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.
Forex Daily Forecast – November 30 2009
The new forex trading week starts off with the Dubai crisis still looming. Canadian GDP, and European inflation will stand out in day with events from all over the world. Let’s see what’s up for the last day of November.
Arabic version of this post
In New Zealand, Building Consents are expected to continue rising after a [...]
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 [...]
Forex Daily Outlook – November 24th 2009
After some dollar weakness but continuing range trading, at least for EUR/USD, an extremely busy day expects traders: revised GDP in the US, and Germany are only a few of the upcoming events in this long day. Here’s the (long) daily outlook:
Japan’s BOJ Monthly Report starts the day, with an insight into the economy. On [...]
Forex Daily Outlook – November 20th 2009
The last day of this week is rather quiet, but with a rate decision in Japan. Will the markets continue to be trade in the same ranges?
The BOJ gets together once again to make a rate decision. Japan’s Overnight Call Rate isn’t expected to budge from 0.1% – rock bottom. Yen traders will focus on [...]
Forex Daily Outlook – November 17th 2009
After Bernanke’s words and retails sales didn’t do much to the markets, today’s British CPI and American PPI stand out in quite a busy day. Let’s see what’s up for today:
Australia’s Monetary Policy Meeting Minutes didn’t send a clear message about future rate hikes. AUD/USD remains in the same trading zone as yesterday – around [...]
Forex Daily Outlook – June 24th 2009
Big day today in the forex market – the FOMC Statement is made. What will Bernanke hint about future interest rates? Apart from tensions towards the statement, the market will move on other important figures. Here’s the menu:
Iran is still in the news. How will the public react to the regime’s refusal to nullify the [...]
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