CHF jumped today, but there are no news | Forex Factory

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CHF jumped today, but there are no news

  • #1
  • First Post: May 22, 2007 3:06pm May 22, 2007 3:06pm
Today, 5.22.2007 at 12:00 PM (New York Time), I see the CHF jumped up against all currencies, but in the http://www.forexfactory.com/calendar.php there are no any kind of information about what really happened.

There is an information here: http://www.forexfactory.com/showthread.php?t=30759


So, I wonder why there is nothing in the calendar. I also checked other news sites and there is nothing about CHF as well.

Does anybody knows why?
  • #2
  • May 22, 2007 3:19pm May 22, 2007 3:19pm
CB officer on the wires

12:05The Swiss National Bank's governing board ``has very clearly indicated that we could take non-conventional measures, which means intervene in currency markets'' if needed Roth said. The bank is ready to intervene if it hasn't ``any alternatives, which isn't currently the case,'' he said.

12:03SNB's Roth says SNB particularly vigilant on franc weakness; doesnt see a reason to intervene on CHF; franc could appreciate, take market by surprise; sees risk of inflationary tensions on franc, employment; recent franc drop is not ideal.

12:01SNB's Roth just came out with franc-positive comments and USD/CHF is set to break down
  • #3
  • May 22, 2007 3:33pm May 22, 2007 3:33pm
Quoting cesarnc
CB officer on the wires

12:05The Swiss National Bank's governing board ``has very clearly indicated that we could take non-conventional measures, which means intervene in currency markets'' if needed Roth said. The bank is ready to intervene if it hasn't ``any alternatives, which isn't currently the case,'' he said.

12:03SNB's Roth says SNB particularly vigilant on franc weakness; doesnt see a reason to intervene on CHF; franc could appreciate, take market by surprise; sees risk of inflationary tensions on franc, employment; recent franc drop is not ideal.

12:01SNB's Roth just came out with franc-positive comments and USD/CHF is set to break down
Where did you find it?
So, it's not in the calendar just because he can announce this anytime?
  • #4
  • May 22, 2007 3:43pm May 22, 2007 3:43pm
Quoting Martin444
So, it's not in the calendar just because he can announce this anytime?
Got me back footed, too.. Don't know if it was a scheduled event...
  • #5
  • May 22, 2007 3:44pm May 22, 2007 3:44pm
Yes, these types of comments can come any time...These people could be quoted at various conferences and radio interviews, etc. There's no way for the factory to keep track of all of this.

If you really want to a heads up, subscribe to a reliable newswire and just be aware that anything can cause a "jump" Although, from my perspective, the movement was some what muted...but I suppose it really depends on your horizon.

Quoting Martin444
Where did you find it?
So, it's not in the calendar just because he can announce this anytime?
  • #6
  • Last Post: May 22, 2007 3:56pm May 22, 2007 3:56pm
Got it! Thank you all.
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