Thursday, August 13, 2009

The EURCHF Range is Stable but Still at Risk to GDP Volatility

Written by John Kicklighter, Currency Strategist
Volatility is clearly widespread in today’s session with both the majors and yen crosses facilitating two of the market’s dominant, fundamental drivers. Not only is the risk of breakout discouraging range trades; but many of those pairs that could be approached with a high tolerance for risk have seen significant retracements and subsequently make it very difficult to develop reasonable risk/reward structured trades

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