Amid talk of macro funds buying aggessively this morning. We’re at .9430 from around .9370 when I arrived. Meanwhile EUR/CHF is up at 1.2585 from around 1.2505.
Bloomberg article. EUR/CHF down at 1.2595 from early 1.2635. Just reading UBS forex strategists say they are bearish the cross, focusing on 1.2439 ahead of 1.2283. They see resistance at 1.2714. They also forecast a fall in USD/CHF. See break … Continue reading
Just when you thought it was safe to short CHF, another Portuguese downgrade… EUR/USD has dipped back below 1.31000 and EUR/CHF us at 1.2585. The downgrade reflects the much more difficult funding environment for the government and banks… The 2011 … Continue reading
That’s what everyone is asking as EUR/CHF and USD/CHF shoot higher in ultra-thin trade. No confirmation of intervention yet…
No sign of the bull run in the CHF to slow down and the volumes during European trade remain very substantial. The AUD and the JPY also remain well bid whereas the European currencies and the USD remain heavy. This … Continue reading
I can’t imagine there will be much to talk about until Europe. This is no news due out and very little in Europe, however a veritable swag during US time. For now I expect the Asian equities to be moderately … Continue reading
Overnight saw new lows in EUR/CHF, EUR/AUD and GBP/AUD as Euro remains generally offered, Sterling looks ordinary with Cable closing the US session below 1.5400 & EUR/GBP above 0.8500; and the AUD soldiers on….. However as we have only six sessions … Continue reading
Looks like we’re finally getting into the holiday spirit with markets settling into fairly tight ranges. Money continues to exit the euro zone through the door into Switzerland making EUR/CHF the subject of most of the market’s limited attention. So … Continue reading
And gave me some stop info on EUR/CHF. Apparently stops through 1.2520, 1.2500 and 1.2470. Barrier interest at 1.2500.
This pair has been on a straight line lower in recent weeks but further falls are likely to be stalled by some big barrier options at 1.2500. Some smaller ones were triggered last night but the next batch are worth … Continue reading