Post Tagged with: "EUR/CHF"
EUR/CHF Moving Higher – Implications for EUR/USD and USD/CHF
The SNB put a floor under EUR/CHF, at 1.20. In the first hours after the shock the pair was just above this line, as the authorities struggled to stabilize their huge effort. It has now drifted higher, taking a safer distance. What does this mean for USD/CHF and for EUR/USD? USD/CHF This upwards move has
EUR/USD Sep 6 – Swiss Sugar Rush Fades Away
Euro dollar was saved from the abyss by the super strong Swiss move to hold EUR/CHF above 1.20. But this effect is fading away as the reality of the debt crisis resumes its weight on the pair. Here’s a quick update on technicals, fundamentals and what’s going on in the markets. EUR/USD Technicals Asian session: Downfall
EUR/USD Saved from Abyss On Swiss Move
The Swiss National Bank made a powerful move to peg the euro to the Swiss. EUR/USD couldn’t stay on the sidelines and leaped just as low critical support was about to be challenged. The SNB announced a minimum exchange rate for EUR/CHF: 1.20. This sent EUR/UCF immediately from around 1.10 to above 1.2150 and now
ECB running to catch up
The ECB came out yesterday, but frankly it was too little and too late for markets. Its moves on liquidity and bond buying were not the cause of the global sell-off in markets, but nevertheless the fact that it was only buying Irish and Portuguese debt selectively did not inspure confidence. The sell-off in equities
What next after the US debt deal?
The political theatricals in Washington have captivated markets for the past few weeks, but now the show is over, there’s a feeling that the crowd is hungry for more. For Tuesday, there was a quick shift back to Europe to see what the supporting cast was up to. The spread of Belgian bonds over Germany’s
EUR/CHF Sets Up For A Run At The 1.2422/04 Levels
The outlook for EURCHF remains to the downside following its loss of upside momentum at the 1.3238 level, its 2011 high. With continued declines seen at the end of the week, risk of further weakness is building up towards its major support at the 1.2422/04 levels, its Dec’2010/Mar’2011 lows. Guest post by www.fxtechstrategy.com The cross is
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