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Forex Flash: Swiss economy appears to be very weak – Wells Fargo
December 24, 2011FXstreet.com (Córdoba) – Economic growth in Switzerland has slowed all year and recent indicators… For more information, read our latest forex news. FXstreet.com: Latest News
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Swiss National Bank Intervenes CHF Weakens USD Gains
September 8, 2011Yesterday the Swiss National Bank announced that they would take unprecedented measures to weaken the Swiss Fanc. They have stated that their intention is necessary to coerce the currency into a stable state above 1.20 EUR/CHF. The announcement saw one of the biggest moves seen in the currency markets for a decade. Read more … [...]
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Swiss National Bank Intervenes CHF Weakens USD Gains
September 7, 2011Yesterday the Swiss National Bank announced that they would take unprecedented measures to weaken the Swiss Fanc. They have stated that their intention is necessary to coerce the currency into a stable state above 1.20 EUR/CHF. The announcement saw one of the biggest moves seen in the currency markets for a decade. Read more …
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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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Euro Unable to Truly Take Advantage of Swiss Peg
September 6, 2011Euro zone struggles limit euro upside in forex trading Euro zone troubles are limiting the upside of the euro in forex trading on the news of the Swiss franc peg. While the euro should be seeing some advantage against other currencies, particularly the U.S. dollar, those gains just aren’t materializing. Concerns about what’s next for [...]
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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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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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Swiss Producer and Import Prices on the rise
March 18, 2011FXstreet.com (Barcelona) – Swiss Statistics unveiled the Producer and Import Prices for February…. For more information, read our latest forex news. FXstreet.com: Latest News
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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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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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Forex: EUR/CHF settles around 5-week low above 1.3300
August 16, 2010FXstreet.com (Barcelona) – The EUR/CHF extends to a 5-day loss Monday, dropping to an intraday low at 1.3280 over Europe as a dynamic Swiss franc continues to plague the common currency. Over New York, the pair has consolidated above the 1.3300 zone, trading by-and-large horizontally near its current price at 1.3327. ‘
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Forex: EUR/CHF soars 300 pips to 1.4300 on likely SNB intervention
May 19, 2010FXstreet.com (Barcelona) – The Euro is performing a spectacular rally against the Swiss Franc on the back of a suspected SNB intervention, as the pair has surged about 300 pips in three hours jumping from 1.4000 area to session high at 1.4305. Above 1.4300/05 session high, the pair might find resistance at 1.4320 (Apr 28 [...]
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Swiss National Bank Lets Franc Surge to Record High on the Currency Market
March 26, 2010Is the SNB ready to back off a little in currency manipulation? Since March of 2009, the Swiss National Bank has been fairly straightforward regarding its methods of buying foreign currencies in order to limit currency appreciation by the franc. And, according to the Forex Blog, it has worked: [B]y all accounts, the interventionist policy [...]