SNB have cited multiple times,
that they are not afraid of intervening their currency.
According to SNB, the CHF is highly valued
and there could be something about the talk.
But With brexit around the corner + italy budget crises,
CHF could be lifted even more.
on top of that, some German banks cited that Germany
have higher risk of entering a recession.
I am betting against a brexit deal, and we could see
that brexit will be delayed. + italy not accepting the
budget adjustments by the EU and the EU not accepting
the italian budget.
On the flip side.. There could be some agreements regarding the Italy budget from both sides and Uk´s brexit. which could expose CHF to the downside + SNB intervening at the same time.
adding shorts at 1.01516 target around 0.97900
that they are not afraid of intervening their currency.
According to SNB, the CHF is highly valued
and there could be something about the talk.
But With brexit around the corner + italy budget crises,
CHF could be lifted even more.
on top of that, some German banks cited that Germany
have higher risk of entering a recession.
I am betting against a brexit deal, and we could see
that brexit will be delayed. + italy not accepting the
budget adjustments by the EU and the EU not accepting
the italian budget.
On the flip side.. There could be some agreements regarding the Italy budget from both sides and Uk´s brexit. which could expose CHF to the downside + SNB intervening at the same time.
adding shorts at 1.01516 target around 0.97900