Good call Ashraf yesterday - after getting as high as 1.2341 it subsequently corrected - I took profit at 1.22648 having been in from 1.20694. Now sitting tight awaiting the next opportunity....away from EUR/CHF....I would love to get back into Gold however seems just too volatile right now....
talking forex just announced advisor to SNB has been quoted in Swiss press that SNB may be raising level to 1.25 - his opinion however he is an advisor to the SNB - source "Talking Forex"
must admit that was a nice surprise to wake up to this morning, anyone who got in at 1.2 can now just amend their stop on the way up to capture the pips.....
interesting one this - if SNB had denied the rumour it would have put selling pressure on which would have meant they would have to pump more at it to maintain the 1.2 level....
perhaps they were just testing the water to see how far the market would push upon the rumour only to reduce the amount they would have to pump it up to 1.25.....it's going to be an interesting few weeks....
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(1 year ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(1 year ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(1 year ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (1 year ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (1 year ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (1 year ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(1 year ago)
perhaps they were just testing the water to see how far the market would push upon the rumour only to reduce the amount they would have to pump it up to 1.25.....it's going to be an interesting few weeks....