Swiss Initiative Proposes Sovereign Money System; Posing Risk to Franc

Talking Points: Initiative proponents claim that only 10% of current money supply is from the Swiss National Bank The sovereign money scheme intends to protect tax-payers from bailing out banks Swiss National Bank Chairman Thomas Jordan warns the move would damage Swiss economy If implemented, the system may pose significant risks to the Franc’s status […]

EUR/USD Weekly Technical Forecast: Potential Euro Set up for a Bearish Trend

EUR/USD TECHNICAL HIGHLIGHTS: EURUSD bearish set up in place for a test of 1.2000 FOMC Monetary Policy Decision alongside US NFP at the back end of the week, present risk for EUR For the intermediate-term fundamental and technical outlook on EUR/USD, check out the recently released DailyFX Quarterly Forecast. The EURUSD range of 2018 has […]

GBPUSD Downtrend Set to Continue

GBPUSD talking points: – After touching a 2018 high of 1.4377 on April 17, GBPUSD has dropped back below the psychologically significant 1.40 level. – Now those losses look set to be extended, with the February and March lows the initial targets. Check out the IG Client Sentiment data to help you trade profitably. And […]