Weekly volumes in the franc against both the euro and dollar are above the 90th percentile relative to the past five years, Deutsche Bank AG strategists Daniel Brehon and Nicholas Weng wrote in a report yesterday
Read more“With monetary easing under way by the ECB and Swiss inflation still trending below target levels, the SNB will have to extend the currency cap against the euro into mid-2016 at the very least,” said Bernard Yaros, associate economist at Moody’s Analytics in West Chester, Pennsylvania.
Read moreIn Swissquote’s Friday short term technical trading report, the research team outlines the major technical levels of popular currency instruments with forecasts, below is the outline for EUR/CHF (1.20 floor in play) and GBP/USD. To view and download the entire report, click here (PDF). EUR/CHF: Persistent selling pressures in place • EUR/CHF has made new lows, confirming persistent…
Read more