Post Tagged with: "Swiss Franc"
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
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
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
Forex Crunches for the Weekend – June 27 2009
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
Central Banks Intervention – Great Trade Opportunity
In the forex market, huge volume makes even big interventions very hard. The SNB’s intervention had a short lived effect last time, and this time is no different – the correction will come. Such cases are great trade opportunities. The Swiss National Bank intervened in the forex market on March 12th in order to weaken
Russian Wind of Change Helps Dollar
Alexei Kudrin, Russia’s Finance Minister, sent gave the dollar some strong back wind, by saying that the dollar will remain the world’s reserve currency. This policy shift strengthened the dollar ahead of the TIC Long-Term Purchases. Contrary to the position of President Dmitry Medvedev, his finance minister said that there’s no alternative to the US dollar. This
Critial Week in the Swissy
The Libor Rate decision makes this week critical in the direction of the Swiss Franc. Add three more major indicators: PPI, Industrial Production and Retail Sales, and add a close and critical technical support line, and you have a recipe for excitement. Swiss Franc outlook. PPI: Producer Price Index isn’t as significant as Consumer Price