Forex Trading: record highs for Swiss Franc and Gold

by Joe Oliver, Forex Trading-Pips

Forex Trading: The selloff in USD.CHF continues this morning early Asia session with the pair breaking to new lows 0.7559 following Standard & Poor’s downgrade of US long term credit grade from AAA to AA+.

Forex Trading USD.CHF, daily bars

Forex Trading USD.CHF, daily bars

 

 

 

 

 

 

 

The flight to ‘saftey’ can also be seen in Gold which has gapped up early Monday morning. Gold is increasingly assuming the role of an alternative ‘currency’ for investors as sovereign debt concerns and government intervention creates instability in the world financial markets.

Forex Trading, Gold gaps up

Forex Trading, Gold gaps up