Tag: swiss franc

Sell the U.S. Dollar and Buy the Swiss Franc: BNP Paribas

Filed in economy, New Gold, Spot Gold by on February 11, 2010 0 Comments
Sell the U.S. Dollar and Buy the Swiss Franc: BNP Paribas

Filed under: Analyst Reports , Technical Analysis Here’s an intercurrency spread trade recommended by BNP Paribas SA. A spread trade is when you sell one currency and buy another, looking for the trade to go in your direction. In this case, the recommendation is to sell the U.S. dollar and buy the Swiss Franc. This means the expectation is for the dollar to go down and the Swiss Franc to go up. BNP Paribas is one of the world’s largest currency traders. The basis for the trade is technical. In other words, the recommendation is made strictly on price movement, without regard for fundamental factors such as strength of one economy over the other. Continue reading Sell the U.S. Dollar and Buy the Swiss Franc: BNP Paribas Sell the U.S. Dollar and Buy the Swiss Franc: BNP Paribas originally appeared on BloggingStocks on Thu, 11 Feb 2010 10:50:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

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