by Henry Liu on December 9, 2009
3:30am SNB Libor Rate Decision Forecast 0.25% Previous 0.25%
ACTION: USD/CHF SELL 0.50%
SNB (Swiss National Bank) is likely to keep the 3-month libor rate at the current level of 0.25%, as surveyed by reuters today. As a matter of fact, most analysts agree that SNB is likely to keep rates unchanged until mid 2010. As SNB is not in the habit of surprising the market, it is practically 100% that SNB will keep rates at 0.25%; however, just in the event that SNB does hike rates, we will SELL USD/CHF immediately.
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by Henry Liu on September 16, 2009
8:00am (NY Time) CHF Libor Rate Decision Forecast 0.25% Previous 0.25%
ACTION: N/A
SNB (Swiss National Bank) is expected to leave the official Libor rate unchanged at 0.25%, as almost all of the economists surveyed by Bloomberg would agree. However, the real market mover may be the accompanied statement by the SNB governor Jean-Pierre Roth, who may intervene for the currency verbally yet again as SNB has done in the past.
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by Henry Liu on September 13, 2009
Hello everyone:
Another seemingly quiet week has gone by but the market has not failed to surprise us yet again… The biggest news last week was not the rate decisions nor the lack of high-impact trend changing news releases, but the apparent endless strength of the Japanese Yen under the new ruling party, which managed to push the USD/JPY close to the 90.00 handle, approaching that yearly low level of 87.00…
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