Intraday Market Thoughts

Archived IMT (2009.03.12)

by Ashraf Laidi
Mar 12, 2009 13:23

Swiss National Bank intervenes by selling francs against USD, EUR as it sees rising risks of negative inflation over next three years as well as GDP contraction of 2.5% to 3.0% . CHF is damaged across the board. AUDCHF shatters 77 adding more profits to the AUDCHF Hot-Chart after hitting the 76.25 target. Today's HotChart shows signs of a peak in the US Dollar Index as it fails to break its 7-year trend line.


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