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Franc Bears On A Swiss Roll?
“Markets are also likely to price little chance of Swiss National Bank tightening for some time,” wrote France’s BNP Paribas last week noting that “EURCHF has surged since late March as a result of declining eurozone political risk premium and the European Central Bank turning more hawkish.” ThomsonReuters IFR made the point Friday that the[…]
Casting A Technical Eye Over Euro/Dollar
There are two old adages in the foreign exchange market that perhaps have a particular resonance when a currency pair could be described as trading with a degree of euphoria. The first adage is that it is never wrong to take a profit. The second is that a trader should always expect to leave something[…]
Friday’s Japanese Inflation Data Is Worth Watching
It was the view of Barclays Bank on Sunday that the prior week’s slide in dollar/yen (USDJPY) “was due to [Federal Reserve] recent dovish comments and heightening political uncertainty in the US rather than JPY strength itself.” Traders will also recall that last Friday’s CFTC data for the week ended July 18 had shown the[…]