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Key Fundamental Factors this Week (12/1-12/5)
This week, we have several central bank decisions. We start the week with the SNB vote on a gold-asset requirement and will end the week with the key US NFP employment report. Let’s take a look at this week’s fundamental factors. Sunday 11/30 The Swiss National Bank (SNB) Vote on Gold Asset Requirement is open on Sunday, but the market is expecting voters to reject the requirement for the SNB to hold 20% of its assets in gold. This result should give the market confidence that the SNB can defend the EUR/CHF floor at 1.20. Otherwise, if the vote is affirmative, however the EUR/CHF has a more likely chance of ... (full story)
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