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Nov 02 - 06:55 AM

EUR/CHF - SNB's Back But Not In A Big Way And EUR/CHF Crashes

By Jeremy Boulton  —  Nov 02 - 04:35 AM
  • Swiss sight deposits rising for two weeks nAPN034B17

  • Domestic deposits rise above October peak

  • Oct 30 CHF 636 billion vs CHF 635.4 bln on Oct 2

  • During Mar/April deposits rose at a much more rapid rate

  • Weekly gains were regularly between CHF 7-16bln. Now roughly CHF 2bln

  • Today EUR/CHF plunged below 200-DMA. Out trade or flash crash?

  • Timed during an extremely illiquid period, start Asia session/NZ hours

  • EUR/CHF low 1.0630. Now back over 200-DMA @ 1.0676




EUR/CHF Click here

Source:
Refinitiv IFR Research/Market Commentary

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