Sunday, April 6, 2008

For Monday Usd/Chf



For those who can't handle the volatility of the gbp/chf I will include this pair as a good short candidate. I only recently started trading the gbp/jpy and gbp/chf on a regular basis...it is better to know your weaknesses and compensate then to be foolishly brave. I choose the usd/chf over the eur/usd because the euro is probably over valued for the moment and needs to retrace a little before we see more euro buyers enter the market. As central banks continue to stock pile euros, the euro will continue being a strong currency. Only rate cuts will cause this view to change.

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