Forexlive

Forexlive

Founded in 2008, ForexLive has been the go to source for both professional and retail traders from around the globe. Our core belief is that all traders want relevant and succinct trading information, and we deliver it 24 hours a day.

Articles by Forexlive

The CHF is the strongest, while the GBP is the weakest as NA traders enter for the day

Change for the Major Currency Pairs

Well…maybe some NA tradersThe US has a partial holiday with the bond market closed but the US stock markets open. Canada is off for Thanksgiving. So North American traders entering for the day, may be a little stretch today. However, the forex market is open. The CHF is the strongest as some of the euphoria from the events of last week (Brexit hope and China/US) fade and there is a flight into the safety of the CHF (and JPY).

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SNB leaves policy rate unchanged at -0.75 percent

SNB announces its latest monetary policy decision – 19 September 2019. Sight deposits rate unchanged at -0.75%Willing to intervene and will remain active in FX market as necessaryExpansionary monetary policy continues to be necessary.

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CHF is ‘not strong in real terms’ – no need for SNB intervention

EUR/CHF chart, September 2019

A note from Standard Chartered on the Swiss National Bank and the Swiss franc. The SNB monetary policy meeting is next week, September 19.In brief, Stan Chart argue the franc is not strong in real termsadjusting EUR/CHF for inflation leaves CHF around 10% weaker than (non-adjusted) current spotno need for SNB to intervene to try to weaken ittherefore the SNB is not likely to cut rates at their meeting, nor intervene in forex markets in the near termLooks strong to me…

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SNB Jordan: Cannot say how long negative interest rates will last

SNBs Jordan on the wiresThe Swiss national banks Jordan is on the wires saying:He cannot say how long negative interest rates will lastNegative rates are necessary for nowInterest rate spreads like important role for exchange ratesThe USDCHF is trading higher today. It currently trades at 0.9861.

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