EUR/CHF

yes if someone was clever he wouldnt short eurusd but euraud which did 30 years low few weeks before. i think at 2009 was 2.00 and now about 1.30.

to me euro just has too much problem, not today, but tomorrow this is why i do not want it. and technical its long tern picture is not good in compare to dollar at least.

about sarkozy no comment. cheers

Yeah they want to be re-elected and make false promises to destablize the whole euro...
Some nations saying they are ready to leave euro as they are paying for other nations.. some are criticizing ECB role..

The euro nation treaty is now more of a liability as the system is built all around it like that and its not easy to break it and they are entangled.

Growth will be major challenge for spain,italy ,portugal, greece and some of them may leave the euro in 1-2 years and shift to weaker currency so they can back to growth.

Inflated Euro is good.. France wants weaker euro to give manufacturing a boost.. if inflation remain below 2%.. we may see interest cuts from ECB to promote growth and CHF will become more attractive....

http://online.wsj.com/article/BT-CO-...16-704020.html

Some news from Wallstreet journal

yeah I read on twitter.. need to subscribe to read full?

Yep, is anyone subscribed and can copy the article? I don't have a account

Rating Firm Egan-Jones Downgrades Spain To BBB- From BBB

http://www.ft.com/intl/cms/s/0/78953...#axzz1sEH8HQHt

A different view (50pips bars) of eurchf:

Swiss government likely to confirm Jordan as SNB president Wednesday -- Jordan has led Swiss central bank since Hildebrand resigned in January
-- Identity of third SNB governing board member is less certain, but likely to be market-neutral

By Neil MacLucas
Of DOW JONES NEWSWIRES
ZURICH (Dow Jones)--The gap in the Swiss National Bank's monetary policy management team may be plugged this week, with the government expected to confirm interim head Thomas Jordan as president of the central bank.
Jordan, who has steered Switzerland's central bank since former president Philipp Hildebrand quit in January over a controversy involving currency dealings by his wife, has won backing for a permanent appointment to the post from the SNB's supervisory board, or Bank Council. The Swiss government is expected to confirm the appointment when it meets Wednesday.
Among the candidates seen as most likely replacements for Hildebrand on the SNB's three-man governing board--currently made up of Jordan and Jean-Pierre Danthine--are Fritz Zurbruegg, head of the government's fiscal administration division, and Thomas Moser, an alternate director at the SNB in Hildebrand's department, which deals with international and economic affairs.
Both Moser who joined the SNB in 1999, and Zurbruegg have gained international experience and connections, with the former spending three years up to 2004 working with the Swiss mission at the International Monetary Fund in Washington, and returning as an IMF director in 2006. Moser was appointed an alternate SNB director in 2010.
Zurbruegg, 52, joined the Swiss Finance Ministry after graduating from Bern University, and also served as senior advisor and director of the Swiss mission at the IMF from 1998 to 2006.
Another name cited in the Swiss media as a possible replacement for Hildebrand on the SNB board is Hugo Baenziger, who leaves Deutsche Bank AG's (DB) board at the end of May after serving as chief risk officer since 2006.
"The only surprise for the markets would be if Jordan wasn't confirmed as new SNB president," said Conny Luchsinger, an economist at Zuercher Kantonalbank.
There have been some rumblings of discontent from the market over the time taken by the Swiss government to appoint a successor to Hildebrand and fill the vacancy on the three-man governing board.
Finance Minister Eveline Widmer-Schlumpf said soon after Hildebrand's departure that it could take until April or May to reach a decision, but that the SNB was fully functional under Jordan's interim leadership.
The SNB holds its annual general meeting April 27, and the government is likely to reach a decision before that, with cabinet meetings scheduled for Wednesday, and then a week later, on April 25.
"We have no confirmation of when an announcement will be made, but assume it will be on the day the Swiss cabinet meets, which is either this Wednesday, or next," the SNB said.
"If the Swiss government were to decide not to confirm Jordan in his job, that would represent a vote of no confidence in Jordan, which would put the SNB and its monetary policy under considerable pressure," said ZKB's Luchsinger.

No need to subscribe, you can actually read any WSJ article in full via Google news.
Just copy the URL that you want to read, open google, click on news and paste it in the search box. The first link that will appear will be the full article...FREE

Switzerland, despite having a population smaller than New York City, is one of the wealthiest countries in the world and is home to a large number of hedge fund investors.
These are the guys who bring money to swiss government by hook or crook.. Its going to change within next 5 years when tougher laws may be in place..
Good for people but bad for swiss economy .. let's C if they can implement it..

Well said... just imagine for Swiss economy the parity to be 1.19 instead of 1.20. Only to convert 1 billion to see the difference of what Swiss economy will lose in that moment and we are talking in "hundreds". Everything will be affected because they (swiss companies) made budget plans for this year based on 1.20, not under. This peg has even a political reason, not just only economical. Let's be honest - how many retails SNB will make rich if they will raise the peg ? Everybody will go out around 1.23-1.24 if they are playing with their minds . I don't think there are so many retailers to become "millionaires" with trend going to 1.25 ...even to 1.40. Even so, SNB doesn't care as you said about retailers or banks, they care only about Swiss economy in this moment not to be affected.

Nice ! thanks for the info

There is only one problem in all this story, and the problem is:

SNB is offline! SNB is sleeping! If some traders from swiss read this, please go in their office and let us know what is happening there, just wake them up please

I have bought EurChf and earn money from swap interest and have no inclination to sell. just wait to see what will happen

Break the ice.. inch closer to the levels when flood will start..

SNB cabinet will decide next Wednesday or today the new president in all possibility

When economical data will show a degradation (just be patient), then SNB will awake..or if someone try to break the peg. Till then SNB is sleeping.

Let's see tomorrow

The only one that is thrilled is you!
Nothing will happen. The SNB is not one or two traders on duty that go home and everything is "in danger"

There is a machinery working. You will not see an official price below 1,20.
Only bucket shops could go lower because of their spread (which they can set if they like)
If IG Index decides to have a 50 point spread on the EUR/CHF, only customers could complain but still they could set the spread like that but that does not mean that any official interbanking trade would take place below 1,20

No offence but what I read from you is that you bought a lottery ticket and have a great way of entertainment rather than investment now.

I bought the EUR/CHR at 1,2010 with a target of 1,2300 and a stop/loss at 1,1900 and I consider the chance to hit the higher price 80%.
So odds of 3 for 1 at 80% possibility --- nice trade

Why should any one that is really investing care about a increase or decrease of 0.001% like caring about the 85th minute of a football game??

If your investments are thrilling you then all you do is gambling!!

Compare how brokers hunt stop losses FXCM Vs Oanda..
have you seen on your screen.. 5:00 pm EST today