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Swiss Weaken Franc with Peg to the Euro in Forex Trading
September 6, 2011Swiss move to protect their economy Worried that an ever-increasing franc would ruin the Swiss economy, officials took matters into their own hands today, pegging the franc to the euro in forex trading. The move sent the franc plunging. Ever since the franc’s gains as a safe haven after the 2008 global financial crisis, officials [...]
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SWISS FRANC SUFFERS HEAVY SELLING
August 31, 2011Risk appetite has improved, with stock markets bolstered yesterday by stronger than expected US consumer spending data which helped relieve some of the worst fears about the economy there slipping back into recession. This sees traditional safe haven currencies under pressure. The Swiss franc has been particularly hard hit, loosing more t Read more … [...]
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Swiss Franc Gaining Again in Forex Trading
August 17, 2011Forex traders disappointed by lack of euro peg for the franc The Swiss franc is surging again in forex trading on the currency market as concerns about the euro remain. Swiss officials’ attempts to move away from the franc as a safe haven, as well as efforts to keep the franc weak recently, have been [...]
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SWISS FRANC POSTS RECORD HIGHS
August 9, 2011The yen and the Swiss franc remain the currencies of choice as market sentiment continues to be dominated by fears about the outlook for the global economy and fiscal problems in many developed economies. Although initially providing some support for the euro, the ECB buying of Italian and Spanish bonds has also undermined sentiment as [...]
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SWISS FRANC STARTS TO RETRACE GAINS
August 4, 2011Concerns about the pace of recovery in the global economy, as well as sovereign associated risks in the US and the euro zone, are overshadowing forex markets with safe haven currencies like the Swiss franc and the yen benefiting as a result. The passing of the US debt deal has done little to ease concerns [...]
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SWISS FRANC AT RECORD HIGHS
July 21, 2011While risk aversion remains very much to the fore, forex markets are somewhat steadier. Indeed, the euro, is off its weekend record low against the Swiss franc which, along with the yen, is the safe haven currency of choice. The euro also gained slightly against the dollar in yesterday’s trade. Even so, the single currency [...]
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Swiss Franc at Record Highs
May 27, 2011This month, the Swiss Franc touched a record high against not one, but two currencies: the US dollar and the Euro. Having risen by more than 30% against the former and 20% against the latter, the franc might just be the world’s best performing currency over the last twelve months. Let’s look at the prospects [...]
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Risk Aversion Produces Gains for Swiss Franc and Japanese Yen
May 26, 2011World currencies in forex trading Risk aversion was the story earlier today, as the Japanese yen and Swiss franc logged gains in forex trading. These two currencies are considered safe and stable, and with concerns about euro zone debt (fears were stoked again by Jean-Claude Juncker), and other problems, it is little surprise that the [...]
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Swiss Franc Carry Trade Strategy
March 26, 2011The September issue of Currency Trader Magazine was released today. Some of the highlights include: A look at an advanced carry trade strategy involving the Swiss Franc. The CFTC gains jurisdiction over retail forex fraud. What will drive the forex market in Q4. Yen crosses on the move. U.S. dollar rockets higher, Euro tumbles. China [...]
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Will the Swiss Franc and Norway Krone Rise Against the Euro?
January 14, 2011Forex trading forecast for European currencies The European Union does not include all of the countries in Europe, and the currency union includes even fewer. While the euro zone leaders would doubtless welcome Switzerland and Norway into the European Union, and the currency union, this is not likely to happen.
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Swiss Franc Surges to Record High(s)
December 29, 2010In the last two weeks, the Swiss Franc rose to record highs against not one, but two major currencies: the US Dollar and the Euro. The Franc is now entrenched well above parity against the former, and is closing in on the magical level of 1:1 against the latter. With market uncertainty projected to run [...]
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Swiss Rate Remains on Hold as SNB Considers FX Intervention
September 16, 2010Swiss franc in currency trading The Swiss National Bank kept interest rates on hold as it considers the next move in the global currency market game. The Swiss are not overly fond of a stronger currency, since the country prefers to have a weak currency that gives it an edge in exports. However, during this [...]
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Swiss Franc Touches Record High, Nears Parity
September 10, 2010In the year-to-date, the Swiss Franc has risen 3% against the Dollar, 15% against the Euro, and more than 5% on a trade-weighted basis. It recently touched a record low against the Euro, and is closing in on parity with the USD. Since the beginning of the summer, the Franc has rallied by an unbelievable [...]
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Will the Swiss Franc Continue to Gain in Currency Trading?
September 3, 2010Risks to the Swiss franc rally One of the best performers this year on the FX market has been the Swiss franc. It has everything going for it: traditional safe haven status and an expanding economy with inflation kept under wraps. However, the Swiss franc may not see such progress as the year comes to [...]
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SNB Abandons Intervention
June 22, 2010The Swiss National Bank (SNB) has apparently admitted (temporary) defeat in its battle to hold down the value of the Franc. ” ‘The SNB has reached its limits and if the market wants to see a franc at 1.35 versus the euro, they won’
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Swiss Franc Surges to Record High: Where was the SNB?
March 26, 2010One of the clear victors of the Greek sovereign debt crisis has been the Swiss Franc, which has risen 5% against the Euro over the last quarter en route to a record high. 5% may not sound like much until you consider that the Franc had hovered around the ‘
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SNB: Intervention Back on the Table
January 26, 2010Pull up a 1-year chart of the Euro against the Swiss Franc, and you’ll quickly notice a salient trend: the exchange rate has hovered slightly above ‘