Overall there is bad data out for U.S. and the Euro zone. The bad data might not stop yet as we will be continuing seeing bad economic data in 2019 as global growth slow down.
USD and JPY is known as safe heaven, and could be the reason we have seen large moves in the JPY over the past couple of weeks.
U.S 30 year mortgage rate declined to 4,75% and could give...
Long EURCHF - 9/10 Conviction:
1. Having watched the 1.08 level closely post-brexit it certainly looks as if there is some FX intervention going on at the 1.08 handle - suspicions enforced even more as SNB President Jordan has said in the past that FX intervention is on the cards should CHF move even higher when we were around this level previously.
2. Ive...
Long EURCHF - 9/10 Conviction:
1. Having watched the 1.08 level closely post-brexit it certainly looks as if there is some FX intervention going on at the 1.08 handle - suspicions enforced even more as SNB President Jordan has said in the past that FX intervention is on the cards should CHF move even higher when we were around this level previously.
2. Ive...
