWirePro-Buy-euro-against-franc-targeting-118-906521
In our last call, here, https://www.econotimes.com/FxWirePro-Call-Review-EUR-CHF-to-decline-below-1135-area-before-rising-1002049 ,
We forecasted a decline in EUR/JPY below 1.135 area, however, do note that our long-term outlook remains bullish as we expect the monetary policy divergence to widen. Even if the euro declines below 1.135 area against the Swiss franc, we would take it up as a long-term buy opportunity.
Trade idea:
The EUR/CHF pair is currently trading at 1.16 area, we would recommend going long at the current rate and at dips with a target of 1.3 area. Since this is 1400 pips call, we would recommend a bigger stop loss of 700 pips for the time being. We expect the pair to reach the target by 2019.
