At the Close. The CHF star shining bright.

18:34CET

The Swiss players are pushing their currency higher this afternoon in another impulse to new record highs vs the EUR and near all-time lows vs USD, and this is the main FX topic for the time being. The other pairs seem to be dancing at the song of the CHF crosses, so it will be interesting to keep an eye on them for the time being. I don't like the CHF strength and will certainly not take it at current levels, so either wait for contras or ignore it, but certainly don't play the CHF strength for the time being.

In the other pairs, I will only highlight the fact, the good technical point, that EUR/USD held its moderate support @ 1.3180 and bounced modestly, which indicates that despite the pair's softness (the EU summit ahead of the weekend may have some impact on the pair), techs are still working fine.

Before concluding this closing post, find below how retail traders are positioning themselves long/short at this hour. Thank you for reading my piece of space on the internet. Brought to you by great offshore broker investors-europe.com.

Dec 16, 2010 18:40 GMT+0100

   1. USD/CHF
      73.62% 26.38%
   2. USD/JPY
      73.33% 26.67%
   3. USD/CAD
      72.95% 27.05%
   4. XAU/USD
      71.68% 28.32%
   5. GBP/USD
      50.23% 49.77%
   6. EUR/USD
      48.24% 51.76%
   7. AUD/USD
      47.92% 52.08%

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