Bruce Krasting

Is 105 the New 120? – A Crazy Thought On What Happens Next

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  The Euro CHF has crossed well over the 1.05 level and looks fairly solid to me. This is a huge bounce from the chaotic levels reached on 1/15 when the SNB floated (low of ~.85). The cross is now 20% off the bottom, and only 15% from where the craziness started. Step back and […]

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Closing in on One Twenty

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  Three major FX pairs are closing in on rates where the big figures start with 120. The ones that have my interest are: USDJPY = 119.40 EURCHF  =1.2030 EURUSD = 1.2335   USDJPY looks like it wants to cross 120 in a matter of hours. The question is what happens when it does. My […]