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EUR/CHF

  • #5,661
  • Apr 17, 2012 2:15am Apr 17, 2012 2:15am
Quoting max888
Hi...

I am currently trading with Fxprimus. They have been giving +USD2.80 swap for Buy EURCHF for every standard lot.

Today, they changed the swap to -USD3.26 for Buy EURCHF. Suddenly, from making $2.80 per day, I will be losing $3.26 per day.

I can't believe it.....

Do you have any good brokers to recommend especially those that give good swap for EURCHF?

Max

I use markets.com , they give 2.22 euro /lot every day; 3x2.22 euro on wednesday. spread is 4 on my account and is was fixed even when the pair tested the peg. I just hope they will keep the swap, they assured me that as long central banks rates remain the same, swap will remain unchanged.
  • #5,662
  • Apr 17, 2012 2:15am Apr 17, 2012 2:15am
Quoting max888
Hi...

I am currently trading with Fxprimus. They have been giving +USD2.80 swap for Buy EURCHF for every standard lot.

Today, they changed the swap to -USD3.26 for Buy EURCHF. Suddenly, from making $2.80 per day, I will be losing $3.26 per day.

I can't believe it.....

Do you have any good brokers to recommend especially those that give good swap for EURCHF?

Max
Ibfx & fxcm.both positive swap for me. Bit mor spikes there (lower the sl with 5-6 pips)
  • #5,663
  • Apr 17, 2012 2:17am Apr 17, 2012 2:17am
Quoting max888
Hi...

I am currently trading with Fxprimus. They have been giving +USD2.80 swap for Buy EURCHF for every standard lot.

Today, they changed the swap to -USD3.26 for Buy EURCHF. Suddenly, from making $2.80 per day, I will be losing $3.26 per day.

I can't believe it.....

Do you have any good brokers to recommend especially those that give good swap for EURCHF?

Max
Ibfx & fxcm.both positive swap for me. Bit more spikes there (lower the sl with 5-6 pips) in case of an event.
  • #5,664
  • Apr 17, 2012 2:19am Apr 17, 2012 2:19am
Quoting Blayne
Please check your facts.

http://traveltips.usatoday.com/time-...and-16077.html

From the USA Today Article:

"Switzerland’s tourist season peaks during the months of July and August"

"During the country’s low season from November through March, it’s easier to find deals on airfare and accommodations"

This is the damage that gets done in a thread like this. All those declarative statements I was talking about.

Interesting input.
On the same article you recommended:
"Visitors opting to spend their Swiss vacation on the slopes should remember that the country’s ski resorts are most expensive in winter, with a slight drop in prices in autumn and spring."
  • #5,665
  • Apr 17, 2012 2:19am Apr 17, 2012 2:19am
Quoting Blayne
I love how a lot of people make declarative statements here, always saying something is going to happen, and they write it with 100% certainty. My thinking is that a lot of people who post on this thread don't have English as their first language, and they don't understand how their statements come across to native English speakers.

Anyways, another thought I had today, and someone else mentioned it earlier.

Tourism season starts in six weeks, I wouldn't be surprised if the tourism industry is lobbying for a weaker CHF rate also, especially...
Everyone don’t criticize the credibility of SNB, they criticized only the way to do it. For example if you are good father/mother, you want to teach your son to swim, and you commit with utmost determination: if you sink over 1 minute I will help you, if you sink about 58 or 59 seconds, no problem, continue to swim and sink.
The same situation for eur/chf, you must put the eur/chf in the safe area, can not let it nearly 1.2001 and you say you win the market, it’s stupid.
For 2 weeks, the eur/chf changes average 1.2010-1.2030. Within this range, the floor be broken last 2 weeks with thin volume
Now staying in side with SNB will become dangerous. If broken to 1.17 or 1.18 and pull back to 1.20, many of us will be burned. Especially Jordan “encourage” it by saying it will reoccur in future.
So wait and see the big players come and play the game, and someone can get profit.
  • #5,666
  • Apr 17, 2012 2:25am Apr 17, 2012 2:25am
trendline break
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf.gif Size: 23 KB
  • #5,667
  • Apr 17, 2012 2:39am Apr 17, 2012 2:39am
Quoting pipxster
Ibfx & fxcm.both positive swap for me. Bit more spikes there (lower the sl with 5-6 pips) in case of an event.
fxpro 3.11 USD per night on 1 lot, spread 2 pips
  • #5,668
  • Edited 2:58am Apr 17, 2012 2:44am | Edited 2:58am
Quoting Blayne
Please check your facts.

http://traveltips.usatoday.com/time-...and-16077.html

From the USA Today Article:

"Switzerland’s tourist season peaks during the months of July and August"

"During the country’s low season from November through March, it’s easier to find deals on airfare and accommodations"

This is the damage that gets done in a thread like this. All those declarative statements I was talking about.

I also think that the main season for tourism is still coming. And for that, people have to plan and book now. In my opinion the "good" figures which are published the last weeks are depending on a time gap: they may apply to the months in which exchange rates were swinging between 1.21 and 1.24 (09/2011 - 01/2012)

Just my opinion
  • #5,669
  • Apr 17, 2012 3:49am Apr 17, 2012 3:49am
Quoting zoran22
fxpro 3.11 USD per night on 1 lot, spread 2 pips

any welcolme bonus?
  • #5,670
  • Apr 17, 2012 4:20am Apr 17, 2012 4:20am
Quoting rcrist
any welcolme bonus?
i think not,
but you can have ECN trading which is real fast
  • #5,671
  • Apr 17, 2012 4:35am Apr 17, 2012 4:35am
Quoting tunera
trendline break
its visible in daily view, too. maybe just testing

http://i41.tinypic.com/2eb50mt.jpg
  • #5,672
  • Apr 17, 2012 4:51am Apr 17, 2012 4:51am
anyway, "funny" to see that, all the euro data better than expected today it is falling though.
  • #5,673
  • Apr 17, 2012 4:53am Apr 17, 2012 4:53am
some additional bad news for the spanish 10y auction:

http://www.bbc.co.uk/news/business-17732910
  • #5,674
  • Apr 17, 2012 5:06am Apr 17, 2012 5:06am
By: Gerry Davies

Well it is to me that BIS has been a consistent seller of EUR/USD recently in the 1.3150/1.3200 region. Reports on 12/4 had them selling circa 1.3150 Reports on 13/4 had them selling circa 1.3180 and today reports had them selling circa 1.3140/45 There have been mutterings that some of the sales are for the SNB, related to their EUR/CHF purchases in support of the peg ie the swiss central bank buys euros vs swiss francs and then turns the euros into dollars. I'd don't know how true this is, but there we go. Over recent days I've been hearing reports of buy stops gathering through 1.3210 (just incase we manage to get up there anytime soon)
  • #5,675
  • Apr 17, 2012 5:17am Apr 17, 2012 5:17am
Quoting multi888
By: Gerry Davies

Well it is to me that BIS has been a consistent seller of EUR/USD recently in the 1.3150/1.3200 region. Reports on 12/4 had them selling circa 1.3150 Reports on 13/4 had them selling circa 1.3180 and today reports had them selling circa 1.3140/45 There have been mutterings that some of the sales are for the SNB, related to their EUR/CHF purchases in support of the peg ie the swiss central bank buys euros vs swiss francs and then turns the euros into dollars. I'd don't know how true this is, but there we go. Over recent days...
it seems true.
reserves of SNB are always 50% euro, 25% dollar, 25%pound, 25% jpy.

when they buy euro cause an interention to the market, then have to swap it 50% of it
There shall be no QE3
  • #5,676
  • Apr 17, 2012 5:19am Apr 17, 2012 5:19am
Quoting Helloguys
it seems true.
reserves of SNB are always 50% euro, 25% dollar, 25%pound, 25% jpy.

when they buy euro cause an interention to the market, then have to swap it 50% of it
But EURCHF not reacting to it...
  • #5,677
  • Apr 17, 2012 5:23am Apr 17, 2012 5:23am
Quoting multi888
But EURCHF not reacting to it...
to be honest pal, i cannot understand either what is going on here
There shall be no QE3
  • #5,678
  • Apr 17, 2012 5:29am Apr 17, 2012 5:29am
Quoting Helloguys
to be honest pal, i cannot understand either what is going on here

Me too...don't know what's happening here.
Luckily, I have enjoyed the past EURCHF spike up and profited many times. I'm long on this pair...I believe it will happen once again.
  • #5,679
  • Apr 17, 2012 5:35am Apr 17, 2012 5:35am
Quoting multi888
But EURCHF not reacting to it...
http://i39.tinypic.com/2j4bwhg.jpg
  • #5,680
  • Apr 17, 2012 5:36am Apr 17, 2012 5:36am
big spike down coming
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