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- cbtrader replied Jun 29, 2012
According to dowjones, this buying of EURCHF is by US banks, probably to cover their shorts. I think nothing special here, the pair would probably come back to 1.2010.
- cbtrader replied Apr 8, 2012
The FX prices u see on bloomberg is obtained from the best bid/ask prices by various sources, in particular, the Major Banks and EBS/ICAP. Hence the data from Bloomberg is typically the most reliable, given its the bid available bid and ask at any ...
- cbtrader replied Apr 7, 2012
Indeed, i suspect SNB would be comfortable to have it around 1.2050-1.2100. Would have some margin of safety against any technical glitches in the market. Intervention is expensive as demonstrated by BOJ and SNB's previous attempts. It also ...
- cbtrader replied Apr 6, 2012
Low I see is 1.20084. Wait for Tuesday before any big moves happen. Most traders/dealers are on easter break. At the same time, a lot of traders are waiting for some sort of break out to the up/down side of EURCHF before trading. Watch 1.2008 and ...
- cbtrader replied Apr 5, 2012
There were some barriers at 1.2025 that got hit. Traders had to sell their delta hedges because of that. In addition, given that so many dealers/hedge fund managers were on their Easter Breaks, the market simply got caught off guard. I think even ...
- cbtrader replied Apr 3, 2012
I don't think there will be not massive intervention. SNB would at the very most step in with billions of bids to support the market. The main objective of the peg at 1.20 is to provide certainty to Swiss Business. SNB's intervention would only ...
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