August 10, 2012
Just like its European neighbors, the franc stumbled against the dollar in yesterday’s trading matches. USD/CHF rose 47 pips to close the day at .9766. Will the pair make it three in a row to end the week?
What can you do if good ol’ risk aversion is going against you? Make sure to pay attention to the equities markets, as this could give you the heads up on what side risk sentiment is leaning on today. If you start seeing red across the board, it might mean another day of pain for the franc today.
"The only cable I watch is the pound baby."