A MORE FREELY FLOATING (STRONGER) SWISS FRANC? SNB has previously defended 1.08 in EUR/CHF but seems to have lowered that boundary recently around 1.07. Still FX reserves continue to increase: growth is nearly CHF 200bn in the past two years Read More →

The dollar dropped to its weakest levels since mid-November on Thursday after the Federal Reserve disappointed forex investors expecting a more hawkish policy stance. Overnight, the Aussie soared after data showed a record trade surplus.

The dollar index, which Read More →

Key Points

• The Euro traded higher this week against the US Dollar, and currently above 1.0800.
• There was a break above a bearish trend line at 1.0795 on the hourly chart of EURUSD.
• Today in the Euro Zone, the Unemployment Read More →

Key Points

• The British Pound surged after testing the 1.2420 support against the US Dollar.
• The GBPUSD pair is currently finding sellers near a bearish trend line with 1.2590 resistance on the hourly chart.
• Today in the UK, the British Read More →