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EUR/CHF

  • #4,341
  • Apr 5, 2012 5:46am Apr 5, 2012 5:46am
Quoting iTrader
stop talking bullshizzle

SNB spokesman says won’t accept exchange rate below 1.2000 francs per euro

 

  1. SNB committed to buying foreign exchange in unlimited quantities to defend cap

Fucking morons from SNB they dont know that 1.9997 < 1.2000
  • #4,342
  • Apr 5, 2012 5:47am Apr 5, 2012 5:47am
Quoting slovforex
so, if eur/chf closes above 1.20 it will form Hammer candlestick on daily chart and I will close short position
listen to me, close them now. really!
  • #4,343
  • Apr 5, 2012 5:48am Apr 5, 2012 5:48am
Going down again.. They mean closing price.. in between.. do whatever you can.. specially weekend.. is coming..
  • #4,344
  • Apr 5, 2012 5:49am Apr 5, 2012 5:49am
Quoting zpiders
ROFL, I think you need to find a new broker!
1.196 in futures today is abt 1.2003 spot rate (only June expiration is active for RF)
  • #4,345
  • Apr 5, 2012 5:50am Apr 5, 2012 5:50am
Quoting worsttrader
listen to me, close them now. really!
if I see large portions of buyings then I will till the of the day
  • #4,346
  • Apr 5, 2012 5:52am Apr 5, 2012 5:52am
don't buy now.. if your SL hit.. atleast not for this weekend..
Not going to hold..

Rumors.. is SNB is taking off floor.. so it will be free pair..

No official comment yet..
  • #4,347
  • Apr 5, 2012 5:55am Apr 5, 2012 5:55am
Quoting coolkaps4u
don't buy now.. if your SL hit.. atleast not for this weekend..
Not going to hold..

Rumors.. is SNB is taking off floor.. so it will be free pair..

No official comment yet..

What's the source of that rumour?
  • #4,348
  • Apr 5, 2012 5:55am Apr 5, 2012 5:55am
Quoting Ema
Fucking morons from SNB they dont know that 1.9997 < 1.2000

Lol I am thinking about the boy that cried wolf and somehow linking it to the SNB , I wonder why.
Officer ... I swear to drunk I am not God
  • #4,349
  • Apr 5, 2012 5:56am Apr 5, 2012 5:56am
Also.. now these brokers know.. where are SL.. they will take it off with unethical practices.. since they know SNB is not there in market..

They can easily say rate went that far and SL triggered.. there will be many today and in coming weekend..
  • #4,350
  • Apr 5, 2012 5:57am Apr 5, 2012 5:57am
only one thing, today we have seen a strong offensive against snb. they know that very much, this is not over yet, and they also know that they r going on holiday tomorrow. add to this, the spokesman said they defend the 1,2 peg.

summarizing, this is why is strongly believe they r going to intervene today.
  • #4,351
  • Apr 5, 2012 5:59am Apr 5, 2012 5:59am
Quoting coolkaps4u
don't buy now.. if your SL hit.. atleast not for this weekend..
Not going to hold..

Rumors.. is SNB is taking off floor.. so it will be free pair..

No official comment yet..

they just said they hold the floor. i would rather believe them than anonymous rumors
  • #4,352
  • Apr 5, 2012 6:00am Apr 5, 2012 6:00am
When in doubt stay without . I can see rivers of blood in the making here. I am out and keeping distance from this pair until/if it gets to 1.189x then load small longs at 50 pip intervals to the downside.
The SNB has lost their credibility already , the floor has been broken.
Officer ... I swear to drunk I am not God
  • #4,353
  • Apr 5, 2012 6:01am Apr 5, 2012 6:01am
There’s some talk in the street that the SNB was on the bid all the time at 1.2000, but the break below was caused by some banks that couldn’t see the SNB bids due to limit issues.
Actually does sound plausible
Bring back the voice brokers, then that probably wouldn’t have happened…….
EUR/CHF’s up again around 1.2020 from lows of 1.1990



By Joe Brown || April 5, 2012 at 10:12 GMT
  • #4,354
  • Apr 5, 2012 6:02am Apr 5, 2012 6:02am
Quoting worsttrader
only one thing, today we have seen a strong offensive against snb. they know that very much, this is not over yet, and they also know that they r going on holiday tomorrow. add to this, the spokesman said they defend the 1,2 peg.

summarizing, this is why is strongly believe they r going to intervene today.
hmm...i think that they would have been done it already....but I cannot call it intervention...bounce of 20 pips above 1.20 is nothing
  • #4,355
  • Apr 5, 2012 6:02am Apr 5, 2012 6:02am
Quoting Fidza
When in doubt stay without . I can see rivers of blood in the making here. I am out and keeping distance from this pair until/if it gets to 1.189x then load small longs at 50 pip intervals to the downside.
The SNB has lost their credibility already , the floor has been broken.
True.. I am also on sidelines.. now and don't believe SNB unlike worsttrader

They are not credible and no official comment .. on source side..they will defend or intervene..
  • #4,356
  • Apr 5, 2012 6:03am Apr 5, 2012 6:03am
If they have to .. the pair would have been atleast 1.2100 or 1.2050

if they are defending only 1.2000 .. it bound to go down very big.. and take SL..
  • #4,357
  • Apr 5, 2012 6:07am Apr 5, 2012 6:07am
Quoting coolkaps4u
True.. I am also on sidelines.. now and don't believe SNB unlike worsttrader

They are not credible and no official comment .. on source side..they will defend or intervene..
imo that we went under 1,2 with 2-3 pips does not mean that they dont want to defend the peg but only means that they r idiot. they should have been buying sooner (im sure they buyed back to this level).
  • #4,358
  • Apr 5, 2012 6:09am Apr 5, 2012 6:09am
Quoting worsttrader
imo that we went under 1,2 with 2-3 pips does not mean that they dont want to defend the peg but only means that they r idiot. they should have been buying sooner (im sure they buyed back to this level).

All the best dude..

I am not the one..I am out for now looking to buy small..1.18 like Fiz.
The pair would have flied 1.2056 at least if buying from SNB happened...
  • #4,359
  • Apr 5, 2012 6:10am Apr 5, 2012 6:10am
EURO-SWISS: Traders report Chf1.2000 seen with a bid of E9bln on the
platform.


EURO-SWISS: It would appear that the official support at Chf1.2000 was
sitting on the EBS platform all the time but due to limits some banks
could not see. Rate was noted trading down to Chf1.1990, but quickly
spiked back above the floor as traders that could see noted the
size of the demand at Chf1.2000 through the move. The official low is
being recorded at Chf1.2000, though option barriers have been taken out
with this strike. Rate currently trades around Chf1.2018.
  • #4,360
  • Apr 5, 2012 6:11am Apr 5, 2012 6:11am
Session low 1.1992, presently 1.2002 as official intervention kicks in.
Talk is the bid on EBS at 1.2000 is for 9 yards of euros (yard being a billion)

I’m being told that some banks are not filling orders under 1.2000 on this move, and one major Swiss name is remaining adamant that the low was 1.2000, citing the earlier mentioned credit issues for the dip below the peg.





By Joe Brown || April 5, 2012 at 10:35 GMT


By Gerry Davies || April 5, 2012 at 09:48 GMT
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