The CHF (swissy) is taking no prisoners as some big money is seeking safety from what may be coming for 2011.
Rumored leaks on bank misbehavior in the US
Not to mention, many more smaller implosions happening in various countries as all the debt that was 'kicked down the road' is hitting the point where it will need to be dealt with.
With all this happening, the questions left are, when will the next wave hit, and how bad will it be?
Being a forex trader has taught me to be a bit of a pessimist about data. It seems like every government in the world thinks that it's the worst thing possible for it's citizens to know the truth about anything. It's become all about backroom deals and secrets.
With all the problems in Europe, a short EUR/CHF trade seems to be a given, regardless of how overextended it might be at the moment. If the forex markets are sensing trouble, it's only a matter of time before the other markets follow.
As we prepare to enter 2011, where do you see profit potential next year?