SNB Chariman Jordan to Speak; USD/CHF at 2-Month High...
The chairman of the Swiss Nation Bank (SNB), Thomas Jordan will speak in Zurich. The market will monitor his language for interest rate clues as well as gauging the strength of EUR/CHF’s 1.20 Floor. First, looking at the USD/CHF, we see the marke
Uncertainty lingers in the markets
The Swiss Producer Import Price figures will be released at 07:15 GMT, as the euro against the Swiss franc (CHF) remains in a narrow band just above the 1.20 floor. The Swiss National Bank (SNB) Chairman is due to speak at 15:45 GMT and investors are ...
Daily Technical Report: May 13, 2012
USD/CHF has extended gains from 0.9043 (1st May low) to breach the 0.9252 swing high posted on 16th April, maintaining a gap on the daily charts. If the break of 0.9252 can be sustained over the next few sessions this would be positive exposing key ...
DIFC Weekly Economic Commentary: 13 May 2012
Trade balance in Germany recorded a surplus of EUR 13.7bn (sa) in Mar, unchanged from Feb, after exports grew 0.9% mom (sa) alongside a 1.2% rise in imports. Industrial production data for March was released in Germany, Italy, France and UK - with the ...
EUR/CHF Forecast for the Week of May 14, 2012, Technical Ana
The EUR/CHF pair continues to be dead money in the longer-term sense as the Swiss National Bank and its “minimum acceptable exchange rate” of 1.20 has held firm. The level looks as if the market is going to continue to respect it, and as a result
97% Of SF USD Teachers Vote To Authorize Strike
by Bay City News San Francisco Unified School District teachers have voted to authorize a strike in response to a stalemate in contract negotiations with the district, union officials said today. About 97 percent of teachers on Thursday night approved ...
EUR/CHF Fundamental Analysis May 11, 2012, Forecast
The EUR/CHF continues its private battle between the euro bears and the SNB. With the SNB floor at 1.20 and the euro continues to sink against all of its trading partners, this pair has little to move. The pair has remained in this tight channel
EUR/CHF Forecast May 11, 2012, Technical Analysis
The EUR/CHF pair continued to grind sideways on Thursday as the market simply cannot fall form this level at this point. The market cannot fall below here because of the Swiss National Bank “minimum acceptable exchange rate” at the 1.20 level. Th
We expect moderate U.S. dollar gains against the major currencies
"Renewed risk aversion and demand for safety from the uncertainties created by the latest turn of political events in the Eurozone are serving to keep EUR/CHF pressed right up against its 1.20 floor imposed by the Swiss National Bank (SNB) last ...
Are the Currency and Equity Bears on Holiday?
Recently there have been rumors of Chinese buying around the 1.30 area, and is given as a reason why the market is skittish when approaching that level.There are several suggested reasons for the Chinese buying interest.
One theory is Euro
GBP/USD: Riding the Falling Channel
Cable is cruisin' down the charts! Can I still jump in and ride the downtrend?
EUR/AUD slips after upbeat Aus. jobs data
The Australian dollar is broadly stronger this Thursday in Asia after upbeat Australian employment data reduced expectations of further rate cuts in the coming months by the RBA. Against the common currency, the Aussie ...


