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 [...]
Forex Daily Outlook – September 16th 2009
The dollar continues to weaken, especially after Bernanke’s speech. Today’s calendar is packed with CPI from Europe and the US, employment figures in Britain and many other releases. Let’s see what’s up for today.
Although the dollar weakens, it doesn’t affect all currencies. Mervyn King sent the Pound down yesterday. On the other side of the [...]
Forex Daily Outlook – September 14th 2009
Forex trading began with a stronger dollar this week. European Industrial Production is the highlight of this rather calm day. Let’s see what’s on the menu today.
The late dollar comeback that began late on Friday continues today. While the British Pound and the New Zealand dollar suffer, the Swissy and the Yen are weathering this [...]
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 better-than-expected unemployment [...]
Even the Israeli Intervention is Short-Lived
Last week I was talking about the intervention that the Bank of Israel made in the forex markets, and how it worked. Well, also in a small country like Israel, central bank intervention is short-lived. A lesson for the Swiss National Bank…
USD/ILS fell and fell, hurting Israeli exports, many of them to the US – [...]
Central Bank Intervention – The Israeli Way
The Israeli Central Bank refused to accept the collapse of the dollar at the beginning of the week, and sent the local currency down by 4%, when the dollar lost ground everywhere. This can happen only in small countries.
USD/ILS is a currency pair that doesn’t receive high volumes or much attention. Israel is a small [...]
Forex Links for the Weekend
Here are interesting forex-related reads for this weekend. All the linked articles have a scope larger than one day’s trade.
Adam Kritzer dives into one of the strongest factors in the forex market: risk, and asks if risk aversion is back.
Macro Man talks about ECB issues and also about the SNB intervention. Interesting and amusing as [...]
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