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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 903
Posted: Feb 22, 2010 5:00
Comments: 903
Forum Topic:
CHF
Discuss CHF
A question looms for Philipp Hildebrand, the chairman of the Swiss National Bank: Was it worth it?
The SNB is expected next month to report a paper loss of as much as 10 billion Swiss francs ($9.5 billion) as a result of the massive intervention efforts that started in March 2009 in an effort to slow the rise of the Swiss franc against the euro, the Financial Times has reported.
http://www.marketwatch.com/story/swiss-strength-underlines-intervention-futility-2010-07-16
Worried abit you were about to change career....
hehe
$GBPJPY and EURJPY extend plunge in line w/ tweets and IMT
Ashraf
Short positions below 107 with targets @ 103.3 & 102 in extension after that 100. The RSI has broken below its rising trend line, the pair is under pressure and is challenging its support.
Ashraf