Hi TF, SD, and CG,
If interested, some information regarding the Swiss vote and the GLD debate:
http://www.snb.ch/en/mmr/reference/m...old_tjn.en.pdf
http://www.20min.ch/ro/news/dossier/...a-BNS-21694370
It's been quite some time since I have played the spot FX market but interesting EUFCHF spot has hit the SNB 1.2 floor. This could be an opportunity to go long on this pair. The 30 Nov is key; if YES the pair will likely hang around the floor for a while but I can't see this being broken or removed as some are suggesting. If a NO vote then the pair could pop nicely. I only see upside on this pair but the time horizon of when it moves back up is the question....
If interested, some information regarding the Swiss vote and the GLD debate:
http://www.snb.ch/en/mmr/reference/m...old_tjn.en.pdf
http://www.20min.ch/ro/news/dossier/...a-BNS-21694370
It's been quite some time since I have played the spot FX market but interesting EUFCHF spot has hit the SNB 1.2 floor. This could be an opportunity to go long on this pair. The 30 Nov is key; if YES the pair will likely hang around the floor for a while but I can't see this being broken or removed as some are suggesting. If a NO vote then the pair could pop nicely. I only see upside on this pair but the time horizon of when it moves back up is the question....