DislikedIf there is a promise to defend 1.20 and SNB not in action then the market must test it. It is question only for couple of days we see 1.20. I wonder how big that defending will be...Ignored
![](https://resources.faireconomy.media/images/emojis/64/1f60a.png?v=15.1)
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DislikedIf there is a promise to defend 1.20 and SNB not in action then the market must test it. It is question only for couple of days we see 1.20. I wonder how big that defending will be...Ignored
DislikedOut of my long from friday @1,2068, was b/e... pity. Maybe a chance to reload on longs (if you believe in SNB defending...)
The reaction to the fat finger was interesting: there are loads of sellers above 1,21. People seem to doubt the 'unlimited ressources' the SNB promised...Ignored
DislikedI think the SNB will defend their 1.2 floor as they did with the 1.5 floor in 2009. But i also think they will not rise the floor to 1.25 or 1.3 in near future, maybe in a few months if it is necessary. Also i think they will wait until price reaches 1.2010-1.2030 before reacting. If EUR/CHF keeps testing 1.20 after the defend, they might raise the floor or push it some more for a few times.Ignored
DislikedDid SNB warn they wanna leave that peg before it breached the 1.5? I wanna know is there any possibility that SNB doesn't react to this floor?
Did anybody trade EUR/CHF in that time and let us know what happened in that time?Ignored
DislikedDid SNB warn they wanna leave that peg before it breached the 1.5? I wanna know is there any possibility that SNB doesn't react to this floor?
Did anybody trade EUR/CHF in that time and let us know what happened in that time?Ignored
DislikedAttachment
I think the SNB has it pretty much on their side.
35 years worth of data my friends, and I'm sure if someone here could be bothered evrey single spike on the extremes of this channel could be matched with a historic events.
Relax and sit back, enjoy the ride, the SNB has nothing to lose. They will intervene 1.20, 1.19, 1.18 whatever, just look at this channel.Ignored
DislikedThe SNB warned before the 1.5 peg breached in 2009 December.
Every meeting in 2009 was the message: "we will defend the franc from every attack" (i dont know the exact senctence)
But in December SNB meeting, they changed the language: "we will defend the franc from every aggressiv attack". It was only one word difference. Two days later, the peg has broken.
In 2010, when SNB give up the intervention, they said it before.
So I think SNB is a credible Bank. They will defend the peg. If not, we will know it before.Ignored
DislikedThanks Simon. So, maybe even tomorrow they change their word and say we no longer keep this peg! as easy as this!Ignored
DislikedThanks Simon. So, maybe even tomorrow they change their word and say we no longer keep this peg! as easy as this!Ignored
DislikedToday should a good day to intervene as Eur/Usd is making new high....Ignored
DislikedToday should a good day to intervene as Eur/Usd is making new high....Ignored