Four Horsemen of Dollar Index

Central banks around the world are highly active. Some, like in Switzerland and Denmark, are working overtime to prevent their respective currencies appreciate too much. Some, like in emerging markets – India, Russia, Ukraine etc. – are fighting to prevent their currencies not depreciate a lot. Then there are others, like in Japan, U.S.A. and EU, who are…

The Swiss Franking

The Swiss National Bank (SNB) shocked the world with its decision to remove the Euro floor. The franc declined over 15% versus the Euro. Since August 2011, the SNB had been defending the EUR/CHF exchange rate at 1.20 level. It decided to do that after the EU fell in grips of various crises and the franc appreciated 40%…

Trade Alert: Close One More Pound Trade

In June we entered long trades in our long British Pound in June strategy. The exit window for the trades is opening up at the close of trade on July 21st. We will close one of our trades tomorrow.   Related Reading: Forex Trading Weekly: Analysis For Day Traders: Forex Trades – Event Risk And Trade AlertsForex…...

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Trade Alert: Buy a Pound

Early in June we had entered long trades in our long British Pound in June strategy. Now comes another opportunity to enter this trade. We usually follow four entry strategies.On close of June 11th, we had issued three trade alerts. The fourth one will trigger at the close of June 27th. We will hold this trade till mid-July. We will send…...

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Forex Watch – Did Godot Come?

Wednesday June 18th FOMC statement and the press conference did not muddy the water much but it also did not allay all fears and concerns. The Fed has stuck to its plan tapering to wind down its bond-buying program by the year-end and then start raising interest rates some times early next year. That was good…

Forex Market – Waiting For Godot

The Forex market seems to be waiting with a bated breath today’s FOMC Statement and Chairwoman Janet Yellen’s press conference. Already a press conference by ECB President Mario Draghi and a speech by BoE Governor Mark Carney have muddied the water by taking or hinting opposite policy actions. ECb instituted a negative rate policy to spur growth,…...

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EUR/CHF Breaking Above A Channel

EUR/CHF is currently a neutered trade as the floor of 1.2000 put in by SNB is still in effect. The data coming from Euro Zone marginally affects it. The Swiss economy is not as gung-ho as it was some time back, which means the data from Switzerland will also not impact it for some time. So the pair is left to…