Hello fellow traders, nice to meet you. Here are two trading ideas of my own tonight…
USDMXN: I think it might close that huge gap between here and 19.46. What do you think?
CHF: It appears Swiss stocks will no longer be traded in London after this week, which is going to really hurt the Swiss economy. These two countries are already slinging threats at each other, so I don’t think they will resolve this by July 1. Seems to me this potential development should be pushing the CHF DOWN right now in anticipation. I think this will also hurt the Euro, but not nearly as much as CHF. What are your thoughts on this potential, and its effects on CHF? Remember last time they decoupled? It’s like that, maybe, but we have this advance notice about it.
London still plans to de-list all Swiss stocks on Monday. I’m still short CHF via long AUDCHF, EURCHF, CADCHF. But everything else says the CHF should go up, pushing those pairs down.
I must be missing some major piece of information. I don’t know why everyone isn’t clamoring to short the CHF.
@zrrsys on USDMXN I have an entry stop at the buy and sell levels of your first chart. And that’s an interesting pitchfork.