EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
Friday's $2431 high in gold consisted of a 21% rise from the Feb 14th low. Such percentage extensions from key lows or/and technical levels such as the 200-DMA, could flag crucial opportunities for partial/full profit-taking. Watch here.
Bitcoin versus Miners Performance
As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners...
View Hot-Chart..
multi weeks and day support reach on usd/chf at psychological level
good buying opportunity at around actual level
mind that swiss was overhaeting during time of us QE with capital inflow reaching its paroxism agianst its main trading partners the EU and that why the SNB decided in january to devalue its currency against euro by 20 cents .
right now swiss eco is doing pretty well especally the industrial side ; order book are full.
so keep on going long this usd/chf and mind the differential rate between the us gvt bonds and the snb rate decision.
Thanks,
Rob
as I told you last week !
It's only the begining
It's a volatile one as you probably know...
Thanks
Mainly gbpchf usdchf and eurchf
Still liking $AUDCHf & $USDCHF
A
http://www.cityindex.co.uk/market-analysis/market-news/29337372014/swiss-franc-trading-strategy/
Ashraf
INTERVIEW-SNB sees some upside in ECB easing, but defends franc cap
By Krista Hughes
WASHINGTON, April 12 (Reuters) - Switzerland could benefit
from further policy easing in the euro zone if the Swiss franc
weakened in tandem with the euro against the U.S. dollar, Swiss
National Bank Chairman Thomas Jordan said on Saturday.
But Jordan warned the SNB would defend its currency cap
against the euro and would not hesitate to take other measures
if further stimulus from the European Central Bank pushed the
franc up against the euro.
ECB President Mario Draghi said earlier on Saturday the euro
zone central bank will ease monetary policy further if the euro
EUR keeps strengthening, his strongest signal to date that
the ECB may embark on stimulative asset purchases.
Jordan said it was hard to predict the impact of such
policies on neighboring Switzerland, but the SNB was determined
to keep loose monetary conditions given continued low inflation.
"The euro is very strong against the dollar and a weakening
of the euro in general is probably not too bad for the Swiss
franc," he said in an interview on the sidelines of
International Monetary Fund spring meetings.
"If the Swiss franc weakens with the euro together against
the dollar, that would be something which is beneficial for
Switzerland and the Swiss economy."
The SNB put a cap of 1.20 per euro on the soaring franc in
2011 to help stave off recession and the threat of deflation and
had to intervene heavily in 2012 as the euro zone crisis flared.
The franc has gained nearly 2 percent against the dollar
this year and almost 1 percent against the euro
EURCHF, a rise Jordan said was partly due to safe haven
effects. The franc was still "very strong," he said.
"The minimum exchange rate is the key tool so we will
enforce it also in the future in order to maintain adequate
monetary conditions in Switzerland," Jordan said.
"We do not exclude any measure that is necessary in order to
maintain adequate monetary conditions and we have already said
we do not exclude introducing a negative interest rate."
(Reporting by Krista Hughes; Additional reporting by Dan Burns;
Editing by Andrea Ricci)
((krista.hughes@thomsonreuters.com)(+1 202 354 5854)(Reuters
Messaging: krista.hughes.thomsonreuters.com@reuters.net))