Daily FX Commentary
This report has been deactivated

3

0
Daily FX Commentary
Thu, Dec 11 2008, 11:38 GMT
Investica Ltd
Negative SNB outlook weakens franc
The Swiss currency found support on dips towards 1.21 against the dollar on Wednesday and strengthened through the 1.20 level as the US currency had a generally weaker tone. The franc also found some support weaker than the 1.56 level against the Euro.
At Thursday’s policy meting, the National Bank cut interest rates by 0.50% to a band of 0.0 - 1.0% with a central rate of 0.50% which was in line with market expectations.
The bank downgraded its outlook for 2009, forecasting that the economy would contract for the year, and it took a notably pessimistic stance towards the economy as a whole. The bank stated that it may have to consider alternative quantative measures to support the economy while the weakening of the franc was a deliberate policy.
In response to the bank’s comments, the franc weakened to beyond 1.57 against the Euro while the advance against the dollar stalled.
Published on
Thu, Dec 11 2008, 11:39 GMT
Archive
- Daily FX Commentary
Published On Mon, Apr 20 2009, 13:05 GMT
- Daily FX Commentary
Published On Tue, Apr 14 2009, 14:16 GMT
- Daily FX Commentary
Published On Wed, Apr 8 2009, 13:09 GMT
- Daily FX Commentary
Published On Fri, Apr 3 2009, 11:47 GMT
- Daily FX Commentary
Published On Mon, Mar 30 2009, 15:36 GMT
[ View All ]
Investica Ltd
http://www.investica.co.uk | tim.clayton@investica.co.uk
Legal disclaimer and risk disclosure
Investica's market analysis is not investment advice and must not be taken as recommending particular market positions. Investica can take no responsibility for any actions taken by investors.
Related reports
FX View - Headline unemployment rate creates dollar shocker by Interactive Brokers LLC
Fri, Nov 6 2009, 18:41 GMT
Forex Daily Overview - USD mixed, unemployment rises to 10.2% by Easy Forex
Fri, Nov 6 2009, 18:31 GMT
Weekly Market Commentary - Fed, BOE and ECB kept rates on hold by Mizuho Corporate Bank
Fri, Nov 6 2009, 15:45 GMT
Forex Daily Analysis - USDJPY is moving towards support level at 89.55 by Investija.com
Fri, Nov 6 2009, 14:35 GMT
Forex Technical Report - U.S. Markets Brace for Jobs Data by ForexHound.com
Fri, Nov 6 2009, 13:29 GMT
eurusd, interestrate, switzerland, usdchf, eurchf, sbn
View All
Related content
Forex: EUR/USD: Euro post weekly gains
FXstreet.com | Fri, Nov 6 2009, 22:49 GMT
CURRENCIES: Dollar Dips Vs. Yen As Jobs Data Have Fed On Hold
Dow Jones | Fri, Nov 6 2009, 22:14 GMT
U.S. markets ended with small gains, up for the week; Dollar mixed
FXstreet.com | Fri, Nov 6 2009, 21:32 GMT
CURRENCIES: Dollar Dips Vs Yen As Jobs Data Has Fed On Hold
Dow Jones | Fri, Nov 6 2009, 20:25 GMT
CURRENCIES: Dollar Index Dips After Job Data Keeps Fed On Hold
Dow Jones | Fri, Nov 6 2009, 17:36 GMT
eurusd, interestrate, switzerland, usdchf, eurchf, sbn
View All
The Advisor Weblog » Majors’s sentiment for today
Fri, Nov 6 2009, 10:59 GMT
The Advisor Weblog » Starting the day
Fri, Nov 6 2009, 10:59 GMT
The Trader’s Edge » EUR/USD Non-Farm Payroll Analysis
Fri, Nov 6 2009, 08:23 GMT
FX Market Readings » Expected market moves for week end
Fri, Nov 6 2009, 06:52 GMT
FX Market Readings » When all turn long …….
Thu, Nov 5 2009, 16:29 GMT
eurusd, interestrate, switzerland, usdchf, eurchf, sbn
View All
Technical analysis for EUR/USD, GBP/USD - Page 5 - Forex Forum - FXstreet.com
Fri, Oct 10 2008, 12:07 GMT
Yellowlion's Daily EURUSD - Page 6 - Forex Forum - FXstreet.com
Fri, Oct 10 2008, 12:07 GMT
Elliott charts with Grega H. - Page 2 - Forex Forum - FXstreet.com
Fri, Oct 10 2008, 12:05 GMT
Technical analysis for EUR/USD by AceTrader - Forex Forum - FXstreet.com
Fri, Oct 10 2008, 12:03 GMT
The technical analysis of majors - Page 3 - Forex Forum - FXstreet.com
Fri, Oct 10 2008, 12:02 GMT
eurusd, interestrate, switzerland, usdchf, eurchf, sbn
View All
Outlook for the major currencies this week
Ian Copsey | Tue, Sep 30 2008, 08:00 GMT
FX Instructor Live Trading Room
Mark De La Paz | Tue, Sep 30 2008, 11:00 GMT 
FX Instructor Live Trading Room
Mark De La Paz | Wed, Oct 1 2008, 09:00 GMT
Weekly Webinar: 1st on Forex - The Week Ahead
Jerry Furst | Mon, Oct 6 2008, 16:00 GMT
Outlook for the major currencies this week
Ian Copsey | Tue, Oct 7 2008, 08:00 GMT
eurusd, interestrate, switzerland, usdchf, eurchf, sbn
View All
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our
user agreement. Please read our
privacy policy and legal disclaimer.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.