The US Dollar Index traded flat after it nears important support of 73.40 ranges, most of the asset classes are trading stable after witnessing unprecedented volatility during past couple of weeks especially the equity bourses across the...
Euro speculations amid upcoming meeting of Sarkozy and Merkel.
Market review for 8 – 12, 2011
The US Dollar Index depreciates on the event of most of the asset classes either stabilizing or posting gains, especially the equity bourses across the world; the Dow has gained for successive third session after major fall...
In the early stage of the week, we did see the pair confirming its bullish momentum while reaching its psychological 80,00 level i.e. 200 pips above last week close.
The Swiss Franc has been once again the main active currency last week after the SNB Vice President statement about a possible change in their policy with their currency being pegged to the Euro.
The USD/CHF pair continued to rise during the Friday session as trader shed the Franc in fears of an eventual peg to the Euro. (This was mentioned as a possibility by some members of the SNB recently.)
USDCHF bounced strongly from 0.7067, suggesting that a cycle bottom has been formed on daily chart. Further rally could be expected in a couple of weeks, and target would be at the downtrend line. Key support is...
The USD/CHF pair rose on Thursday as a SNB member mentioned the possibility of a peg to the Euro. The truth is this rise if probably going to be short-lived, and traders should be on the lookout...
With a new intervention of the Swiss National Bank yesterday, we did see the pair sharply reversing with a 400 pips move to the upside. All the CHF pairs have surged the same way.
