You are not logged in.
Pages: 1
- Index
- » Analyses / Forecasts (by major banks and brokers)
- » USD/CHF: BNP Paribas reveals its positioning for the rest of this year
#1 07-12-2017 11:03:28
- johnedward
- Admin & Trader
- From: Paris - France
- Registered: 21-12-2009
- Posts: 3861
- Website
USD/CHF: BNP Paribas reveals its positioning for the rest of this year
USD/CHF: BNP Paribas reveals its positioning for the rest of this year
BNP reminds traders that the forex is driven more by position adjustments rather than economic fundamentals in the last weeks of the year.
"Rate spreads have moved in favour of the dollar in the last quarter of 2017 and we believe there is room for the dollar to strengthen itself to reflect these spreads," says the BNP bank.
In line with this observation, the leading European bank recommends buying USD/CHF from 0.9879 with 1.02 as a target.
"Anything worth having is worth going for - all the way." - J.R. Ewing
Offline
Pages: 1
- Index
- » Analyses / Forecasts (by major banks and brokers)
- » USD/CHF: BNP Paribas reveals its positioning for the rest of this year