USD/JPY is once again on a strong downtrend, so far it has hit the 76.10 this morning. The U.S Federal Reserve decision of going through with a new round of quantitative easing is making investors nervous at this moment and selling the dollar (announcement hasn’t been made so far).
As you may recall that the SNB (Swiss National Bank) has curbed the downfall of the Swiss Franc against the Euro, by sell its currency and setting a minimum threshold of 1.2000 for the currency pair not to break.
The Swiss National Bank (SNB) surprised the markets on Tuesday when it announced that it would not allow the euro / Swiss franc rate to fall below 1.2000, and that it is prepared to spend an unlimited amount buying foreign currencies in order to main
The SNB (Swiss National Bank) made an unexpected announcement this morning by indicating that it will set an exchange rate of 1.2000 against the Euro. The announcement triggered the EUR/CHF to move 1000+ pips, from the 1.1095 to the 1.2170 high. The question remains, will the SNB move be successful, during a time of investors shifting their assets to safe-haven currencies ?
The Euro has been bullish against the Swiss Franc, since the Swiss National Bank decided to ease its overvalued currency. The SNB intervention took place on Aug.3rd.2011, but we didn’t notice any progress till Aug.11th.2011 … when the currency pair surged 650+ pips. Intraday bias for the EUR/CHF remains on the upside, as long as the 1.0685 minor support line is not broken.
The U.S dollar is surging against all the majors this morning, since the French-German summit last week produced little results to curb the EU debt and bank crisis. The Yen and Swiss Franc played a major role during the U.S and EU economic troubles, but it seems like the Swiss Franc has been weakened after the SNB (Swiss National Bank) decided to intervene.
Hey guys! I’ve been away for several days now for a business trip in the Asia-Pacific but I’m back in the Forex front! So in today’s feature, I present to you the USDCHF pair. Just last week (March 17), the Swiss franc reached a new high against the US dollar when the USD/CHF pair fell to historical low of 0.8900. You see, the pair has been trading on a downward course since June 2010.
Hiyo FX friends! Here’s my short and sweet technical view on the CHFJPY pair. As you can see from its daily chart, the pair has broken out from a rare inverted head and shoulders continuation pattern. You see, an inverted head and shoulders pattern is generally a bullish reversal pattern although it can occur as a continuation from time to time as in this case.
Welcome to another day of FX trading! In today’s fx feature is the weekly chart of the USDCHF. As you can see, the pair has been losing a lot ground for several weeks now. After hitting a high of 1.1731 last May 31, it has slid since then. In fact, it had already touched the parity level early today.
