Below the chart of the EUR/CHF with the percentage to hedge at the bottom.

Maybe it’s good to compare this with the two other legs of this cross-rate with the timing of their trends.

In order to get EUR/CHF you need EUR/USD and USD/CHF and you can see those chart here:

http://www.2hedge.com/mmfxhedge.html

Next week breakout levels which you can compare to last week breakouts.

For details see also: http://www.2hedge.com/mmevbo.html 

A different way of creating a currency chart is the Fixed Range Bar chart.

Each bar has the same length and therefore the time factor is not used.

Only a new bar is build once the present bar has reached his fixed length.

With this chart turning are better calculated, the first close passing the green trend line.

A new trend is redrawn once the close has not passed the present trend line.

We will come back on this type of chart later.

Only a few software programs can show the Fixed Range Bar Chart.

Swiss Franc heavy move on speculation of intervetion by SNB:

http://www.bloomberg.com/apps/news?pid=20601083&sid=aK3eQFf90DHU

and it’s impact on other currencies:

http://www.olsenscale.com/view/date/2009-09-30-12-00/

Next week breakout levels which you can compare with last week breakouts.

For details see also: http://www.2hedge.com/mmevbo.html 

Georgian Bank, Atlanta, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. …

http://www.marketwatch.com/story/atlantas-georgian-bank-fails-95th-of-the-year-2009-09-25

http://www.calculatedriskblog.com/2009/09/bank-failure-95-georgian-bank-atlanta.html

Have a look at Forex reaction on US Initial Jobless Claims.

http://www.olsenscale.com/view/date/2009-09-24-12-30/ 

It’s not only spot trading, but here a new currency fund.

Deutsche Bank has launched a Ucits III compliant currency fund, a benchmark index product which offers institutional investors access to broad currency market returns.

(c) hedgeweek

http://www.hedgeweek.com/2009/09/22/deutsche-bank-launches-ucits-iii-currency-fund

FTSE Group and Record Currency Management have launched the first set of indices within the new FTSE Currency Forward Rate Bias Index Series.

The new FRB5 indices use the five most widely-traded currencies (US Dollar, Euro, Japanese Yen, Pound Sterling and Swiss Franc) in a forward rate bias (also referred to as carry) strategy.

http://www.hedgeweek.com/2009/09/21/ftse-launches-first-range-currency-frb-indices

Strange times in the USA, but for sure many more go to church here !