EUR/CHF has been hit again, down at 1.3535 from early 1.3580. Recently there has been talk of the Swiss National Bank selling the cross, something I for one certainly can’t substantiate. Also yesterday there were rumours of a September rate hike in Switzerland. All … Continue reading
Some big flows overnight led to interesting moves with rumours taking care of the rest. There was some AUD bought for month-end but not nearly as much as some would suggest and there may still be some more to be … Continue reading
Traders report vague talk of the SNB selling EUR/CHF today. This is the first tiem we’ve heard talk of sales in the cross as most of their activity has been via the “legs” up to now, selling EUR/USD and selling … Continue reading
EUR/CHF down at 1.3650 from early 1.3740 as rumours swirl that the Swiss National Bank is preparing a September rate hike.
Nice to see the AUD/USD a little lower this morning but the overnight movements have been very mild. EUR/USD is still stuck at 1.30 but the single currency has given up some of its gains against the CHF and the … Continue reading
EUR/CHF and EUR/JPY both made significant moves higher overnight, and EUR/AUD has joined in today. EUR/GBP is holding above technical support at .8310 and EUR/CAD is also looking very constructive on the daily chart. My point is that if the … Continue reading
As you probably know, I’ve been bullish EUR/AUD for some time now and this strategy has been very good to me. Based on the attached picture, I’ve gone long again. I can say with some degree of comfort that I … Continue reading
The events that immediately catch my eye this morning are that the AUD/USD is above .9000, the fact that support in EUR/GBP at .8310 held again, moderate strength in EUR/CHF and the slightly lower USD/JPY. My immediate reaction to this … Continue reading
Just one of the quotes from the latest AEP article in the UK Telegraph.
SNB increased its foreign currency investments by some 132 bln francs in first half of 2010 Sharp appreciation of franc, in particular against the euro, resulted in exchange rate losses of over 14 bln francs (and you think you have … Continue reading