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  • SNB Monetary policy assessment: 15 March 2012

    From snb.ch Story is in PDF Format

    The Swiss National Bank (SNB) will continue to enforce the minimum exchange rate of CHF 1.20 per euro with the utmost determination. It is prepared to buy foreign currency in unlimited quantities for this purpose. The target range for the three-month Libor will remain unchanged at 0.00–0.25%. The SNB will continue to maintain liquidity on the money market at an exceptionally high level. Even at the current rate, the Swiss franc is still high. In the foreseeable future, there is no risk of inflation in Switzerland. Compared to December, the inflation forecast has even fallen further. If developments in the ... (full story)

These peoples s*cks a big time... At a time they says they will defend the peg but whenever any CHF news comes out it always makes CHF go strong...s*ckers...
yeah... getting stronger and stronger
they cant do more than this rather to sleep with their wives
  •  Guest
  • | IP XX.XX.250.137
The only s*uckers are the news traders.
they are forcing algorithms to buy CHF feeding them with good data and headlines
  •  Guest
  • | IP XX.XX.91.6
full population will die from heart attacks from SNB Stupidity
never bet on it but opposite short short short when u want winning money
longs had just caused me loss and heart attacks
i had 1 order short 1.213 and 3 long 1.2100
u guess wat won- the short and closed the longs at breakeven
dont buy any area up 1.21 break it to 1.2050 was better winning 10pip/order scalping daily
by time Snb decide to intervene u win the intervention whatever spike scalping daily
teach me something.. does this has effect on GOld? or just on CHF?
Quoting safdarhashmi
they cant do more than this rather to sleep with their wives
Jordan is upcoming in front of MEDIA within few days!!!! lol
  •  Guest
  • | IP XXX.X.223.212
Quoting GoldJunior
teach me something.. does this has effect on GOld? or just on CHF?
Gold with get higher on low interest rates.
then jordan don't have enough water in his balls to sleep with his wive
Quoting joynal2u
Jordan is upcoming in front of MEDIA within few days!!!! lol
  •  Guest
  • | IP XXX.XXX.96.104
and what about gold???? is there some impact on gold???
It might also be there are dollar sellers around.
Simply forget everything about the SNB: the pegg works fine withe the euro: simply forget (temporary?) the CHF.

At the present time CHF= EURO...
my guess is that as long as we don't see massive selling in usdchf, eurchf will stay in the 1.2080-1.2120 area, regardless of eurusd
  •  Guest
  • | IP XX.XXX.161.177
Quoting iwjw
my guess is that as long as we don't see massive selling in usdchf, eurchf will stay in the 1.2080-1.2120 area, regardless of eurusd
What? EURUSD + USDCHF = EURCHF
So if EURUSD falls and USDCHF doesn't move then EURCHF should go south. Same thing on the up side.
  •  Guest
  • | IP XX.XX.91.6
dirty game played- not allowing a higher low
very oversold from 1.2105 but took it down 1.2095 matching the after news lower low 1.2085
Quoting Guest
What? EURUSD + USDCHF = EURCHF
So if EURUSD falls and USDCHF doesn't move then EURCHF should go south. Same thing on the up side.
you will barely see usdchf not move if eurusd moves
there is no money to be made to the downside with eurchf
they are doing it with other crosses like euraud where sometimes audusd is within a few pips range and eurusd/euraud are having party
Quoting Guest
What? EURUSD + USDCHF = EURCHF
So if EURUSD falls and USDCHF doesn't move then EURCHF should go south. Same thing on the up side.
i agree - they are manipulating arbitrage doing their quant math - GBP seem to be involved too. if GBPCHF strong than lift in EURGBP may lift EURCHF...
utmost determination ... unlimited quantities ... enforce 1.20 ... utmost determination ... lady friends buying dollars ... unlimited quantities ... kinda stuck on repeat.
forget about tomorrow, just steal away into the night
  •  Guest
  • | IP XX.XXX.161.177
Do we know how much CHF they have been buying since they announced the floor?
  •  Guest
  • | IP XX.XXX.161.177
EUR I mean
  •  Guest
  • | IP XX.XXX.144.98
Quoting iwjw
you will barely see usdchf not move if eurusd moves
there is no money to be made to the downside with eurchf
they are doing it with other crosses like euraud where sometimes audusd is within a few pips range and eurusd/euraud are having party
...but of course! If you were printing CHF would you choose Euro? From the SNB viewpoint you would rather hold USD, GBP or AUD for your francs (maybe JPY), just in case things get really bad with Spain and Italy.....
Quoting Guest
...but of course! If you were printing CHF would you choose Euro? From the SNB viewpoint you would rather hold USD, GBP or AUD for your francs (maybe JPY), just in case things get really bad with Spain and Italy.....
For me, eurchf doesn't play a big role for the big money anymore
and that's because of the floor
it's either chf being bought or sold...and if it's bought/sold heavily, eurchf will go in that direction too, no matter what eurusd is doing
looks like they are buying CHF too - it is going up..
for me Jordan and his fellow minister are clowns now
yes clowns , this is part of their game. They like this price.
  •  Guest
  • | IP XX.XX.91.6
wanna play why dont they say eurochf turned to be like usdrub controlled by the CB, slow motion and determined price range
move it down to 1.2020 and play the game for years between 1.2020 and 1.2050 we know that and start scalping few pips per position
like that dont need Snb intervention happy couple pips/order counts large on the long run
Every time this thing touches 1.2030/40 buy it with "utmost determination". Rinse repeat. Someday it might even just break away on its own merit and you'll already be positioned.

Even when Greece finally gets surgically removed from the EU the floor should hold just fine. That alone wouldn't be enough to abandon the floor, and the SNB undoubtably has a nearly limitless quantity of orders already registered. It wouldn't take them long to act in any case.
not so easy:
- you buy at .2030
- you are waiting 2-3 months
- price is moving to .2130
- you close
- price is spiking few hundreds pips above
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  •  Guest
  • | IP XX.XXX.168.16
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