When does it stop going up? It's never looked back much since the BOE raised rates... funny thing is the EUR/GBP did not anti-correlate nicely... Comments? Some of you with the correct short entry can make a KILLING in the GBP/CHF. Good Trading to You
Six weeks ago I rode it down from 2.300 to 2.2650 trading off support and resistance levels, although I 'm not sure that I am that good at trading it just that it was easy to trade. If you have lots of cash I will guarantee that it will trade down to 2.300 within six months, however it could make a new high in the mean time. It will be interesting if 2.300 can become support or if it will go lower to settle into a more familiar range.
Yes that would be "telling". We have seen a "new Level" and it will prolly establish a new "set of ranges", but this one is "sloppy" with a lot of "overlaps" that are not significant. Watch the London open. Good Trading to You.
Over at fxstreet.com Nicole Elliot has a TA report out on GBP/CHF. I have found her to be a very good anayst. http://mediaserver.fxstreet.com/Rep...c5d4/4f9efd6f-e582-40f4-a185-b1b95698c720.pdf
If we are short GBP/Long CHF in spot forex what is the debit interest like every day? thanks also what will be the credit interst if we are longGBP/short CHF?
Shorting GBP/CHF will cost you $14 per lot/per day. I have a buy sig on GBP/CHF right here at 2.3197.
Thanks Riskarb for the approximate $ figure. On the other hand can I constrcut a Long GBP/CHF combo indirectly like this & get some interest? Long GBP/JPY ( good positive carry?) Short CHF/JPY (relatively not so expensive debit) Any experience how IB deals this? Thanks once again.