Swiss franc
Swiss Franc (CHF) Strengthens!
Thursday, December 15th, 2011The Swiss franc has strengthened vs. the Euro (among others) as the SNB elected to take a wait and see approach to their monetary policy as they made no changes. This means that the interest rate is still at 0%, and that the target vs. Euro remains at 1.20. There were some in the market [...]
SNB Forgets To Jaw-Bone Swiss Franc Lower!
Wednesday, August 31st, 2011The financial markets can sometimes be described as creatures of habit so when the market is expecting some type of action and it doesn’t occur, it can lead to a snap-back. This appears to be taking place with the Swiss franc (CHF) today, as so far every Wendesday this month, teh Swiss National Bank (SNB) [...]
All Talk, No Action From SNB!
Wednesday, August 17th, 2011Earlier this morning, the markets were left somewhat disappointed in the lack of action taken by the Swiss National Bank (SNB) with regard to how they are going to manage their currency. Recent statements about a possible peg to the Euro or the setting of a target rate for the franc went unfulfilled as the [...]
Bull Pennant in EUR/CHF!
Friday, August 12th, 2011It seems like everyday the market is left asking if either the Bank of Japan or Swiss National Bank are intervening in their currency. While yesterday’s early forex market action showed a “questionable” move in JPY, the Swiss franc (CHF) actually stole the show throughout the US session as it weakened tremendously. Part of this [...]
SNB Surprise Rate Cut!
Wednesday, August 3rd, 2011The Swiss National Bank (SNB), tired of recent Swiss franc strength dut to safe-haven demand popped a surprise rate cut on the markets in an attempt to weaken the franc as discourage speculators from buying. This is essentially a “warning shot”, trying to send the message that the SNB will intervene further if necessary. It [...]