CHF Supported As Equity Rally Loses Momentum.

Summary: CHF CHF

In currencies, this is the abbreviation for the Swiss Franc.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. firmed up from Tuesday's lows after the recent equity market rally ran its course. EUR-CHF turned away from 1.5318 highs and reverted re·vert
intr.v. re·vert·ed, re·vert·ing, re·verts
1. To return to a former condition, practice, subject, or belief.

2. Law To return to the former owner or to the former owner's heirs. to 1.5254 lows...

CHF firmed up from Tuesday's lows after the recent equity market rally ran its course. EUR-CHF turned away from 1.5318 highs and reverted to 1.5254 lows in to today's European open Sporting events called the European Open include:

European Open (golf) (which has had several different title sponsors)
European Open (snooker)

. European indices are close to flat, which sapped the market of momentum and directional In one direction. Contrast with omnidirectional. bias, which suggests that range bound activity is on the cards intra-day. USD-CHF is trading in close proximity to the 1.0600 level after it turned away from 1.0645 yesterday. Since the European open the dollar pairing pushed up from 1.0590 to 1.0635, but the dollar is easing, with the underlying trend encouraging supply on strength.

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Publication:	Mena Report
Date:	Aug 5, 2009
Words:	148
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