What is wrong with this CHF? | Forex Factory

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What is wrong with this CHF?

  • #1
  • First Post: Jul 10, 2007 4:14am Jul 10, 2007 4:14am
  •  aghast
  • | Joined Jun 2006 | Status: Fixed Income & Currencies Trader | 58 Posts
Anybody else long on usdchf? The damned thing won't go north. It just keeps sinking even when the inflation in switzerland is not that high. I hate it.
Fortune always favors the brave.
  • #2
  • Jul 10, 2007 4:39am Jul 10, 2007 4:39am
Quoting aghast
Anybody else long on usdchf? The damned thing won't go north. It just keeps sinking even when the inflation in switzerland is not that high. I hate it.
CHF moves most often with EUR. Swiss economy is closely link with Europe
  • #3
  • Jul 10, 2007 4:56am Jul 10, 2007 4:56am
Quoting aghast
Anybody else long on usdchf? The damned thing won't go north. It just keeps sinking even when the inflation in switzerland is not that high. I hate it.
If this is the reason for you going long dollar swiss, I suggest you have some serious thinking to do.
  • #4
  • Jul 10, 2007 5:58am Jul 10, 2007 5:58am
  •  aghast
  • | Joined Jun 2006 | Status: Fixed Income & Currencies Trader | 58 Posts
Quoting PipStar
If this is the reason for you going long dollar swiss, I suggest you have some serious thinking to do.
No, I bought it on oversold conditions and inflation report that came worse. But still I cannot get it out.
Fortune always favors the brave.
  • #5
  • Jul 10, 2007 6:40am Jul 10, 2007 6:40am
Quoting aghast
Anybody else long on usdchf? The damned thing won't go north. It just keeps sinking even when the inflation in switzerland is not that high. I hate it.
You may have to wait for a bounce off 1.20 . . . . hey, at least the interest is working in your favour
Minesweeper target: 284
  • #6
  • Jul 18, 2007 1:02am Jul 18, 2007 1:02am
From the look of this report, being long in the dollar is not a good thing at the moment.

http://www.forexfactory.com/showthread.php?t=38884
Minesweeper target: 284
  • #7
  • Jul 18, 2007 2:39am Jul 18, 2007 2:39am
USD is just plain WEAK! No one wants it.
  • #8
  • Jul 20, 2007 4:35pm Jul 20, 2007 4:35pm
Things just keep getting worse.
This is not necessarily USD related, but the infection seems to be spreading...
http://www.forexfactory.com/showthread.php?t=39437
Minesweeper target: 284
  • #9
  • Last Post: Jul 21, 2007 2:26pm Jul 21, 2007 2:26pm
I'm figuring a bounce from 1980 to about 2200.
this was as of thurs 7/19.
good that day ,not so good the next.
we'll see.
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