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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 901
Forum Topic:

CHF

Discuss CHF
 
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smokethecuban
Preston, UK
Posts: 4
13 years ago
Sep 21, 2011 8:14
must admit that was a nice surprise to wake up to this morning, anyone who got in at 1.2 can now just amend their stop on the way up to capture the pips.....
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Sep 21, 2011 5:37
another mystery, eh?..

"..Leaps to chf0.8986 from chf0.8874 as euro-swiss jumps from
chf1.2160 to chf1.2328 in seconds. The move so far unexplained but
highlighting the nervousness in Swiss markets after talk of SNB lifting
the euro-chf floor to chf 1.2500, and the still unexplained move in
the NY close last night. Dollar now trades around chf0.8940 with
euro-chf around chf1.2265.."
Gunjack
London, UK
Posts: 1184
13 years ago
Sep 20, 2011 18:41
@Cuban - SNB hoping to try and use rational expectations and animal spirits to drive the CHF lower. Everyone keeps saying it's a flawed strategy, but the SNB can keep printing francs and selling them ad infinitum to achieve their goal, so IMO better to be swimming with them than against them. Only way the market could test them would be if or when Greece defaults.
smokethecuban
Preston, UK
Posts: 4
13 years ago
Sep 20, 2011 17:48
interesting one this - if SNB had denied the rumour it would have put selling pressure on which would have meant they would have to pump more at it to maintain the 1.2 level....

perhaps they were just testing the water to see how far the market would push upon the rumour only to reduce the amount they would have to pump it up to 1.25.....it's going to be an interesting few weeks....
sydneyjames
Sydney, Australia
Posts: 348
13 years ago
Sep 20, 2011 15:22
phffftt, buy on rumor, sell on fact
djellal
LAUSANNE, Switzerland
Posts: 531
13 years ago
Sep 20, 2011 15:11
rumours : ! SNB could peg at 1.2500 !

They hold a meeting at 15.00gmt
djellal
LAUSANNE, Switzerland
Posts: 531
13 years ago
Sep 15, 2011 8:17
UBS lost 2b$ in unauthorised trading
djellal
LAUSANNE, Switzerland
Posts: 531
13 years ago
Sep 15, 2011 8:17
they will defend and i think 1.30 is their target
alokd
Texas, United States
Posts: 6
13 years ago
Sep 15, 2011 8:05
What do you guys think about going long EUR/CHF around 1.2050 ? I think the SNB will defend the 1.20 floor for an extended period of time. I remember back in 2009 (Mar- Nov), they didn't let the pair drop below 1.50. Anytime the pair approached 1.50, the SNB would buy Euros and it would pop 70-80 pips.
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Sep 12, 2011 23:33
at the lower channel boundary.. break needed for lower again..
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