It turns out that the Swiss National Bank is buying foreign currency in order to limit the appreciation of the CHF.
Daily Market Analysis
Two scenarios for EUR/JPY
The stock of Apple formed a bearish candlestick with a very long upper shadow on W1 and closed below the 2018-2019 resistance line.
USD/CHF looks like it has more scope for downside: the pair hasn’t reached support yet.
Brent oil closed last week below the 100-week MA at 61.86 for the first time since 2018
Despite the fact that EUR/USD fell as low as to 1.1025, it still managed to close the week above 1.11.
Facebook's stock formed a bearish “shooting star” candlestick on the monthly chart.
Japanese yen has broadly strengthened as the demand for it as a safe haven increased.
EUR/GBP has so far been one of the most volatile currency pairs. It rose to 2-year highs and the ascent was fast.
USD/ZAR rebounded from the 200-day MA at 14.18 and went up through the 100- and 50-day MAs.
EUR/USD has dived below support at 1.1100 and 1.1050.
USD/JPY consolidated between 108.40 and 108.95 ahead of the Federal Reserve’s meeting later today.