Posts by "digi"

what for ?

http://www.efixpuls.pl/cotton2/dokumenty/analizy/dzienne/efixRD1_20110823.sxw-PIC-10000000000005500000028F08B21FE8.png

the euro, he said. Currency interventions wouldnt be enough to counter this extreme risk aversion. The SNB is rather powerless.

Policy makers are ready to act as soon as were convinced that its the right time, Jordan at the SNB told Tages- Anzeiger in an interview published on Aug. 11. He also said that any temporary measures to weaken the franc are possible, when asked about a currency peg to the euro.

Ashraf Laidi, CEO of Intermarket Strategy Ltd. in London, sees a currency peg as far from practical, while Simon Smith, chief economist at FXPro Financial Services Ltd. in London, said a currency target would be hard to impose while the franc remains strong


Ashraf Laidi

The break above 1.4370 opens up the 1.4450, 1.4535 pivots as this weeks targets.

- More aggressively, there is also a pattern breakout projection towards 1.4650. A swing projection targets 1.4740.

good one