EUR/CHF

Source?

Source: BS

http://www.bloomberg.com/news/2012-0...ntag-says.html

He's clean... but then again they said the same about Hildebrand hehe.

jordan would be the the next....heheheh

This is latest, I know enquiry is under progress.

But 3 members already resigned so very few left.

let's C if Jordan has the courage to do that

I want current economic minister to be SNB head, he is in favor of raising floor.

yes, he is the best one for it!

FXstreet.com (Barcelona) - The franc keeps its relentless appreciation against the single currency despite the increasing risk-on trade seen in the last couple of weeks. Upbeat sentiment derived from both better euro zone economic data and the situation in Greece were prompting investors to shift their preferences to riskier assets, pushing the high-yielders to fresh multi-month highs.

Neither comment made by T.Jordan, SNB interim President, nor the Swiss central bank’s board members in order to talk down the Swiss franc were able to accomplish their mission. EUR/CHF has climbed as high as 1.2128, just to fall since then to Friday’s 1.2040 zone, apparently en route to test the SNB’s resolve?

M.Mohi-uddin, Managing Director of Foreign Exchange Strategy at UBS, thinks the franc will regain attention as the SNB’s quarterly meeting, due on March 15, gets closer. He also believes the monetary authority will defend the peg and eventually lift the floor in response to the swelling deflationary pressures that are threatening the alpine economy in the last quarters. “Instead we think the risk remains of a sharp move higher in the cross in 2012 if the Swiss economy continues to suffer from an excessively strong currency”, he affirmed.

If some key indicators in the following weeks don’t show any hint of improvement, particularly the inflation figures, the SNB “will have to consider how it can take further measures to deal with the franc which the central bank still characterizes as ‘highly valued’ at current levels”, the expert added.

EURchf will be at 1.3300 end of the 2012 year!

question is after breaking the floor or without it.

Some traders are getting positive swaps so for them it will be trade of life or 2-5 years at least, they will keep earning swaps.

Assumption is interest rate same or hiked by ECB

So SNB ready to give free money?

http://www.fxstreet.com/news/forex-n...9-5c529473f86d

the rates rollovers (swaps)are nothing more that interest rate differential. Is not SNB who pays it! It like saying that Bank of Australia that have rates at 4.25% pays from its own pocket those who are long the audusd pair!

When central banks set a certain rate they have in mind the country's economy overall! Besides dont forget that SNB has introduced negative rates in the past and at the moment swiss bond rates yields are close to zero or even negative.So basically SNB is getting paid !!!!!!!!!!from all those who have chf!!! and not the other way around

Wait wait wait... are we playing the yelling game where we yell the price we want? Then 2.5000!!!

True, its yelling game!
Everyone bring price to table.
1.20 is the ideal price for the CHF economy in current conditions as industralist saying in Swiss, they say they know raising the floor will bring unsustainable pressure on monetory policy.

I think if we gain in US session than trend will go in Asian and than in europe market so except gain only in US market if no intervention

Is this confirmed that Jordan is going to speek tomorrow?

www.snb.ch

28.02.2012 18:30
Speech Thomas Jordan, NZZ Podium, Zurich (with text

thx Simon

I wouldn't expect much from Jordan, just the usual rhetoric about how they will rigorously defend 1.2.
Peace

. . . or maybe he'll explain his satisfaction about today's or tomorrow's intervention and 1,3 breakout

The price is moving between 1.2030-1.2120 for month together.
I think fireworks coming in the next month.

No expectation from Jordan till economy turns really neagtive bad PPI,CPI numbers for atleast 3 consecutive months

OR
New president appointment before April who gives a bold statement.

Nothing looking in coming month except monitory policy on March 15th