FX.co ★ Fundamental Analysis, August 11, 2011

Yesterday, the Swiss National Bank intervened for the second time in a week, but the success of the central bank is expected to be short-lived, given the global crisis. The U.S. dollar rose against the Swiss franc, trading at 0.7400 Swiss francs. The euro was also higher against the Swiss franc, trading at 1.0540 Swiss francs.

Gold broke a new record, although at this point it is not new. In this sense, many analysts are already anticipating a value of $ 2000 an ounce by year's end. However, rarely the price moves in one direction, it is recommended to ensure you have sufficient funds in your account to cover any decline in the curve results.

While European equity markets open in upward trend for trade, common currency lies also higher against the U.S. dollar, trading most recently at 1.4180, but still regarded as vulnerable to selling pressure and investors fear that the fiscal crisis in the euro zone may be spreading to France. Those concerns were evident yesterday when the actions of the French banks were in a tailspin, sending the global capital markets below. The dive was precipitated by an unsubstantiated rumor, thinking it was transmitted by speculators, the credit rating of AAA from France was being examinees.