jeudi 5 février 2015
Talk of SNB buying EURUSD spurs the euro rally
Posted on 04:36 by nice news
I suggested in my last post that the SNB could be hoovering some EURUSD and so it seems, with talk on the street now that they’re buying to drive EURCHF higher
Post- SNB rebound went to 1.0651 and that area has been a target for a while as I’ve highlighted, and we should expect a break to trigger accelerated gains. Just seen 1.0633. Currently still 1.0617
USDCHF also higher at 0.9285 but approacing good tech res/offers into 0.9400
EURCHF has little liquidity in its own right so it’s only natural that the SNB, or indeed anyone, should use the two core pairs to get their amounts done
Earlier I reported the latest musings from the Swiss govt dept SECO and I raised the question of whether the comments gave creedence to a basket-style cap for the franc.. Seems as though it does.
Post- SNB rebound went to 1.0651 and that area has been a target for a while as I’ve highlighted, and we should expect a break to trigger accelerated gains. Just seen 1.0633. Currently still 1.0617
USDCHF also higher at 0.9285 but approacing good tech res/offers into 0.9400
EURCHF has little liquidity in its own right so it’s only natural that the SNB, or indeed anyone, should use the two core pairs to get their amounts done
Earlier I reported the latest musings from the Swiss govt dept SECO and I raised the question of whether the comments gave creedence to a basket-style cap for the franc.. Seems as though it does.
Talk of SNB buying EURUSD spurs the euro rally
Categories: Talk of SNB buying EURUSD spurs the euro rally
Inscription à :
Publier les commentaires (Atom)
0 commentaires:
Enregistrer un commentaire