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Thomson Reuters
Mar 04 - 07:24 AM
EUR/CHF - SNB Might Have Eased Its Grip On The Franc
First appeared on eFXplus on Mar 04 - 05:05 AM
  • Latest sight deposit data could suggest SNB inaction last week
  • Domestic bank and total deposists fell w/e march 1 nAPN004HWP
  • Last week's data an exception: SNB deposits have surged since Dec
  • CHF holding better levels and this despite the EM-risk mkt rally
  • EUR/CHF in a holding pattern on weeklies following early Feb slide
  • SNB likely sat at levels around 1.1320, recent range lows
  • 10WMA at 1.1330 and 100WMA on top at 1.1425

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