OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: Massive structurally long positions in CHF may be in danger - FXWW

FXstreet.com (Barcelona) - The Swiss Franc has been one of the worst performing currencies in recent trading, with the EUR/CHF resuming its upside momentum to a new 6-week high at 1.2342 - level threatened now as we type - while the USD/CHF has also been able to muster further gains to stall at the 0.95 round number.

According to Sean Lee, founder at FXWW: "There are massive structurally long positions in CHF assets which have been built up over the last 5 years. We saw similar build-ups in Yen and in Gold which have recently started to unwind. If a similar move happens in the Swiss financial markets, then USD/CHF and EUR/CHF will be trading at 1.10 and 1.40 respectively.·

Forex: USD/JPY consolidation continues as BoJ rate decision nears

The USD/JPY traded in a very narrow range today, closing up 16 pips at 99.52. Market participants seem to be on edge with the pair approaching the psychological level of 100, and the Bank of Japan rate decisions approaches (due out on April 25th at 23:30GMT).
Read more Previous

Forex Flash: AUD, NZD near term risks tilted to the upside - Westpac

For AUD and NZD, "the near term risks appear tilted towards the upside, particularly with key commodity markets showing signs of stability" notes Jonathan Cavenagh, FX strategist at Westpac.
Read more Next
Start livechat