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Rising euro a function of positioning, not fundamentals

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Outlook: A year ago, the Swiss National Bank unpegged the Swiss franc from the euro and set off an immediate and giant move. See below for a discussion. Spoiler alert: we learn almost nothing from the episode, or at least nothing useful about behavior of the SNB going forward, let alone anything about intervention by China. FX is the only market in which governments intervene with any regularity, but it’s still rare and it’s still an act of desperation. And it hardly ever ends well. In today’s

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