EUR/CHF moves at a glacial pace but it turned around ‘quickly’ from a test of 1.2150 in a bounce to 1.2167. The pair has been under some pressure since the ECB introduced negative deposit rates. Normally that kind of turnaround … Continue reading
Amidst all the euro weakness this week, the Swiss franc was even weaker. How about this chart? It’s in a long-term downtrend but there was a reversal Thursday and a clear double bottom that climbed above the trendline.
EUR/CHF has perked up 15 pips in the past few minutes to the highest since March 7. The pair hit some buy stops above 1.2200 and last week’s high of 1.2204. Even with stocks floundering, this pair can continue to … Continue reading
Fritz Zurbruegg also notes that the risks to the SNB balance sheet are manageable. The question gaining momentum is how long the cap is going to last. Adam pinned his colours to the mast yesterday EUR/CHF strolling up to 1.2335 after … Continue reading
Mike has posted here: Swissy has various reasons to be cheerful, frankly I think he has missed one important point, though. This one: – And, in all seriousness, its going to be an interesting day if the peg is ever … Continue reading