My personal portfolio:
Comment of the Day

June 15 2011

Commentary by David Fuller

My personal portfolio:

USD/CHF currency trade opened

David Fuller's view Long favoured as a safe haven currency, the Swiss franc is overbought and the Swiss National Bank would like to see it weaken. The US dollar is oversold, probably beyond the point where this is still helpful for the US economy. USD/CHF (weekly & daily) looks overstretched, not least against its 200-day moving average and has steadied recently. Consequently, I opened a long in USD/CHF this afternoon, paying CH0.85169 for September position, including a 10-pip spread-bet dealing cost.

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