Daily Forex Signal: EUR/CHF to Test Swiss Bank Resolve
July 12, 2010 at 15:55 UTC || By Forex Playmaker
The euro faces mounting pressure against the Swiss franc ahead of an expected Swiss National Bank intervention at the 1.30 level. Global traders and dealers are betting on an SNB intervention once the EUR/CHF trades down to the 1.30 mark, which may make the move self-fulfilling. Once the 1.30 mark is reached, the central bank… Continue Reading
Daily Forex Signal: USD/CHF Set to Rise
June 22, 2010 at 16:14 UTC || By Forex Playmaker
Riskier assets are selling off in trading today, and the threat of further, significant declines from present levels is very real. Key data on new home sales tomorrow should confirm Forex Playbook’s stance that the housing market will grow far worse in the months ahead. As market participants begin to accept that reality, riskier assets… Continue Reading
Daily Forex Signal: EUR/CHF at SNB Resistance
June 15, 2010 at 23:41 UTC || By Forex Playmaker
As reporter earlier today, the EUR/CHF is up against a key resistance level put in place by the Swiss Bank: Appreciation for the euro against the Swiss franc has stalled at the 1.40 handle, the level at which the Swiss National Bank last intervened to limit the franc’s appreciation against the shared currency… The SNB’s… Continue Reading
Daily Forex Signal: USD/CHF Poised for Breakout
June 3, 2010 at 13:45 UTC || By Forex Playmaker
The US dollar is poised for a move higher against the Swiss franc, following a near 2-week consolidation between the 1.14 and 1.17 range. Last priced at 1.1550, the USD/CHF has significant upside potential from present levels and will likely test its recent highs at 1.1730 in the very short-term. Once breached, the pair could… Continue Reading
Daily Forex Signal: Buy USD/CHF
May 25, 2010 at 22:41 UTC || By Forex Playmaker
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