The Swiss National Bank (SNB) are very active in foregin exchange dealings surrounding the CHF. In this section we cover likely intervention from the SNB.
In a number of videos over the past 3 months we have looked at the EUR/CHF with a view to possible upside in that cross pair due to Swiss National Bank (SNB) intervention. Read more >>
USD/CAD continues to sit above the 1.03 level, an area that we feel is the demarcation area for the next rally. USD/CHF continued to drift around on Monday, but the 0.93 level does look constructive at this point in time. The market looks like it wants to grind higher - not run. Parity still is our opinion. Play video >>
USD/CAD had a bearish session on Monday as traders piled into the oil markets. USD/CHF had a bullish day as SNB member Jordan came out and said that the SNB was willing to do “whatever it takes” to keep the value of the Franc down. This wasn’t anything new, so the knee-jerk reaction is probably short-lived. Play video >>
USD/CHF rose during the Friday session, but still faces the 0.9000 level as resistance. AUD/USD first fell on Friday, but the later day saw the formation of a hammer. Play video >>
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