As expected, the Feds yesterday, raised benchmark Interest Rates by another 25 basis points. Indices were low despite, as Market Analysts viewed the US Economy as muddled. The latest data on Retail Sales and Inflation also came up short. Today however, the Swiss National Bank (SNB) governing board members will come to a consensus on where to set the target range for the Interest Rate. Traders watch Interest Rate changes closely as short term interest rates are the primary factor in currency valuation.
The charts above show how we view trades in light of the CHF however, do realize that during trades, the risk of losses might exceed capital. Happy Trading.
Potential Catalysts
SNB Interest Rate Decision (3:30 AM ET)
SNB Monetary Policy Statement (3:30 AM ET)
SNB Press Conference (3:30 AM ET)
RBA Assistant Governor Debelle Speaks (3:40 AM ET)
