I don't know the reason of the spike but I was long all the morning with TP at 1.2270 near the close of the gap.
Maybe I reenter later again. I was lucky nothing more
Maybe I reenter later again. I was lucky nothing more
GBP/CHF and USD/CHF 955 replies
Correlation EUR/USD, USD/CHF, EUR/CHF (Humour me please... Thx) 8 replies
EUR/CHF, USD/CHF turning up? 1 reply
Using usd/chf - eur/usd correlation to see moves in EUR/USD 46 replies
DislikedVery tense yet boring. Scalping minilots both ways to lull the time, waiting for this weekend.
This weekend's game....
First thought : I dare not bet on either direction come Friday seeing ECB gave Cyprus the ultimatum on Monday & many things can happen over the weekend.
Second thought : Better long over the weekend on Friday aftn. If over the weekend some good agreement comes in Cyprus, on Monday, we get the long gap-up. If nothing comes out, we still got the early Asian open time to close our position while ECB's...Ignored
DislikedI read this article and a couple of other pieces on the same topic. I am long EUR/CHF in a position which is safe so long as the 1,20 cap isn't breached, so I *am* interested!Ignored
DislikedI still don't see a direct link on the Swiss gold buying to 20% and an end to the 1.20 cap.
I see buying gold by printing more CHFs will also weaken the CHF, so it's good for SNB right?
I'm not an economist, Can someone enlighten me?Ignored
DislikedThe article implies that SNB will buy gold with its EUR (or other currency) reserves, which would create extra supply of EUR, weakening its vs. CHF/Ignored