Reports have surfaced that the Swiss National Bank could tolerate the Swiss strengthening to 1.3000 against the euro. Time and time again intervening has not had high degree of success in preventing a currency from strengthening. If the SNB does intervene, it would not be the first they did that

The EUR/USD pair rose today following two session of declines. The reason here was some relief in terms of the funding problems that European banks are facing. The ECB allotted EUR131.933 billion in three-month funds, which it conducted under a “fixed-rate, full allotment” procedure, essentially allowing banks to borrow as

Price action on USD/JPY, a 4-hour chart of which is shown, has recently been entrenched within an accelerated downtrend. Within this downtrend, after price broke down below key support in the 89.00 price region earlier this week, this currency pair has since consolidated in a slightly bullish, flag-like corrective pattern.