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USD/CHF

  • #2,861
  • Aug 17, 2011 2:23am Aug 17, 2011 2:23am
so how long more will it drop ？？
  • #2,862
  • Aug 17, 2011 2:25am Aug 17, 2011 2:25am
Quoting tankokjian
so how long more will it drop ？？
I don't think it will drop more, but at the end no one know what will happen in this crazy market!!!
  • #2,863
  • Aug 17, 2011 2:26am Aug 17, 2011 2:26am
now market has seen SNB's latest action...its time to check SNB's patience.... i think we might go down first ...waiting for bad data to touch support there at 0.7770
  • #2,864
  • Aug 17, 2011 2:27am Aug 17, 2011 2:27am
buy the rumours , sell the news. so true
  • #2,865
  • Aug 17, 2011 2:28am Aug 17, 2011 2:28am
u mean SNB　ｗｉｌｌ　ｓａｙ　，　ａｌｒｉｇｈｔ　ｔｉｍｅ　ｔｏ　ｓｈｏｗ　ｕ　ｗｈａｔ　ａｒｅ　ｃａｎ　ｄｏ　．．．
  • #2,866
  • Aug 17, 2011 2:36am Aug 17, 2011 2:36am
Quoting Abouelzelouf
at the end no one know what will happen in this crazy market!!!
Correct - I agree


The Federal Council has yet to finish their meeting. That release was not final.

It is a big decision to throw out 300 billions to intervene and most likely waste it especially if intervened at the wrong time.

Look out for a big move today - bias on the down side. Every sign in the stock market shows me a possible crash like the last 2 weeks to be replayed.
  • #2,867
  • Aug 17, 2011 2:41am Aug 17, 2011 2:41am
If it's any consolation charts are still showing a reversal from the downtrend...

the fall totally ruined my day.. was actually making plans where to celebrate tonight..
  • #2,868
  • Aug 17, 2011 2:44am Aug 17, 2011 2:44am
Quoting tankokjian
u mean SNB　ｗｉｌｌ　ｓａｙ　，　ａｌｒｉｇｈｔ　ｔｉｍｅ　ｔｏ　ｓｈｏｗ　ｕ　ｗｈａｔ　ａｒｅ　ｃａｎ　ｄｏ　．．．
If the SNB get in at the end of this current stock market correction, then the bottom will unlikely be revisited for a long time to come.

If SNB get in when sellers are almost out and buyers start coming in
that would cost SNB less money to intervene buying what ever currencies. And the price recovery would be more immediate.
  • #2,869
  • Aug 17, 2011 3:20am Aug 17, 2011 3:20am
if falls through 7814 , 77XX will be touched.
  • #2,870
  • Aug 17, 2011 3:22am Aug 17, 2011 3:22am
your SL　ｄｉｄｎｔ　ｗｏｒｋ　？？

Quoting MarcPeanut
If it's any consolation charts are still showing a reversal from the downtrend...

the fall totally ruined my day.. was actually making plans where to celebrate tonight..
  • #2,871
  • Aug 17, 2011 3:33am Aug 17, 2011 3:33am
Quoting tankokjian
your SL　ｄｉｄｎｔ　ｗｏｒｋ　？？

stop loss below current level, slightly below fibo n trendline support
  • #2,872
  • Aug 17, 2011 6:57am Aug 17, 2011 6:57am
how does the EUCHF peg affects the currency ?
  • #2,873
  • Aug 17, 2011 7:03am Aug 17, 2011 7:03am
Quoting tankokjian
how does the EUCHF peg affects the currency ?
http://www.cnbc.com/id/44148513
  • #2,874
  • Aug 17, 2011 8:05am Aug 17, 2011 8:05am
Quoting tankokjian
why sudden drop ??????
It appears it has been trending downward for several weeks.
  • #2,875
  • Aug 17, 2011 8:25am Aug 17, 2011 8:25am
This SNB decision is not as weak as many first though, dont get caught selling this just yet.
  • #2,876
  • Aug 17, 2011 9:32am Aug 17, 2011 9:32am
when is the part II of the meeting ? another bluff ? when isthe next meeting ?


Quoting Sonofsin5
This SNB decision is not as weak as many first though, dont get caught selling this just yet.
  • #2,877
  • Aug 17, 2011 9:51am Aug 17, 2011 9:51am
Quoting Sonofsin5
This SNB decision is not as weak as many first thought, dont get caught selling this just yet.
I guess this decision does not put much brakes.
If there is risk, this sort of QE don't stop investors jumping into CHF.
This week, so far, we had better data coming out of US. That was stock positive and and the market is getting a relief from RISK - USD-CHF will keep bit of the gains. Any moment we start receiving non stock favoring news, market could go south. For the moment up to 11'770 is posible
  • #2,878
  • Aug 17, 2011 10:04am Aug 17, 2011 10:04am
Quoting highway
I guess this decision does not put much brakes.
If there is risk, this sort of QE don't stop investors jumping into CHF.
This week, so far, we had better data coming out of US. That was stock positive and and the market is getting a relief from RISK - USD-CHF will keep bit of the gains. Any moment we start receiving non stock favoring news, market could go south. For the moment up to 11'770 is posible
Agreed,

On another note, SNB holding another conference shortly. And of course they tore up EurChf and took out all stops at the high.
  • #2,879
  • Aug 17, 2011 10:13am Aug 17, 2011 10:13am
Swiss government press conference at 5GMT... oh boy this gets more interesting. Hold on to your seats for another 200 pips northwards if there are strong words spoken about the CHF strength...
  • #2,880
  • Aug 17, 2011 11:16am Aug 17, 2011 11:16am
Investors had been selling in any upward rally so far - Still evident bear market.

So, USD strengthening - euro give back gains ( speculation of rate cuts) After EU session now, CHF is likely to follow Eur direction or not moving with USD till risk aversion sets in. If 11'300 is broken - At that level, I expect investors will jump into CHF for safety.

Right now stocks are at where it opened today - and could reverse upwards here


OR it is just a directionless ranging day today.
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