US Debt limit agreement, volatility and something about CHF crosses
I don’t know about you, but I think the volatility we are going to see this week might be something to note (and be careful about).
First, we have plenty of fundamentals announcements, just to mention a few of the most important:
- NZD, JPY, EUR and GBP interest rate announcements
- US Non-farm payrolls report
Second, US Debt-Limit agreement, there is optimism about the agreement, but some analysts are already talking about a possible US debt rating downgrade, if this happens, I don’t want to tell you how the market is going to take it…
Third, its not that evident but still could mean something. Today there was a holiday on Swiss banks, but did you see the CHF movements? It went up on almost all crosses, including: GBPCHF, EURCHF, USDCHF, etc. It could be that something on Europe is cooking, and traders and investors are using the CHF as a safe heaven.
What do you think?
Be careful this week , would you?