Post Tagged with: "intervention"
EUR/CHF Collapses As SNB Doesn’t Intervene to Further Weaken the Franc
The Swiss National Bank didn’t raise the floor under EUR/CHF. It didn’t make a new effort to weaken the Swiss franc. Many had expected that the Swiss would lift the peg from 1.20 to 1.25 or even 1.30. This didn’t happen. This sends EUR/CHF falling sharply from 1.2350 to 1.2250 and the pair is still
Europe Losing the Currency War
The “currency war” is raging with countries intervening in the forex markets, devaluing their currencies and pausing on necessary rate hikes. Europe seems unable to deal with China and the rest of the world. The Euro is on the rise and this will eventually hurt the European economies. The big problem is China that maintains
Coordinated Intervention To Weaken the Yen?
The Bank of Japan announced an immediate emergency meeting to begin very soon – Monday 00:00 GMT. There are expectations for new easing steps to boost the economy. But there might be more – Will we see a global coordinated intervention to weaken the yen? Yen crosses are already on the rise. The governor of
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
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
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
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
Swiss Franc Outlook – September 14-19 2009
The Swiss Franc has been one of the currencies that most enjoyed the dollar’s big fall last week. Together with the very crowded week ahead, the Swissy sure is worth to watch. Here’s an outlook for 5 key events and a technical analysis for USD/CHF. USD/CHF forex chart with support and resistance lines Last week’s