Like Florida weather, the Swiss National Bank can’t make up their mind about whether they want to intervene in the currency market or not. Last week, the Swiss franc collapsed after SNB Vice President Hildebrand said point blank that “they could also intervene in the currency markets to prevent “renewed appreciation” of the franc. [...]

Posted in Forex Technicals, Swiss Franc, eurchf, forex blog, swiss national bank 1 Comment »

There has been a lot of volatility in the foreign exchange market this morning, driving currencies to historic levels:
GBP/USD - 23 Year Low
USD/JPY - 13 Year Low
NZD/USD - 6 Year Low
EUR/JPY - 6 Year Low
CAD/JPY - 13 Year Low
GBP/JPY - Record Low
NZD/JPY - 8 Year Low
The most significant moves have been in the British pound, [...]

Posted in 2009 british pound forecast, 2009 gbpusd forecast, Bank of England, British Pound, Canadian Dollar, Forex Technicals, GBPJPY, Swiss Franc, eur/usd, forex blog, swiss national bank 3 Comments »

With the global economic downturn in full swing, one of the burning questions on everyone’s minds is who will be the first central bank to take interest rates to zero and how close will everyone else get?
We are in a global easing cycle and the varying aggressiveness of central banks around the world means [...]

Posted in Australian Dollar, Bank of Canada, Bank of England, Bank of Japan, Bernanke, BoE rate cut, British Pound, Canadian Dollar, ECB, Fed Rate Cut, Federal Reserve, Forex, Forex News, Japanese Yen, Reserve Bank of Australia, Swiss Franc, USD/CAD, ecb rate cut, forex blog, reserve bank of australia intervention, reserve bank of new zealand, swiss national bank No Comments »