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  • #190,381
  • Feb 4, 2010 9:43pm Feb 4, 2010 9:43pm
Why is the Swiss gov't screwing with their currency values? Why are they wanting to devalue it? Is there a war or something getting ready to take place?

I know that sounds a little crazy but I wouldn't be surprised if they would do something like that... Because in the event of a war everyone would buy the CHF correct and they wouldn't want it to be offset much from the EURO.

Just thinking here.
  • #190,382
  • Feb 4, 2010 9:46pm Feb 4, 2010 9:46pm
Quoting karimfx
in this moment, i think the problem it is global crisis and how europe, usa, asia etc will get out of it.. also, how fast will get out of it...
It may take decades to fix and new govt spending policy.
  • #190,383
  • Feb 4, 2010 9:48pm Feb 4, 2010 9:48pm
Quoting mmccormac
Why is the Swiss gov't screwing with their currency values? Why are they wanting to devalue it? Is there a war or something getting ready to take place?

I know that sounds a little crazy but I wouldn't be surprised if they would do something like that... Because in the event of a war everyone would buy the CHF correct and they wouldn't want it to be offset much from the EURO.

Just thinking here.
Nothing so complicated. The euro has been weakening due to PIGS deficit problems, so the investors are switching EUR for CHF as a safety trade, which strengthens CHF and hurts Swiss exports.
  • #190,384
  • Feb 4, 2010 9:50pm Feb 4, 2010 9:50pm
Quoting Michael112
Nothing so complicated. The euro has been weakening due to PIGS deficit problems, so the investors are switching EUR for CHF as a safety trade, which strengthens CHF and hurts Swiss exports.

But did you see that pop... that was big money moving in very quickly.
  • #190,385
  • Feb 4, 2010 9:51pm Feb 4, 2010 9:51pm
Quoting mmccormac
But did you see that pop... that was big money moving in very quickly.
Pooooofff and 1 trillion Gone
  • #190,386
  • Feb 4, 2010 9:52pm Feb 4, 2010 9:52pm
Quoting mmccormac
Why is the Swiss gov't screwing with their currency values? Why are they wanting to devalue it? Is there a war or something getting ready to take place?

I know that sounds a little crazy but I wouldn't be surprised if they would do something like that... Because in the event of a war everyone would buy the CHF correct and they wouldn't want it to be offset much from the EURO.

Just thinking here.

They want to weaken CHF to EUR because CHF is too strong and affects their export prices in their most important market, the euro zone. Swiss gov has done this intervention several times the past year.
  • #190,387
  • Feb 4, 2010 9:55pm Feb 4, 2010 9:55pm
Quoting enterfx
They want to weaken CHF to EUR because CHF is too strong and affects their export prices in their most important market, the euro zone. Swiss gov has done this intervention several times the past year.
Ok, I guess I haven't seen it pop like that before... I'm really glad I don't trade that pair... Although I would have been long so it wouldn't have mattered but I feel sorry for all the traders that just got killed on that play.
  • #190,388
  • Feb 4, 2010 9:56pm Feb 4, 2010 9:56pm
Off to bed, back by London session! G/L guys!
  • #190,389
  • Feb 4, 2010 9:56pm Feb 4, 2010 9:56pm
Quoting enterfx
They want to weaken CHF to EUR because CHF is too strong and affects their export prices in their most important market, the euro zone. Swiss gov has done this intervention several times the past year.
they did just as the euro was about to crash. in the middle of the night.. that will work for a couple of hours.. they might have already been on the telephone with u.s. and know what to expect with nfp. it wasnt enough to push eu over resistance.. so with bad news comming out ez continous euro/chf will be bent over still. 2 cats with tails tied together thrown over a cloths line
those who can, do. those who cant, talk about those who can
  • #190,390
  • Feb 4, 2010 10:02pm Feb 4, 2010 10:02pm
Interesting day, waiting for NFP is like waiting for Santa, will it bring gifts or ash?

Everything in my analysis is pointing to an outcome in my favor, I think thats all you can ask for in this market.

See you guys on the flip side.
This is what awesome feels like
  • #190,391
  • Feb 4, 2010 10:07pm Feb 4, 2010 10:07pm
These central banks are an arrogant bunch...
  • #190,392
  • Feb 4, 2010 10:07pm Feb 4, 2010 10:07pm
would it be reasonable now to go long for about 30pips, just for some additional income? or is it risky...? cous I think it should reach 3755 until London!
  • #190,393
  • Feb 4, 2010 10:08pm Feb 4, 2010 10:08pm
One thing I notice about this forum...no one seems to lose...I mean NO ONE...

I lose...

I'm human...

I guess the best thing to do for tomorrow is use pendings in both directions
I'll pick up the crumbs don't need the whole pie
  • #190,394
  • Feb 4, 2010 10:08pm Feb 4, 2010 10:08pm
Quoting smokemachine
would it be reasonable now to go long for about 30pips, just for some additional income? or is it risky...? cous I think it should reach 3755 until London!

If the swiss have their way...I wouldn't rule out 1.48 by morning.
  • #190,395
  • Feb 4, 2010 10:08pm Feb 4, 2010 10:08pm
i am new to forex...indeed that was a big pop. eur/chf

so taking a poll...how many of u feel that eur/usd will go south tonite?

personally I am opinioned its heading south

best wishes to all tonite
  • #190,396
  • Feb 4, 2010 10:09pm Feb 4, 2010 10:09pm
Quoting smokemachine
would it be reasonable now to go long for about 30pips, just for some additional income? or is it risky...? cous I think it should reach 3755 until London!
What point ?
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  • #190,397
  • Feb 4, 2010 10:09pm Feb 4, 2010 10:09pm
Quoting Warwick
If the swiss have their way...I wouldn't rule out 1.48 by morning.
that`s a good one...!!! hehehe...!!!
  • #190,398
  • Feb 4, 2010 10:09pm Feb 4, 2010 10:09pm
Quoting smokemachine
would it be reasonable now to go long for about 30pips, just for some additional income? or is it risky...? cous I think it should reach 3755 until London!
not when 3720 is resistance
  • #190,399
  • Feb 4, 2010 10:12pm Feb 4, 2010 10:12pm
ok I guess it`s not worth an effort! I just wanted to make couple hundred while checking out technicalities which I don`t know much about, still learning!
  • #190,400
  • Feb 4, 2010 10:13pm Feb 4, 2010 10:13pm
Quoting Quickiepip
One thing I notice about this forum...no one seems to lose...I mean NO ONE...

I lose...

I'm human...

I guess the best thing to do for tomorrow is use pendings in both directions
Of course people lose.....I lose, but my losses are smaller than my wins...
Doing what you like is Freedom. Liking what you do is Happiness.
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