Another very interesting session as the dollar was mostly down against the euro and the pound. The big moves were in the Kiwi and the Aussie Dollar, which fell 250 points; if you recall, Ive been mentioning a decoupling in these two pairs as they would be hit hard if risk aversion were to take place. Although the markets have been unique as of the last few months, we were also paying close attention to the EUR/CHF pair as the SNB was happy to hold the pair above 1.40 figure, which led to us and our members booking more than 200 pips over the last 24 hours. This was probably the biggest risk/reward ratio that was available during the last few weeks, again, pointing to the SNBs commitment on reducing the strength and stabilizing their national currency against the diminishing euro. We are continuing to adapt to the current markets and remain focused on shorter term, news related events.
Dont forget, we will be hosting a Live! Trading session today. Please check the schedule on our website. Premium members may access the direct link in the Members Downloads section. The room will be open 15 minutes prior to trading.
If youd like a more detailed analysis with potential trade opportunities during our live trading session, please join us in the members area. Please visit us at www.spoteuro.com