Post Tagged with: "Swissy"
SNB Intervention – Shortlived Indeed
The SNB intervened in the forex market to weaken the Swiss Franc. Though still above the levels before the intervention, USD/CHF has lost its hot air, and is now trading lower. A lesson about central bank interventions. On Wednesday, the Swiss National Bank intervened in the forex market in order to weaken the Swissy. Switzerland’s
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
Forex Daily Outlook – June 18th 2009
Another busy day in a busy week: A new Libor Rate in Switzerland, Retail Sales in Britain, Canadian CPI and American Unemployment Claims are the highlights of today. And there’s more… Swiss Libor Rate is due at 7:30 GMT, and is expected to remain unchanged. The limelight will be on the SNB Monetary Policy Assessment which
Forex Daily Outlook – June 16th 2009
Japanese rate statement, British and European CPI releases and American Building Permits are the highlights of a very busy day. Will the dollar continue to enjoy the Russian wind? These indicators will shake all the currencies… Japan supplies a strong start to the day with an interest rate decision. Japanese Overnight Call Rate is expected to
AUD/USD Should Become A Major Pair
The current global crisis has shown us that the dollar is the safe haven currency. The Swiss Franc lost its status. On the other hand, Australia’s economy hasn’t been badly affected by this crisis. The Aussie should replace the Swissy in the big league of majors. Traditionally, there are four major pairs: EUR/USD, USD/JPY, GBP/USD