hi statement was very clear.. but the major part still lay on the international banks.
wish u all the best
wish u all the best
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DislikedDoes anyone here know if any service exists where I can get a text alert on my phone whenever a scheduled or surprise announcement occurs with Eur/Chf?
I've been in both situations where I've been at my trading desk, when big news hits (like Japan's intervention last year), and I've made bank off of those announcements.
But the worst is when you come back to the office after eating lunch/dinner or whatever and see a big surprise announcement and you weren't there to trade it.Ignored
DislikedI wonder... If they want to appoint Jordan, why this delay....?
Maybe the government has some other surprise candidate...
Various ministers said they want the floor to 1.3, 1.4 etc...
Maybe they will appoint somebody who shares their wishesIgnored
Dislikedwonder if Soros or some other big hedge fund will want to "break the SNB" just like he "broke the bank of england" back in 1992Ignored
DislikedRead the Jordan yesterday text (http://www.snb.ch/en/mmr/speeches/id...410_tjn.en.pdf). Only 1 Billion Eur was enough to defend the peg. Jordan said:
"On the part of the SNB, the trading limits amount to some
hundreds of billions of euros a day. These limits can be flexibly adjusted by the SNB, should this be necessary. "
So they can buy 1-2-300 Billion eur/day if neccessary. I dont want to spend money to broke the peg
Other thing, the last sentence: "the SNB stands ready to take further measures...Ignored
DislikedRead the Jordan yesterday text (http://www.snb.ch/en/mmr/speeches/id...410_tjn.en.pdf). Only 1 Billion Eur was enough to defend the peg. Jordan said:
"On the part of the SNB, the trading limits amount to some
hundreds of billions of euros a day. These limits can be flexibly adjusted by the SNB, should this be necessary. "
So they can buy 1-2-300 Billion eur/day if neccessary. I dont want to spend money to broke the peg
Other thing, the last sentence: "the SNB stands ready to take further...Ignored
DislikedIgnored
DislikedSNB credibility > FF,zerohedge, etc. credibility. Thus, I am long in the short term. Simple as thas.Ignored
DislikedIgnored