Intraday Market Thoughts

Archived IMT (2009.04.17)

by Ashraf Laidi
Apr 17, 2009 12:38

Swiss Franc deterioration intensifies across the board, UBS dismal earnings/layoffs adds to the gloom. Despite turn in risk appetite, low yielding currency turns lower, faring another selling assault by the SNB. EURCHF 1.50 proved a sand in the line, eyes 1.53, followed by 1.5330s. USDCHF tests the 68% retracement at 1.660. GBPCHF amid least favorite short CHF plays. Check us out on


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