Eur/chf Parity On August

Forex News and Events: Forex markets are broadly moving in a risk on pattern aided by the decent rally in regional Asian indices despite massive event risk looming in the not distant future. USD has come under selling pressure while Gold continues to see exodus from longs dropping the precious metal sharply from $1921 to $1827.57. We wouldn’t put to much value in the recent price action as nothing has changed in the macro environment and more likely seeing a short term correction after a few days of severe risk aversion. The news flow today has been on the light side considering what we have been managing the last few days. News wires are buzzing about a possible $300bn jobs package to be unveiled by US President Obama in his Congressional address tomorrow. The primary means of funding ...

(Reuters) - The Swiss National Bank shocked foreign exchange markets by setting a minimum exchange rate target of 1.20 francs to the euro on Tuesday, saying it would enforce it by buying foreign currency in unlimited quantities. The move immediately knocked around 8 percent off the value of the franc, which has soared as investors used it as a safe haven from the euro zone's debt crisis and stock market turmoil. "The current massive overvaluation of the Swiss franc poses an acute threat to the Swiss economy and carries the risk of a deflationary development," the SNB said in a statement. "With immediate effect, it will no longer tolerate a EUR/CHF exchange rate below the minimum rate of CHF 1.20. The SNB will enforce this minimum rate with the utmost determination and is prepared to buy ...

Morning Briefing : Commodity-linked currencies supported by improved risk appetite What's new: Forex: Commodity currencies higher, Swiss franc under pressure Global Markets: Equity markets higher on better US consumer spending data United States: FOMC minutes due at 20:00 CET United States: Consumer spending posts largest rise in 5 months Euro zone: ECB President hawkish in speech before European parliament Forex rates in Asia and Indices: EUR/USD: 1.4533 - 1.4478 USD/CHF: 0.8188 – 0.8151 GBP/USD: 1.6423 - 1.6375 USD/JPY: 76.98 – 76.66 EUR/CHF: 1.1897 – 1.1818 EUR/JPY: 111.81 – 111.04 DowJones: 11'539.25 +2.26% NASDAQ: 2'562.11 +3.32% S & P 500: 1'210.08 +2.83% Nikkei: 8’953.90 +1.16% Shanghai: 2’573.28 -0.12% Gold: $ 1'799.80 Crude Oil: $ 87.37 Comments: Commodity-linked currencies ...

Commentary of the EUR/CHF parity: The parity is currently testing its former resistance at 1.3150 as support. (highest of August 30th and september 2nd). Inidcators are mixed. We stay neutral on the parity between 1.3150 and 1.3250. We advise to wait an exit of this range to take position: - Long if 1.3250 is broken - Short if 1.3150 is broken See the previous analysis of the EUR/CHF parity of September 20th, 2010

Commentary of the EUR/CHF parity: The parity is currently testing its former resistance at 1.3150 as support (highest of August 30th and september 2nd). Indicators are mixed. We stay neutral on the parity between 1.3150 and 1.3250. We will wait an exit of this range to take position: - Long if the price gets back above 1.3250 - Short if 1.3150 is broken See the previous analysis of the EUR/CHF parity of September 17th, 2010

Commentary of the EUR/CHF parity: We maintain our last analysis : 'The parity just broke the support at 1.30, offering a new sell signal. All indicators are getting bearish. We maintain to trade only short positions as far as 1.30 is resistance. The price is currently testing 1.29. The breakout of this level will give a new sell signal. A pullback on 1.30 is possible as long as 1.29 is support.' See the previous analysis of the EUR/CHF parity of August 31th, 2010

Commentary of the EUR/CHF parity: The parity just broke the support at 1.30, offering a new sell signal. All indicators are getting bearish. We maintain to trade only short positions as far as 1.30 is resistance. The price is currently testing 1.29. The breakout of this level will give a new sell signal. A pullback on 1.30 is possible as long as 1.29 is support. See the previous analysis of the EUR/CHF parity of August 30th, 2010

Commentary of the EUR/CHF parity: The parity fake a breakout of the resistance at 1.31 after a highest on 1.3150 (also highest of August 26th). Indicators are mixed. We maintain to trade only short positions as far as 1.31 is resistance. The breakout of 1.30 will give a new sell signal. However, if 1.31 is broken, we will advise long positions. See the previous analysis of the EUR/CHF parity of August 27th, 2010

Commentary of the EUR/CHF parity: The parity just found support again on 1.30. Indicators stay globaly bearish. We maintain to trade only short positions as far as 1.31 is resistance. The breakout of 1.30 will give a new sell signal. However, if 1.31 is broken, we will advise to trade only long positions. See the previous analysis of the EUR/CHF parity of August 26th, 2010