My personal portfolio:
USD/CHF currency trade opened
David Fuller's view Long favoured as a safe haven currency, the Swiss franc
is overbought and the Swiss
National Bank would like to see it weaken. The US dollar is oversold, probably
beyond the point where this is still helpful for the US economy. USD/CHF (weekly
& daily) looks overstretched,
not least against its 200-day moving average and has steadied recently. Consequently,
I opened a long in USD/CHF this afternoon, paying CH0.85169 for September position,
including a 10-pip spread-bet dealing cost.