DislikedMr Tyrant... Sir... Or other Fundi analysts here... Do you see the effects of Sunday's vote by the SNB permeating across all majors? Or is it much to do about nothing? Any real market moving potential other than EURCHF?Ignored
So if ahit goes down bad and gold referendum does get passed with an ok vote, eurchf will gap down hard... And a lot of peoples stop will get triggered ar market open...
Too many people are long the eurchf at 1.2010/20 levels with stop loss say 1.1980/90.... These guys may wake up to an unpleasant surprise
More so if they woke up and eurchf gets to 1.1950 or 1.1900, the brokers may not be able to fill the orders and the stop losses will run as pending or be filled with a 50 pip slippage.... A risk i dont want to take over the weekend, can go sourly wrong...
But the upside... Fairly limited.....SNB doesnt have to buy the euro to keep the eurchf pegged at 1.20, they can simply dump the chf to weaken the chf enough to keep the 1.20 on eurchf... But dumping the chf... What would snb buy next is the good question....
We live in a finite world with infinite possibilities.