Main event of last week was
for once more GREECE!
The restructure of debt has been concluded after Greece has initiated the CAC's and ISDA has announced that Greek CDs should
be paid. However so far we have no main reaction from the markets since many believe
that it has been already priced in. eurusd fall but not dramatically.
As it concern EURCHF now, last week we had the release of the report from KPMG on the SNB member financial transactions. Nothing illegitimate has been found for Jordan making him a very likely candidate for SNB president .EURCHF has been consolidating near 1.2050 levels without any dramatic moves. Economic data released last week also indicated that the Swiss economy is going to a mild recession. Next week we have the meeting of SNB for rate decision and we expect the new president to be announced during April.
Finally yen has been the main mover last week getting weaker against all crosses. USDJPY has managed to break above 81.50 level and advancing. I am still in this trade and following closely any major development
Overall, my positions are doing ok and look promising for next week
As it concern EURCHF now, last week we had the release of the report from KPMG on the SNB member financial transactions. Nothing illegitimate has been found for Jordan making him a very likely candidate for SNB president .EURCHF has been consolidating near 1.2050 levels without any dramatic moves. Economic data released last week also indicated that the Swiss economy is going to a mild recession. Next week we have the meeting of SNB for rate decision and we expect the new president to be announced during April.
Finally yen has been the main mover last week getting weaker against all crosses. USDJPY has managed to break above 81.50 level and advancing. I am still in this trade and following closely any major development
Overall, my positions are doing ok and look promising for next week
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