20081129 - EURPLN, CHFPLN

The EURPLN is still in uptrend (long-term buy), however it could not break the high of 3.9819 as for now:

eurpln_w_200811291The CHFPLN has similar situation (uptrend, long-term buy):

chfpln_w_200811291We can also observe the possible symmetrical triangle formation on daily chart, which is a continuation pattern. However, this formation becomes reliable only after breakout:

chfpln_200811291Unfortunately for polish mortgage owners, nothing negated the long-term uptrend yet.

High demand on US Treasury Notes pushed their yields below 3% (here), the lowest rate since 1958 (for historical data look here). This could mean growing investor's aversion to risk.

Sources:
[http://federalreserve.gov/releases/h15/data.htm]
[http://seekingalpha.com/article/108441-chart-of-the-week-yields-on-u-s-10-year-treasury-notes-below-3]

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