A Swiss bank has been a bidder of both [USD/CHF] and Eur/Chf, lifting bo...
A Swiss bank has been a bidder of both [USD/CHF] and Eur/Chf, lifting both into the past few days" ranges. Position squaring ahead of the NFPs is the major driver, Iran's determination to achieve industrial scale production of atomic fuel keeping desires to bid the safe havens intact. Offers are reported around 1.2340 in the pair with bids in the 1.2250-70 area. At this stage, while a Usd uptick looks likely should the NFPs come in on the strong side and impact a short market, it will take something extremely strong to prevent renewed top-picking to emerge. Offers are noted around 1.5630-50 in the cross, these likely to cap given the jittery geopolitical background.
A Swiss bank has been a bidder of both [USD/CHF] and Eur/Chf, lifting both into the past few days" ranges. Position squaring ahead of the NFPs is the major driver, Iran's determination to achieve industrial scale production of atomic fuel keeping desires to bid the safe havens intact. Offers are reported around 1.2340 in the pair with bids in the 1.2250-70 area. At this stage, while a Usd uptick looks likely should the NFPs come in on the strong side and impact a short market, it will take something extremely strong to prevent renewed top-picking to emerge. Offers are noted around 1.5630-50 in the cross, these likely to cap given the jittery geopolitical background.
Dinge die man hastig tut,
bedauert man langsam.
bedauert man langsam.