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EUR/CHF

  • #461
  • Apr 7, 2010 11:39am Apr 7, 2010 11:39am
Lol, bucketshops.
  • #462
  • Apr 7, 2010 11:42am Apr 7, 2010 11:42am
Don't u see the spike?
  • #463
  • Apr 7, 2010 12:10pm Apr 7, 2010 12:10pm
Quoting Lars Ulrich
Do we see another (mini)intervention? eurchf just shot up 35 pips
London close, thin liquidity, prolly some big boys selling off some francs after the pair being mute since intervention last week
  • #464
  • Apr 7, 2010 2:38pm Apr 7, 2010 2:38pm
Quoting rahulkghosh
The coming week is going to be really interesting. Looking back over last week's PA. I'm amazed that New York traders didn't put more pressure on euro/swiss after the intervention. We may have reached a bottom on this pair. And definitely the PA is going to be very jittery if/when it gets down to the <1.4200 region. However, retail traders are still heavily net long on the pair. I'm 90% sure we'll see a retest of 1.4200, then see how it goes from there. The last intervention was very aggressive and shows the SNB really means business. I'd say...
Thanks for the heads-up Rahulkghoh. I looked at the EURCHF daily chart and found that price had unusual spikes once in a while. The recent one is most aggressive as you mentioned. I guess SNB is both very determined and has a lot of cash to intervene in the market when it wants to. And yes this pair looks interesting these days
  • #465
  • Apr 8, 2010 12:45am Apr 8, 2010 12:45am
Quoting ridingwaves2
Thanks for the heads-up Rahulkghoh. I looked at the EURCHF daily chart and found that price had unusual spikes once in a while. The recent one is most aggressive as you mentioned. I guess SNB is both very determined and has a lot of cash to intervene in the market when it wants to. And yes this pair looks interesting these days

Got this off UBS:

EURCHF: SNB stops CHF rise (April 6, 2010, 5:10 PM)
After EURCHF reached a new all-time low at 1.4144 last Thursday, the SNB stepped in and pushed EURCHF above 1.43. According to market information, the SNB is constantly present in the FX market. Until the next monetary policy meeting in June, the SNB is likely to keep EURCHF around 1.43.



The "constantly present in FX market" is interesting. The SNB may be trying to hold a peg here.
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #466
  • Apr 8, 2010 11:58am Apr 8, 2010 11:58am
Quoting rahulkghosh
Got this off UBS:

EURCHF: SNB stops CHF rise (April 6, 2010, 5:10 PM)
After EURCHF reached a new all-time low at 1.4144 last Thursday, the SNB stepped in and pushed EURCHF above 1.43. According to market information, the SNB is constantly present in the FX market. Until the next monetary policy meeting in June, the SNB is likely to keep EURCHF around 1.43.



The "constantly present in FX market" is interesting. The SNB may be trying to hold a peg here.
I bought a small EURCHF position today just to "test the waters". Let's see how it goes.
  • #467
  • Apr 9, 2010 8:33am Apr 9, 2010 8:33am
Looks good today. Hope the pair will gradually move back to the uptrend again.
  • #468
  • Apr 9, 2010 8:38am Apr 9, 2010 8:38am
that makes two of us
clearly, the snb is intervening today
  • #469
  • Apr 9, 2010 8:47am Apr 9, 2010 8:47am
SNB pushes help. Hope it gives some more
  • #470
  • Apr 9, 2010 8:51am Apr 9, 2010 8:51am
me too
in 2009 they intervened at 1.47
now, it is way below that level
CPI numbers are not exactly outstanding, so they may want to have weak franc
  • #471
  • Apr 9, 2010 8:52am Apr 9, 2010 8:52am
also the fact it looks like greece will finally be bailed out put relief on the selling pressure on this pair.
  • #472
  • Apr 9, 2010 8:53am Apr 9, 2010 8:53am
that's true I think
but still the issue is not entirely resolved i guess
  • #473
  • Apr 9, 2010 9:00am Apr 9, 2010 9:00am
Lars,

It wont happened untill it is officially denied. (all polititians always lie), and they
denied it officially. So i guess it will happen. Medley believe it too.


let's wait and see..
  • #474
  • Apr 10, 2010 12:04am Apr 10, 2010 12:04am
Well one of the main reasons this pair has been dropping is speculation the SNB will tighten before the ECB. Personally, I doubt that'll happen. 1.4410 is very strong resistance. Also, retail traders are still long like crazy on this pair. The SNB is not going to push this pair up significantly from here, it will however guard lower levels.
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #475
  • Apr 11, 2010 6:10pm Apr 11, 2010 6:10pm
nice rally
  • #476
  • Apr 12, 2010 1:34pm Apr 12, 2010 1:34pm
what to do you guys think of the pinbar formation on D1 today??
Thank you J16 & Trader Dante
  • #477
  • Apr 13, 2010 4:08am Apr 13, 2010 4:08am
Honestly, I do not believe any of the strategies based on formations. Especially on this pair. No matter what your strategy is, when market-moving news is released then it is all ruined. Better example, intervention by the SNB. A lot depends on the euro and the auction of the bonds today I think.
  • #478
  • Apr 13, 2010 11:11am Apr 13, 2010 11:11am
men, time to buy this crap
ROBOT FOREX
  • #479
  • Apr 13, 2010 11:16am Apr 13, 2010 11:16am
yeah, let's lift it up
  • #480
  • Apr 13, 2010 12:48pm Apr 13, 2010 12:48pm
Wonder where we go with this Pair.

SNB is talking about raising the rates, to get ready etc etc. I would think that SNB would wait for ECB to do it first, but, will ECB do it soon? Not in my ideas. And Switzerland is suffering a start of house bubble.

SNB also speaks so often about beeing determined to avoid a strong currency.


But on the other side, can the swiss industry (mostly exporters) afford such an expensive chf? also, wouldn't it raise the risk of deflation a more expensive chf?

Because raising the rates would shoot up the chf and turn this pair down, as well as the usdchf.

Time, as usual, will tell, but i'd like to guess...

happy pipping all.
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