Swiss Franc to Profit from European Slump
Oct 9th, 2008 | By Jack Crooks | Category: US Dollar & Forex TradingCurrency expert Jack Crooks says traditional “safe haven” currency the Swiss franc looks set to benefit from a slump in Europe.
This from the Sovereign Society:
If we had to pick a “looking in the other direction” favorite, I guess it’s the good old Swissie.With the eurozone breaking down in a big way, Switzerland — though not setting the world on fire and still smarting from the reality that Swiss bankers don’t seem to be able to control risk any better than anyone else — seems as though it might garner some money flow from the ‘zone and Central Europe.
Swissie Trade Points to Profit with a Glowing Exit Sign
It appears the selling pressure is waning, evidenced by the decline in selling volume in the Swiss futures listed on the CME…
Perhaps a higher dollar and Swissie are two of the few positive developments rising out of this economic mess.
Source: Dollar Bull Trudges on, Swissie Points to Quick Profit
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Jack Crooks is editor of World Currency Options, and a contributor to the World Currency Watch blog. Jack is a seasoned investment adviser, who has held key positions in brokerage, money management, trading, and research. He is the founder of Black Swan Capital, a currency advisory and management firm, and of Ross International Asset Management.
