watching uc. 8571 shows some protection.. we got as low as 8575 recently. so if this remains true uc should bounce now some st.. and eu drop some. the swiss put a line in the sand boosting the euro. it remains to be scene if it holds. if 8569 holds and 8612 if lost then we should break resistance in the 8625/30 area.. but it remains to be proven..
an artificial 1.2 ec has no expert to decipher the end result.. we are hung up in this.. one will break.. but it may take a while. i doubt the swiss can hold up 60% of a 4 trillion $ market forever.. when the dam breaks don't get in the way. these guys are much smarter then i. when you have a limited amount of euros sold to the swiss with a limited amount franks. you pull money out of the system.
if continues at some point the swiss will be faced with printing or not. i dont know if this decision has been made or not. they can easily do it because of low inflation. if they print, the chf should weaken, strengthening the usd and euro . on the other hand they boost the euro value more, weakening the usd? no matter how it ends. this move hurts the euro zone manufacturing. it makes the euro more expensive to countries who import. it makes the swiss. u.s. and asian exports cheaper for ez. this will take a few months to show up.
it also pulls liquidity from the ez.. this "pull of liquidity" is going to amplify greek and the other pigg's problems.
an artificial 1.2 ec has no expert to decipher the end result.. we are hung up in this.. one will break.. but it may take a while. i doubt the swiss can hold up 60% of a 4 trillion $ market forever.. when the dam breaks don't get in the way. these guys are much smarter then i. when you have a limited amount of euros sold to the swiss with a limited amount franks. you pull money out of the system.
if continues at some point the swiss will be faced with printing or not. i dont know if this decision has been made or not. they can easily do it because of low inflation. if they print, the chf should weaken, strengthening the usd and euro . on the other hand they boost the euro value more, weakening the usd? no matter how it ends. this move hurts the euro zone manufacturing. it makes the euro more expensive to countries who import. it makes the swiss. u.s. and asian exports cheaper for ez. this will take a few months to show up.
it also pulls liquidity from the ez.. this "pull of liquidity" is going to amplify greek and the other pigg's problems.
those who can, do. those who cant, talk about those who can
