Don't Fight Forces, Use Them.
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EUR/CHF is Starting to Build Bullish Momentum
With all this focus on the FOMC meeting, let’s take a look at the EUR/CHF, and therefore avoid the risk event. However, it should be noted that there could be an indirect effect. For example if QE3 if affirmed, flow will be out of the USD and unless the market is full-fledged risk-on, some safe haven flow will have to go toward the JPY and CHF. This flow would give the Swiss Franc at least some very short-term strength and hold EUR/CHF in check. With that said, let’s examine EUR/CHF’s recent development. Different Spike: The EUR/CHF’s spike last Friday (9/7) was different than its previous 3 times coming off ... (full story)
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- Sep 13, 2012 9:10am Sep 13, 2012 9:10am
- Timetraveler
- | Joined Jul 2012 | Status: Horos eimi tes Agoras | 521 Comments
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- Sep 13, 2012 9:30am Sep 13, 2012 9:30am
- DragonFire
- | Joined Sep 2010 | Status: Member | 2093 Comments
There is always a price for promises you don't keep!
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- Sep 13, 2012 10:17am Sep 13, 2012 10:17am
- adzim.manan
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