Daily Forex Signal: EUR/CHF to Test Swiss Bank Resolve
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
Forex Playbook: July 11-17 – Swiss Bank Intervention Nears
Riskier assets enjoyed broad gains last week, which we anticipated, as shorts booked profits following the steep declines of weeks prior. The major US indexes each gained around 5% and are now trading toward the higher end of recent ranges. In the Forex space, the euro continued to post gains against the US dollar, last… Continue Reading
Swiss Bank Likely to Intervene at EUR/CHF 1.30
The Swiss National Bank will likely resume its intervention efforts aimed at weakening the franc relative to the euro once the 1.30 level is reached. Sluggish Swiss CPI suggests that deflationary risks still threaten the domestic economy, against which the SNB will take action via the EUR/CHF. The 1.30 handle is the whisper number circulating… Continue Reading
EUR/CHF Plummeting; Awaiting Swiss Bank Activity
The euro continues to get pummeled by the Swiss franc in trading today, reaching its lowest levels of the session (and of all-time) in early US trading. The EUR/CHF is last priced at 1.3345, down nearly 200 pips, or 1.5%, over Friday’s close. The euro has been especially weak in recent weeks against its major… Continue Reading
EUR/CHF Trades at All-Time Low on Swiss Bank Comments
The euro continues its downward move against the Swiss franc in trading today, as the pair trades at an all-time low beneath the 1.35 handle. The EUR/CHF is last priced at 1.3475 and finds itself lacking any support going forward. However, the ongoing threat of Swiss National Bank intervention should keep the pair from plummeting… Continue Reading
EUR/CHF Makes New Lows; SNB Lurking at 1.35
The euro continues to lose ground against the Swiss franc, as the pair reaches yet another all-time low in trading today. However, the specter of a Swiss Bank intervention looms large, with market insiders pegging the 1.35 handle as the next likely point of action. The EUR/CHF is last trading at 1.3605, as the pair… Continue Reading
Daily Forex Signal: EUR/CHF at SNB Resistance
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
EUR/CHF Pulls Back From Swiss Bank Intervention Level
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 EUR/CHF has fallen to 1.3935 from its 1.4040 high in earlier trading. Currency traders are watching the 1.40 handle very closely… Continue Reading
SNB Intervention in EUR/CHF to Propel USD/CHF Higher
The Swiss National Bank is suspected of having intervened in the currencies market earlier today, driving the Swiss franc lower against the euro — for a few minutes, anyway. Meanwhile, the true beneficiary of the SNB’s intervention policies will be the US dollar, which is expected to surge against the franc should weakness in the… Continue Reading
Daily Forex Signal: Short EUR/CHF
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