Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
The Swiss franc (CHF) tapped a lifetime high against the euro (EUR) in the London session on Thursday since the Swiss National Bank (SNB) removed its floor under the single currency in 2015.
The EUR/CHF pair dropped by 0.68% earlier today to tap the 0.9532 low, its lowest point since January 2015, the same day the SNB removed its minimum exchange rate of 1.20 francs per euro.
Commenting on the franc’s price performance, Kenneth Broux, a senior strategist at Societe Generale, noted:
“The Swiss currency right now is the only safe haven in the G10, and I think that’s appealing to investors, as next week with the FOMC it could be another choppy week for stock markets if the (Fed) raises by 75 or even a hundred basis points.”
With the SNB set to hold a meeting with its members next week, Broux suggested that the bank could join the likes of the US Federal Reserve and European Central Bank (ECB) to implement jumbo rate hikes.
Swiss Franc to Rally Amid Aggressive Expectations from SNB
A Refinitiv report shows that money markets have priced in a 75 basis-point rate hike by the SNB in its next meeting, adding that there’s just under a 50% chance of a 100 bps rate hike.
Over with the US, Fed funds are proving in around a 30% chance that the central bank will increase its rates by an aggressive 100 basis points, with markets pricing in at least a 75 bps interest rate increase at its next meeting.
Finally, analysts at ING noted:
“We see a good chance that today’s data will not trigger any material re-pricing lower in Fed rate expectations, and the hawkish inertia into next week’s meeting means that the dollar can stay supported.”
You can purchase Lucky Block here. Buy LBLOCK
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
