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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 903
Forum Topic:

CHF

Discuss CHF
 
Sir Ignore
United States
Posts: 3068
13 years ago
Aug 15, 2011 13:21
good morning traders and self appointed professors...

from trading standpoint:
Continuing long usd/chf from 77.10 (11) stop moved to 78.42.
current rate 78.93

possible take 1/2 profit soon and add on dips at 78.00
will post...

g'morning to jamkids...and TZ....
---------------

wahtcha think subio,Dave,digi?
any hookah signalz...
adios muchachos

cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Aug 15, 2011 11:42
reversal of trend?? EUR is sold CHF is bought . No reliable trade signal yet.
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Aug 15, 2011 11:06
Don't think this is significant. Ezone debt crisis is unresolved, unless Eurobonds will be agreed upon. Further SNB has burned billions thus that pensions are endangered. The SNB can hardly dare to sink more billions in interventions.
I think the present exchange around 1.1 is the most SNB can achieve. This will only change if EUR strengthens and the only means is issue of Eurobonds.
DaveO
UK
Posted Anonymously
13 years ago
Aug 15, 2011 10:59
Cat, eurchf projections from the 1.6828 high in Oct 07 to the recent low at 1.0067.

1.1663
1.2650
1.3448
1.4245

watch this space for further guidance.
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Aug 15, 2011 8:29
careful with rumors. From strength monitor it appears the decline of CHF rs halts. No selling of CHF in London trade.
sydneyjames
Sydney, Australia
Posts: 348
13 years ago
Aug 15, 2011 8:16
damnnnn, usd chf is so high. should have kept the profit going..
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Aug 15, 2011 7:49
the rumors spread by Zuricher Zeitung and Sonntagszeitung from switzerland, both very important publications for fx and gold traders, have now reached London

SNB and Swiss government in talks over EUR/CHF target. Lobby group Economiesuisse is pushing for a floor of 1.1000-1.1500, while the Swiss Federation of Trade Unions aims at level of 1.4000. The article notes that the SNB may initially target level that is slightly above 1.1000.

SNB and govt talks are not officially confirmed. It is still rumor.

Thus CHF crosses are now trades for professionals much profit there to be made.
Sir Ignore
United States
Posts: 3068
13 years ago
Aug 15, 2011 0:10
'yep, how abt 8142 a tp..7650 stop from here at 7730 (current)...worth an ante.. '

resetting stop 77.53..
avg entry now 77.10 (11 lots) current 78.30

on chartz..no hot air blah
cat0nip
Germany
Posted Anonymously
13 years ago
Aug 14, 2011 18:32
Interesting story about secret meetings SNB today in Neue Zuricher Zeitung.
The content is beyond chart astrology ... negative rates in short term bonds drop in 3 mon LIBOR , currency swaps, SNB buys Swiss bonds ( increasing liquidity )... all of these are very new measures . But the facts remains that banks and funds won't buy Euro and further that an estimated 800 bln CHF tax evasion money ( 500 bln from Russia) will not be changed to USD and for sure neither in EUR nor in RUB.
It was only one SNB member Thomas Jordan who brought up the idea CHF peg to EUR.
Rumors are that by next wednesday SNB will announce a lower limit to EURCHF of 1,30 CHF for 1 EUR. Question is how will SNB achieve that? SNB sits on 22 bln losses from interventions.
Very obvious is, should SNB confirm a peg to EUR at EURCHF 1,30 markets will test that.
And according to NZZ SNB will only buy foreign currency for CHF 200 bln. Thats not much.

Thus consequence: EURCHF can as well head for 1.2 and for 1.0



Sir Ignore
United States
Posts: 3068
13 years ago
Aug 14, 2011 14:08
yep, how abt 8142 a tp..7650 stop from here at 7730 (current)...worth an ante..