- There was a bounce away from near 1.2000 floor for a second day and today’s low was the first higher low since October 30
- Those who have gone short hoping for a break of the 1.2000 floor have begun to lighten up a bit after Wednesday’s Swiss poll showing the gold referendum being a nonstarter.
- SNB’s Zurbruegg today reiterated the SNB’s limitless support for the 1.2000 floor and disapproval of the Nov 30 gold reserves referendum.
- USD/CHF couldn’t capitalize much on most bullishly US economic data.
The material has been provided by InstaForex Company – www.instaforex.com