This is a bonus for us if SNB steps in Fx market when more weighting on EUR/CHF. We can recall what happened to CHF in autumn of 2011. After depreciating nearly 14 percent between August 10 and August 29, 2011, the franc underwent a stunning temporary reversal,
I have been making plenty of pips since I launched my service last month, yet I was not happy with my trading results because I bet wrongly on GBP and JPY. Normally, it is a reasonable swing trade idea which involves more than 250pips+ with an approximately 100pips stop,
Majors vs. USD [1W]: CAD +0.70%, AUD +0.51%, CHF +0.31%, NZD +0.27%, EUR -0.07%, JPY -0.31%, GBP -0.48%. Always an educational experience to know which currency rise or fall when escalate tension between Russian and Ukraine, after a headline which was Ukraine and Russia Kicking off by RTRS, we got a answer. Swiss franc was a winner. EUR/CHF broke below 1.21 for the first time since January 2013 which grabbed my attention!
It was a dreadful news that the Bank of England has no plans to raise interest rates early hurt GBP bulls yesterday. A sterling trader from Citi notes:GBP/USD has fallen spectacularly. This no longer looks like a correction, but rather a downtrend. I have cut all my GBP long positions. Sometime, maybe most of time, I dislike GBP which is an annoying currency. But I still can not say No to a trade idea.
Before I write new one, I would like to thank a great number of new subscribers who send me emails regarding asking long term payment package, I feel flattered by your supporting and trust. However, I still think the monthly plan is relatively fair to us even if you order a month which a big
More pain on Kiwi?
Top story via WSJ-----
The three month implied volatility of the eurodollar exchange rate, a forward look at prices, shows that moves in the currency are likely to be limited over this period of time. It fell below 5% in July, a level not seen since 2007, while the J.P. Morgan index of three month implied volatility across seven developed currencies traded below 5.2%, beating the previous all-time low of 5.7% reached in June 2007, according to ING.