Day: January 19, 2015

January 19
2015

Swissie Backs Off After Huge Rally, Retains Most of Gains

The Swiss franc fell today, declining for the second consecutive session, as the market digests last week’s shocking decision of the Swiss National Bank to drop the cap on the currency. The currency is still far above the levels at which it was trading before the decision. The SNB made a huge surprise for traders last week, dropping its cap of 1.20 francs per euro. Nobody saw this coming as even on the day before the announcement central […]

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January 19
2015

Forecast: US Dollar in 2015

The US dollar demonstrated exceptional performance in 2014. Can the greenback maintain its amazing rally in 2015 or correction is in order? Fundamentally, the dollar has a strong bullish case in the form of expected monetary tightening from the Federal Reserve. Consequently, it leaves the US currency vulnerable to any changes of the Fed’s stance. Still, the monetary policy outlook should drive the greenback higher though some might argue that the factor is already […]

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January 19
2015

When Will EUR/USD Reach Parity?

EUR/USD traded at 1.0000 last time on December 6, 2002 — almost 13 years ago. The highest price it has traded at since then was 1.6037 in June 2008. After that, it was a way down with three correctional upswings if you look at the currency pair on monthly chart: For someone, who did not trade or monitor Forex before the year 2003, the idea of EUR/USD parity (one US […]

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