EUR/CHF Squeezes Higher, Euro Rebounds
| NAB's Business Confidence (DEC) | Jan 27 00:30 |
Markets were active but failed to grab a clear theme to start the week as New York is hit with a massive snowstorm. The pound was the top performer while the Swiss franc lagged badly. Australian business confidence highlights a quiet Asia-Pacific session. 17 days after the last of our Premium AUDJPY shorts hit its final target, has the pair got any more downside left? We answer with 2 new trades and 3 charts in the pair.
A rally in EUR/CHF to 1.0170 from 0.9800 in Europe was the highlight of the day. The move started after the SNB reported the largest one-week rise in sight deposits since March 2013. Ostensibly, deposits would count as inflows into Switzerland by there was talk about financial engineering to reverse it via swaps or debt repurchases.
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Done with AUDJPY ?
17 days after the last of our AUDJPY shorts hit its final target, what is left with the pair? 2 new Premium trades are issued on this yen cross Full detail found here
Considering that Troika is willing to grant another extension to Greece's bailout plan, and that even Alex Tsipras' fervent supporters are aware that Greece must repay €4.3 billion in March, Syriza will have to play ball and “compromise” shall remain the name of the game. Full chart & analysis.
Read More...If you missed my webinar last week, I'm doing one more on Tuesday morning so that Asia/Pacific-based residents can attend. 9:30 am GMT, 5:30 pm Singapore, 10:30 pm Sydney. REGISTER FREE HERE
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