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The SNB could surprise (again) with a larger than expected hike
The SNB (Swiss National Bank) are expected to hike interest rates tomorrow, which would send their rate above zero for the first time since 2011.
FX: Aftershocks of central bank bonanza
Despite the macro calendar being light, it could be a busy week for FX markets
European Open: Futures point higher, CHF/JPY to follow risk appetite?
Equity markets were mostly higher overnight as they tracked Wall Street’s last-minute gains.
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Asian Open: CHF/JPY looks ready to pop higher, China CPI in focus
Corrective price action since the November high has formed a base around the June high and 50-day eMA. Momentum is now trying to realign with its bullish trend.
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