On Monday I said there is a good chance EUR/CHF will extend its losses as safe haven flows push the Swissie higher. At the time EUR/CHF was trading at 1.3420 and today it has fallen to a low of 1.3276, reaching my 1.33 target. Although this represents a support level for the currency, [...]
Entries Categorized as 'eurchf'
Save Haven EURCHF Trade Update
November 10, 2010
Seeking Safety in Safe Haven Currencies
November 8, 2010
Less than a week after increasing monetary stimulus, comments from Fed officials suggest that the central bank is doubting the effectiveness of their latest policy action. At the same time, there are fresh worries in Europe that has caused investors to flock into safe haven currencies. Although the dollar is benefiting from risk [...]
SNB Intervenes in the Swiss Franc!
April 1, 2010
Last week we raised the question of what the Swiss National Bank is waiting for and why they haven’t intervened. In that article we said “Everyone has an uncle point and for the SNB there is no question that we are nearing that level…” At that time, EUR/CHF was trading at 1.4272 and [...]
Why the SNB Has Not Intervened in the CHF
March 23, 2010
For the eighth trading day in a row, EUR/CHF has failed to rally. The Swiss Franc even ended the day at a fresh record high against the euro as traders test the resolve of the Swiss National Bank. This has led many currency traders to wonder What is the SNB Waiting For? Why haven’t they [...]
Swiss National Bank Intervenes in Currency Market
March 12, 2009
Switzerland has officially adopted a beggar thy neighbor policy approach by intervening in the currency market. This morning, they cut interest rates by 25bp to 0.25 percent matching U.S. levels. They have officially embarked on Quantitative easing and will be buying domestic and foreign bonds (fully synopsis of SNB rate decision) . [...]
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