The Binary Options Trade EVERYBODY is Talking About!

Restored from the Empower Network archive (2011–2017), lightly edited to meet our current advertising standards. Views are the original author’s.

How Binary Options Traders Are Targeting The Swiss Franc (CHF)

The biggest trading action we’ve seen in the last few sessions in the binary markets is in the Swiss Franc (CHF). Credit Suisse recently announced that they would enforce negative rates on Swiss Franc deposits, stirring immediate selling pressure on CHF binary options as traders became increasingly concerned Swiss Franc funds will no longer be converted into other currencies. Moderate gains were noted in EUR/CHF and AUD/CHF. The negative interest rate went into effect on December 10. It will be interesting to see whether more banks will follow Credit Suisse, which could continue to weaken The Swiss Franc in the upcoming week. Click Here for more CHF Analysis and to trade Swiss Franc Binary Options.

Recall last week we highlighted exactly how we were trading Swiss Franc Binary Options using a simple yet effective trading strategy. You can still view our Swiss Franc trading videos here: Swiss Franc Currency Pair Video Updates

Watch The EUR/USD on December 12

Focus for this week will be on the US interest rate announcement on Wednesday. The market will want to know if the Fed will continue their easing measures, which if this occurs the US dollar will post substantial weakness against a number of currencies. The EUR/USD could be the big winner in such a scenario. The US Fed will publish its monetary policy at 17:30 GMT.

Watch The Swiss Franc on December 13

On Thursday the Swiss National Bank (SNB) is due to reveal their monetary policy. It is widely expected by the market as traders will look for any hints of the 1.2000 floor in EUR/CHF or whether the central bank will post negative rates (like Credit Suisse) for offshore CHF deposits. All CHF pairs will be observed as a ‘quick’ opportunity may rise from the announcement at 08:30am GMT.

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