eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
May 07 - 06:55 AM
–
EUR/CHF - Shift In Swiss FX Reserves Putting EUR/CHF Back Under Pressure
By Jeremy Boulton — May 07 - 04:37 AM
• EUR/CHF rose 0.8981-0.9266 when FX reserve grew CHF 11 bln
• Reserves since falling CHF 5 bln and EUR/CHF down to 0.9146
• EUR/CHF has broken back below the 55-DMA at 0.9152
• The 21-DMA 0.9197 set to fall below 100-DMA 0.9190 - sell signal
• Boom for stocks may lessen demand for safe havens like CHF
• Less need for intervention may see EUR/CHF to fall further
• Market euphoria meets FX apathy; quiet spell may break soon
•
EURCHF
(Jeremy Boulton is a Reuters market analyst. The views expressed
are his own)
Source:
London Stock Exchange Group | Thomson Reuters