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GBP, CHF Lower Ahead of Key Data Releases
30Although much isn’t expected in the next two days – ahead of the EU summit – FX traders will be keeping their eyes on two major economic releases before the
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GBPCHF Slides Before 1.4100 Resistance
30Since skyrocketing higher on news of the Swiss franc peg back in the beginning of the month, the GBPCHF currency pair has been restricted to a relative 100 pip range.
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Don’t Expect USDJPY To Be Another USDCHF
30Now that the Swiss National Bank has a currency cap, many in the market are wondering if the Bank of Japan will follow suit. The USDJPY exchange rate has broken
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EURCHF, USDCHF Skyrocket On SNB Move
30Implementing a bold move, the Swiss National Bank announced plans to impose a currency ceiling on the Swiss franc on September 6th. This is the first time in more than
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US Treasuries Hit Record Low, EURUSD Plunges
30Not to the surprise of many, benchmark 10-year treasury yields fell to a record low – despite the US labor day holiday. With many in the market speculating over the
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USDCHF Plunges On Worse Than Expected NFP
30Swiss franc gains made headlines on the session following a majorly disappointing August non-farm payrolls report. According to the US Labor Department, payroll employment in the world’s largest economy was
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Swiss National Bank Fails Again, USDCHF Drops
30Once again Swiss officials failed to dissuade the market, allowing for a massive gain in the Swiss franc on August 31st. Against both the euro and US dollar, the Swiss currency
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3 Reasons Why Gold Is Higher
30Gold is continuing its massive run higher today – setting another record at $1,829.70 a troy ounce. This now makes the investment return on the precious metal a healthy 26%
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European Selling Ban Will Fall Short
30European policymakers are enacting a ban on naked short selling beginning August 12th. Although completely legitimate the new regulation is one of complete desperation as fears continue to swirl of
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Why There Won’t Be A Swiss Franc Peg
30Given today’s surprise tidbit regarding the Swiss franc, the market is in a tizzy over a potential for a franc/euro peg. Speculation arose after the Swiss National Bank Vice President
