October 15, 2010
I’m gonna start callin’ the Swissy “The Mailman”… because he always delivers! Haha! It delivered another strong performance against the Greenback yesterday, forcing USD/CHF to a new record low. Before it eventually closed at .9529, the pair had plunged from its opening price of .9591 and bottomed out at .9464.
Once again, Greenback weakness helped pull USD/CHF down the charts. Switzerland didn’t even need to publish any reports to beef up its currency!
Coming up… Nothing! No reports are due for release from Switzerland again today. So in the meantime, head on over to the U.S. as it’s scheduled to publish a few hard-hitters later in the day. Be on the lookout for worse-than-expected U.S. results because Swissy bulls love to feed off them!
"The only cable I watch is the pound baby."