10 days of trading left and still a lot can happen. The way this market is behaving , I would say anyone from top 50 can claim the top spot.

if we look back last year at this point of time , the market acted up pretty much same like this year. The biggest surprise last year was Swedish Krona when it jumped to 9.345 from 8.60. However it went down eventually after a week or two. This year Swiss franc gained almost 30 percent against dollar and euro. At one point it was up 39%.. This usually doesn't happen with widely held held currencies. So why it behaved like that?



ANSWER - three years ago Central bank put a ceiling swiss franc. .20 per euro to block currency appreciation which was causing issues to Swiss exporters. However, to everyone's surprise they abandoned the ceiling because of sovereign bond buying programme by the Central governement in the coming few days.

EFFECT ON MARKET - short term = Volatility

long term + The pair will eventually settle down.


So trade as much as you can and make the most of it



Cheers !!
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