EUR/CHF | Page 219 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/CHF

Similar Threads

GBP/CHF and USD/CHF 955 replies

Correlation EUR/USD, USD/CHF, EUR/CHF (Humour me please... Thx) 8 replies

EUR/CHF, USD/CHF turning up? 1 reply

Using usd/chf - eur/usd correlation to see moves in EUR/USD 46 replies

Ranging pairs? EUR/CHF, EUR/GBP, AUD/CAD? 0 replies

Attachments: EUR/CHF
Exit Attachments

EUR/CHF

  • #4,361
  • Apr 5, 2012 6:11am Apr 5, 2012 6:11am
Quoting coolkaps4u

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...


okay, go on and lets see what happens. ny opens in 50 mins.
  • #4,362
  • Apr 5, 2012 6:14am Apr 5, 2012 6:14am
considering the 9bln offer, the 20bln supposed sl is not that much. they can double their offer easily.

I think very soon they will come out with something (negative interest, capital controls etc.) at that very moment they will hit the red button with utmost determination. Other possibility is to go to the lavatory and throw out a crippled economy.
  • #4,363
  • Apr 5, 2012 6:16am Apr 5, 2012 6:16am
Quoting cipid2012
Breaking News: EUR/CHF breaks below 1.2000 SNB floor. SNB spokesman reiterates central bank's commitment to floor.

DailyFx

It appears you guys are right, but for me a so called "break" is related to close/open price.
When SNB said absolute minimum is 1.200000000000 it includes lower point as well.

In 2009, Hildebrand didn't allow it goes below 1.5 for couple of attempts at all, but .... Jordan couldn't defend the peg even for the first time.
  • #4,364
  • Apr 5, 2012 6:19am Apr 5, 2012 6:19am
I think the debate is pointless, they buy at ecn @ 1,2. What your broker and bank does with you, it is your business.
  • #4,365
  • Apr 5, 2012 6:20am Apr 5, 2012 6:20am
SNB can create money from nothing, just CREATE BUTTON in system... as much as market wants. They don`t need to have parity in gold. And later if buyers will be selling CHF, SNB would be buying from them and next press DELETE button in system.
It is so easy!!! so I hope they will do this!
  • #4,366
  • Apr 5, 2012 6:21am Apr 5, 2012 6:21am
tomorrow going to be tricky as SNB going to be off. unless resistant taken out today support could be taken out tomorrow or Monday, i have place few pending below 1.192x with no s/l [order per every 50 pip ]
Mohan
  • #4,367
  • Apr 5, 2012 6:24am Apr 5, 2012 6:24am
Whether it went a few pips below 1.20 on your broker/ liquidity source or not, they defended the peg like they promised. They had bids at 1.20 all the time but there are technical limitations.
  • #4,368
  • Apr 5, 2012 6:27am Apr 5, 2012 6:27am
After $9bn intervention...in Hildebrand's house..)))
Attached Image
  • #4,369
  • Apr 5, 2012 6:32am Apr 5, 2012 6:32am
Quoting ssokol
SNB can create money from nothing, just CREATE BUTTON in system... as much as market wants. They don`t need to have parity in gold. And later if buyers will be selling CHF, SNB would be buying from them and next press DELETE button in system.
It is so easy!!! so I hope they will do this!
Pressing that button does not come without consequences and they surely will have to answer to Uncle Sam , and Aunty Merkel , who I doubt will be one bit pleased at the Swiss using currency war to give themselves a trading hedge over an already strained EZ
Officer ... I swear to drunk I am not God
  • #4,370
  • Apr 5, 2012 6:33am Apr 5, 2012 6:33am
Now as a Swiss, not in the wildest dreams i thought they let that slip below 1.20. Not to mention, the option barrier that got fucked. Save to say with Hildebrand this would not have happened.

However, after many many months, this IS indeed a situation that is notable.
No doubt pressure will mount now even more, AFTER the fact that the barrier has been BRIEFLY broken.

Chances of intervention are now more than just 60%. Plus, it has to be credible, so it will be strong, and once noted, many SHORT positions will be liquidated because SNB still gets respect among whales.

Vice President Jordan will have to prove he is a worthy President. He will see that as a perfect opportunity.

We don't have the distinct elegance anymore, but we (SNB) still have
pure strength. Remember that.
  • #4,371
  • Apr 5, 2012 6:36am Apr 5, 2012 6:36am
Quoting ThisPip
Now as a Swiss, not in the wildest dreams i thought they let that slip below 1.20. Not to mention, the option barrier that got fucked. Save to say with Hildebrand this would not have happened.

However, after many many months, this IS indeed a situation that is notable.
No doubt pressure will mount now even more, AFTER the fact that the barrier has been BRIEFLY broken.

Chances of intervention are now more than just 60%. Plus, it has to be credible, so it will be strong, and once noted, many SHORT positions will be liquidated because SNB...
futures traded at low as 1.1960 so legally it traded below 1.20 they can kick and fuss all they want but it traded below it.
  • #4,372
  • Apr 5, 2012 6:39am Apr 5, 2012 6:39am
Quoting Fidza
Pressing that button does not come without consequences and they surely will have to answer to Uncle Sam , and Aunty Merkel , who I doubt will be one bit pleased at the Swiss using currency war to give themselves a trading hedge over an already strained EZ
This is not personal, but are you fucking kidding me? When it comes to Swiss Franc the Swiss OWN currency, we don't ask or tell to nobody.
  • #4,373
  • Apr 5, 2012 6:42am Apr 5, 2012 6:42am
Quoting ThisPip
Now as a Swiss, not in the wildest dreams i thought they let that slip below 1.20. Not to mention, the option barrier that got fucked. Save to say with Hildebrand this would not have happened.

However, after many many months, this IS indeed a situation that is notable.
No doubt pressure will mount now even more, AFTER the fact that the barrier has been BRIEFLY broken.

Chances of intervention are now more than just 60%. Plus, it has to be credible, so it will be strong, and once noted, many SHORT positions will be liquidated because SNB still...
I too agree that they will eventually have to try and save face , but I am dead certain that 120 line will be breached yet again before that happens,and the next time with possibly disastrous consequences.
For me the magic mark was not even 1.20 but rather 120.05 or higher, as one would expect that's where the entry orders from the CB defending a peg would be. The SNB's strategy is not to throw stupid amounts of money at the market as that will single them out as cheats amongst the international trading communities , they are rather out to get us retail traders to hold that line for them, and they are in fact doing very little other than occasionally claiming to defend the 120 with utmost determination.
Officer ... I swear to drunk I am not God
  • #4,374
  • Apr 5, 2012 6:44am Apr 5, 2012 6:44am
Quoting coolkaps4u
futures traded at low as 1.1960 so legally it traded below 1.20 they can kick and fuss all they want but it traded below it.
so it slipped, big deal... they were there, they bought, they made their intentions clear, even had an excuse. Still credible in my opinion.

If it broke through I would think the more stops would be triggered and we would have seen longer fall then few pips.
  • #4,375
  • Apr 5, 2012 6:45am Apr 5, 2012 6:45am
Quoting ThisPip
This is not personal, but are you fucking kidding me? When it comes to Swiss Franc the Swiss OWN currency, we don't ask or tell to nobody.
WTF? This is a 2 way road. What SNB is doing is market manipulation, that simple.
  • #4,376
  • Apr 5, 2012 6:45am Apr 5, 2012 6:45am
thank god i got out of my long. Now i have a chance to long again lower
  • #4,377
  • Apr 5, 2012 6:46am Apr 5, 2012 6:46am
Quoting aragami
so it slipped, big deal... they were there, they bought, they made their intentions clear, even had an excuse. Still credible in my opinion.

If it broke through I would think the more stops would be triggered and we would have seen longer fall then few pips.
if it manage to go below 90/85 , then it can go 1.19 in blink of eye
Mohan
  • #4,378
  • Apr 5, 2012 6:47am Apr 5, 2012 6:47am
Quoting ThisPip
This is not personal, but are you fucking kidding me? When it comes to Swiss Franc the Swiss OWN currency, we don't ask or tell to nobody.
Do you understand why the SNB wants a low value CHF to begin with?
Last time I checked it was to give them an advantage in export trade with EZ .Now you honestly believe that they can intervene openly on the FX markets and not be placed in the spotlight by the EZ states who will lose trade to Switzerland ?You my friend are the one that has to be kidding me
Officer ... I swear to drunk I am not God
  • #4,379
  • Apr 5, 2012 6:48am Apr 5, 2012 6:48am
Quoting Fidza
Do you understand why the SNB wants a low value CHF to begin with?
Last time I checked it was to give them an advantage in export trade with EZ .Now you honestly believe that they can intervene openly on the FX markets and not be placed in the spotlight by the EZ states who will lose trade to Switzerland ?
Right on. And it has a name to it: Market Manipulation.
  • #4,380
  • Apr 5, 2012 6:55am Apr 5, 2012 6:55am
chief currency strategist at Societe Generale. Juckes adds that the floor "appears to have holes in it, if today's low quoted on screens at 1.1999 is anything to go by, but that is a detail." EUR/CHF now trades at 1.2018.([email protected])
5 traders viewing now