EUR/CHF – Wild Fridays – Courtesy of the Bank
The Swiss central bank has increased its interventions in the markets in an attempt to weaken the Swiss Franc. The moves are seen best against the Euro. Here is how it looks on the graph + a few characteristics of these moves.
Click to enlarge. Remember that interventions are short lived.
Video Weekly Outlook – Beware of the Swissy
In my weekly corner on Forex TV, I spoke with Julie Sinha about the upcoming events for this week, technical levels and pairs to watch out for:
An important thing to note that didn’t appear on my weekly outlooks is the warning of an intervention in the Swissy:
Want to see what other traders are doing in [...]
Forex Daily Outlook – December 10th 2009
Get ready for one of the busiest days: rate decisions in Britain and Switzerland, employment numbers in the US and Australia, and much more. Here goes:
Forex Weekly Outlook – December 7-11
Non-Farm Payrolls brought an excellent surprise to the dollar. In the upcoming week we’ll indeed see if the tables have turned. Rate decisions are expected this week in Britain, Switzerland, Canada and New Zealand. Also note employment figures in Australia and American Retail Sales to close the week. Thursday is an extremely crowded day. Here’s [...]
Parity Party for the Swissy
The Swiss Franc has reached parity with the US dollar. Apart from the general weakness of the greenback across the board, also the Swiss National Bank has a role in bringing USD/CHF to 1.
USD/CHF reached a year-to-date low of 0.9960 and trades now at a perfect 1.0000. The pair last reached this rate in April [...]
Weekly Forex Roundup – Winners and Losers
The US Dollar gained against the Yen, the Pound and the Canadian dollar, but lost to the others. Here’s a review of the big moves in forex trading this week.
The biggest story was the ongoing recession in Britain, that supplied a huge drop for the Pound on Friday.
Dollar Weakness
The US dollar index lost ground this [...]
Support Line – Courtesy of the Bank
The SNB did it again. They intervened in the forex market to weaken the Swiss Franc. Against the dollar, these moves sure are short lived, but regarding the Euro, the central bank sure marked a support line for EUR/CHF.
The Swiss National Bank intervened again in the currency markets to weaken the national currency. Like in [...]
Popular Forex Posts
Daily FX Headlines- Trade with at least a 1:2 Risk Reward Ratio March 17, 2010
- New Zealand Dollar Continues to Outperform, Euro Lags Behind March 17, 2010
- Australian Dollar Nearing Trendline; Watch 9265 03-17 March 17, 2010
- Light Crude 03-17 March 17, 2010
- Gold 03-17 March 17, 2010
Stay up to date!
-
-
