All eyes are the FOMC for Janet Yellen’s eagerly awaited; will she, or won’t she keep PATIENT in the statement.
There is so much written about this one word, and I am guilty of it myself, but I have lost all PATIENCE even thinking about it now. Irony rules OK!
The SNB meets tomorrow morning Thursday 19th March at 0430AM (EDT) and Thomas Jordan has the chance to deliver another market moving, (at least for the CHF currency) piece of data for the second meeting in a row.
Having already secured himself a place in the financial history books following the removal of the EUR/CHF PEG, he has a further opportunity to announce the CHF as a major contender in the Central Bank race to the bottom.
As we now know, to weaken ones currency is so 2015…it is just as fashionable as Jimmy Choo stilettos. Not that I wear them, not at all, however I strongly suspect a few analysts on Wall Street behind closed doors probably do and they are not all female! I digress…
Both Central Bank President’s and Governors have achieved “ROCK STAR” status. They media unable to fill their bellies with enough data have elevated these guys and gals to the highest pedestals available.
Thomas Jordan, so far in #1 position in 2015 I believe could be increasing the negative interest rates on CHF bank deposits etc. It is currently at 0.75% there is scope to increase to keep the CHF weak and gain back the cross-rate position levels held prior to the EUR/CHF PEG removal.
Be prepared and get ready if you are awake and able to trade USD/CHF and EUR/CHF to the long side and CHF/JPY to the short side…. plus the other CHF pairs if you so wish.
Scott Pickering
18th March 2015
There is so much written about this one word, and I am guilty of it myself, but I have lost all PATIENCE even thinking about it now. Irony rules OK!
The SNB meets tomorrow morning Thursday 19th March at 0430AM (EDT) and Thomas Jordan has the chance to deliver another market moving, (at least for the CHF currency) piece of data for the second meeting in a row.
Having already secured himself a place in the financial history books following the removal of the EUR/CHF PEG, he has a further opportunity to announce the CHF as a major contender in the Central Bank race to the bottom.
As we now know, to weaken ones currency is so 2015…it is just as fashionable as Jimmy Choo stilettos. Not that I wear them, not at all, however I strongly suspect a few analysts on Wall Street behind closed doors probably do and they are not all female! I digress…
Both Central Bank President’s and Governors have achieved “ROCK STAR” status. They media unable to fill their bellies with enough data have elevated these guys and gals to the highest pedestals available.
Thomas Jordan, so far in #1 position in 2015 I believe could be increasing the negative interest rates on CHF bank deposits etc. It is currently at 0.75% there is scope to increase to keep the CHF weak and gain back the cross-rate position levels held prior to the EUR/CHF PEG removal.
Be prepared and get ready if you are awake and able to trade USD/CHF and EUR/CHF to the long side and CHF/JPY to the short side…. plus the other CHF pairs if you so wish.
Scott Pickering
18th March 2015
Some thoughts to help you trade more consistently