February 25th, 2011 01:26:38 GMT

USD/CHF and EUR/CHF outlook


USD/CHF has broken and closed below previous major support so the path of least resistance remains down. The levels to watch on the topside are at .9310/20 and as long as we are below there, the outlook is bearish. EUR/CHF … Continue reading

February 24th, 2011 23:29:28 GMT

Overnight flows: EUR/GBP and EUR/CHF


The orders and flows mentioned yesterday in EUR/CHF and EUR/GBP have proven to be very useful; EUR/CHF bottomed out in Europe overnight exactly where the big buy orders were tipped to be (1.3700/25), and the short covering by big players … Continue reading

February 23rd, 2011 01:48:26 GMT

If you’re looking to buy dips in EUR/CHF


I’m reliably informed that the level to watch on the downside is 1.2725 where there is some significant buying interest. The charts suggest that technical support around 1.2700 needs to hold if the recent recovery is to be sustained so … Continue reading

February 22nd, 2011 07:12:10 GMT

Swiss January trade balance +1958 mln


Up from +1257 mln in December. Swiss watch exports rose 16.9% in nominal terms. Elsewhere, UBS consumption indicator for Switzerland came in at 1.68 in January, down from 1.83 in December. EUR/CHF trading down at session low 1.2860, swissy a … Continue reading

February 15th, 2011 15:54:36 GMT

USD/CHF hits stops below 0.9670


USD/CHF has triggered stops below the 0.9675 level, sending stale longs to the sidelines. A European central bank was rumored buying some CHF…Could be a commercial transaction (Inter-governmental payments, etc…) or perhaps they are helping out a fellow central bank … Continue reading

February 15th, 2011 08:54:55 GMT

For those with an interest in EUR/CHF


Someone just told me UBS has raised it’s 3-month target for the cross to 1.3500 from previous 1.3000.  Don’t know whether they did it today or before, but they’ve done it. Cross sits at 1.3100.


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