Swissy Surges After Rate Decision

The Swiss Franc made a leap after the rate decision. USD/CHF plunged by about 100 pips to 1.1230 and EUR/CHF also fell by about 100 pips to 1.3780, about 50 pips above the all time low set last week. The Swiss National Bank (SNB) left the Libor Rate unchanged at 0.25% and while they said [...]

Forex Daily Outlook – April 2nd 2010

Most of the world is on holiday today – but not the US, that publishes the most important event in forex. On this thin volume, the Non-Farm Payrolls could save the dollar from a very bad week. The updated estimates for the Non-Farm Payrolls stand on job gain of 185,000. This will erase many months [...]

Forex Daily Outlook – March 25th 2010

Ben Bernanke will dominate the scene today with a testimony in Washington. There are lots of other important events from all over the world. Let’s see what’s up for today. At the time of writing, EUR/CHF is still at an all time low, under 1.43. A massive intervention by the Swiss National Bank can happen [...]

EUR/USD Breaks Down – Long Road Down

EUR/USD finally made the long waited drop – it tumbled down below 1.3423 in a very convincing way.The drop continues. The move has a big potential. EUR/USD began the move from the previous lows of 1.3440, pierced through the historic line of 1.3423 (May 2009), then temporarily relaxed at 1.34 before moving lower. It almost [...]

EUR/CHF at All Time Low – Massive Intervention Underway?

EUR/CHF is trading in the lowest level ever. Technicians will see it going further down, but the SNB might force it to go in the other direction. Will we see EUR/CHF rock on Friday? Updates on this cross. EUR/CHF is now trading at 1.4244, the lowest level this pair ever traded in. It broke below [...]

Forex Daily Outlook – March 24th 2010

A busy day expects forex traders. The British budget release, American new durable goods orders and new home sales, New Zealand’s GDP and lots of European figures will rock the markets today. Let’s see what’s awaiting us: Flash purchasing managers’ indices pour in during the European morning. France starts with its manufacturing and services figures. [...]

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 [...]

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 [...]

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