Dollar Versus Franc and Yen October 4th

FX Strategy Video > Currency Pairs Analysis

USD/CHF rose again on Monday as traders continue to buy the Franc. The SNB is willing to sell the Franc if it rises too fast - so the USD is one of the last remaining safe havens out there. As long as their is pessimism in the markets - this pair rises. We buy dips, and expect to see parity soon.

USD/JPY is being supported by the BoJ, and we see this pair as a great scalping pair from the long side at the 76 handle. The market will give 40-60 pips if you are patient.

Published on 3rd of October 2011
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