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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 903
Posted: Feb 22, 2010 5:00
Comments: 903
Forum Topic:
CHF
Discuss CHF
Hence USDCHF is falling the hardest
Ashraf
Given their own ties to the EU, the Swiss released their own bank stress test results for their own largest banks. Test criteria & results supposed to be better. We havent seen details, though they could hardly be worse.
Given the paucity of CHF specific events, the Swissies continues to move with higher with risk aversion, thus the dubious EU banks stress tests should ultimately benefit the CHF, though it would likely lose ground to the safer, less EU-sensitive JPY and USD.
Support for the USDCHF holding above 1.0479, for the EURCHF above 1.3255
Here is the chart. http://img185.imageshack.us/img185/5118/image65.png
http://bit.ly/dwpTgl
growing Public Debate Over SNB's escalating losses
Ashraf
Setting buy orders for EURAUD around 1.4375.
u got a target of 10650
dont u thiink it will correct more than that on the upside?
prospect about selling CHFJPY @ 82.71 s.l 83.71 targeting 77 area?
Ashraf