The oil price remains low with Brent around USD40/bl

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 10, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Market Movers We expect no action from SNB today following the ‘light easing menu’ from the ECB (previously we expected a 10bp cut). Following the ECB meeting, EUR/CHF jumped and pricing that the SNB should cut near term was greatly reduced. That said, if SNB keeps the powder dry today there is a downside risk to EUR/CHF near term, but given that the cross remains in the high end of the SNB ‘comfort zone’, we believe SNB will continue to use intervention as the first line of defence against

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