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 Swiss CHF
 
 2/2/2007 10:32:26 AM
User is offlinebobby
5 posts


Swiss CHF
 A spike was there in buying CHF today at approx. 14:11 ET (18:11 GMT)?

All currencies were moving into CHF simultaneously. 

There is lack of informations about the reasons of this trend.

Thanks

 2/2/2007 11:10:50 AM
User is offlinechris
5 posts


Re: Swiss CHF
 Swiss frank is also among the top Giants. I am not sure what exactly the reason is because the currency market is too big for CHF being the leader. But if you look at Gold prices. It reached a new high above $700 during the New York trading hours. This is unbelievable news. The relationship between the gold and U.S. dollar is inversely related. When Gold price is up, inflation is up, dollar goes down, vise versa. The long term outlook, the dollar will lose another 20% of its value. In case of inflation situations it is better to purchase stocks.
 2/2/2007 11:42:28 AM
User is offlinehudson
4 posts


Re: Swiss CHF

That’s good darrellblackhaw I’m actually a GBP/USD & EUR/USD trader there is no experience of CHF but today I’ve traded in Swiss. One thing I’ve experienced in my whole trades that the high & the low of any currency is much importance & now m traded also to view only the high & low of the currency. For example today I’ve traded in CHF the low is 1.2201 & the high is 1.2300 I’ve sell at the top of 1.2295 & now I m getting 15 points where I’ve traded by 10 lots so $150 I picked n out from the market. This is the good strategy of High & low of any currency, which I’ve observed. What you say about this?

Thanks

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