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Swiss Secrecy Laws Soon to be Swiss Cheese?
The Financial Times has been putting the Currencies on the front page as of the last few days with focus on the Swiss Franc being devalued by the Swiss National Bank. Peter Garnham at the FT quoted Chris Turner at ING as saying, “Let the currency wars begin.”
More Interventions on the Way?
With the G20 now bubbling up to a quick boil - we better hope that these G’s get it right. It seems that common sense is everywhere but where it is needed most when it comes to stimulus and waking up and/or firing the regulators.
USD-CHF 1 Hour Chart - Raising the White Flag
But will the Intervention Hold?
USD-CHF - Daily Chart - It’s Just Another Retracement
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Jerry Furst is an active trader, educator, and Founder of Investors Education Network (IEN), He is a Mentor and Trading Coach to Select Clients Click Here for a Free Self Evaluation Survey.
Hi Jerry
I know nobody can tell the future but I am still in the bearish boat for Euro U.S.D. for the next year.
Do you think I should jump ship.
Regards
Byron
hi jerry, i told you about the condo in boca. it’s at windwood across from FAU…it’s for sale!! not officially.
great class. thanks again…