EUR/CHF

check previous record of efxnews credibility .. you will get to know how it works
these bids if not from SNB changes every minutes...

select pair EURCHF to see how many current longs are losing and waiting to close in profit.

http://www.mt4i.com/connect/connect.aspx#sentiment

does anybody really know if SNB lifts the peg to 1.30 this quarter?

strong start to London session

0720 GMT [Dow Jones] Citi notes that Sunday evening London time there was a bid for EUR20 billion in the cross on EBS. The SNB has been reiterating its usual line noisily recently: It will defend the 1.20 floor at all costs. Now at 1.2016. ([email protected])

2223 GMT [Dow Jones]The EUR/CHF saw a EUR20 billion bid at 1.2000 early this morning, according to a note released by Citi: "With a few minutes to go to the week's open, the order book on EBS is visible down to 1.20000; a bid for EUR20 billion is showing." The pair is at 1.2020, having touched a low of 1.2017 in earlier trading, according to CQG. Switzerland's central bank has capped the value of the EUR/CHF at 1.2000 and will act if it goes below this. ([email protected])

no one knows...almost general sentiment here that there wont be this quarter lift to 1,3

[Dow Jones] Nestle (NESN.VX) won the battle to acquire Pfizer's (PFE) infant foods unit as it proved to have the deepest pockets, says Helvea. "The price paid is significantly above the $8 billion-to-$10 billion first speculated, and as such some investors might take the news negatively in the short-term," notes analyst Andreas von Arx. "Long term the deal is a good fit and Nestle had the most compelling case and the highest need," he says. Stock rated neutral with a CHF57 target. Stock slips 2.7% to CHF55.55. ([email protected])

Lol, anybody have experienced such price
http://www.dowjoneswebservices.com/chart/view/5900

usdchf on their broker?

Another pressure days.. and more to come..
Traders counting EUR/USD to 1.200 year end 2012
I am counting a spike up 1.34-1.35 in 2nd quater to surprise everyone and than 1.200

May be we will test floor very soon... large flows are coming into EUR/USD...
Days are numbered for this peg

Dutch's are gone
Greeks surrendered
Next in Waiting
Spain
Italy
France election year.. Sarkozy loosing

SNB effort look like saving the titanic or defend the indefensible.

Coming hard you on SNB EUR/USD soon.

Why don't you sell the pair (eurchf) if you're soo sure about the floor break lol

Well.. I guess because wise wait before committing than regret

I love those kind of comments, they are soooooo full of evidences for posted statements. And in my opinion, EUR/USD will spike to 1.56465 (exactly) and then go down to 1.12324(also exactly) because my tarot cards said so!


THE APOCALIPSE IS COMING!!!1111!!11111!


Seriously, we are moving in range of 25 pips for over 2 weeks, there is not much to say about EUR/CHF until we will break up or down. So every comment saying “OMG it will skyrocket in 2 day” or “OMG it will fall, break the peg in 2h” is meaningless. Be patient guys, wait so more major movement, post a chart and analysis instead of spaming about… nothing?

I hope everyone on this forum have a last laugh

Just observe the chart, it speak clear.
In the meantime a little bit of entertainment is ok..

True.. my comments are for coming months seeing the EURO growth forecasts by IMF about GDP of the euro nations..
Short term..they are not going to effect as more speculative shorts come to Euro more it will rise and take stops and bully traders till they start getting long on EURO and it goes other way.

Only thing like dutch stability, greek,spain, italy, France crisis.
It make sures real money goes to safe heaven and no one better than CHF in case of euro region.
European nation don't send money to USD, most stays in swiss as they trust them more and geographical factors supports it.. small gain/profit doesn't matter to real money if they want to save their hard earned money from EURO problems.

FT.com

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Eurozone economic activity has contracted unexpectedly sharply this month, pushing the region deeper into recession and dashing hopes that action to combat its debt crisis would soon pave the way for a gradual recovery.
Purchasing managers' indices for the 17-country bloc fell for a third consecutive month to the lowest level for five months, pointing to an intensification of the economic contraction which started in the final three months of last year, when the eurozone debt crisis was at its most intense. Economists had expected a modest improvement.
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Conditions in manufacturing were the worst for almost three years, with even German industry faring badly.
The deterioration will disappoint eurozone policy makers, especially the European Central Bank, which has forecast a gradual economic recovery this year and shunned calls from the International Monetary Fund for further action to stimulate economic growth. The ECB is instead awaiting the impact of its injections of more than €1tn in three-year loans into the eurozone financial system.
The results “clearly indicate that the eurozone economy remains in dire straits”, said Martin van Vliet, economist at ING in Amsterdam. “Our base case scenario is still for a gradual return to modestly positive growth in the second half of this year, but with the lingering debt crisis and the ongoing drag from fiscal policy, the risks are clearly skewed to a more protracted recession.”
The purchasing managers’ indices showed Germany and France, the eurozone’s two largest economies, increasingly feeling the impact of the debt crisis. France saw a sharp deterioration in the performance of its service sector in April, while in Germany the latest weakness was in manufacturing, hit by softer demand from European neighbours.
In depth

Eurozone in crisis

As storm clouds blow towards Italy and Spain, European leaders seek to contain the crisis
But the survey also showed conditions deteriorating further in the crisis-hit eurozone periphery countries, “which will inevitably raise concerns about the impact of deficit-fighting austerity measures”, said Chris Williamson, chief economist at Markit, which produces the survey.
Eurozone prospects “also do not look good”, he added. “Business confidence slumped lower and companies cut headcounts at the fastest rate since early 2010 in order to reduce capacity to meet lower workloads.”
Hit by the economic “shock” effects of the region’s debt crisis, eurozone gross domestic product contracted 0.3 per cent in the final quarter of 2011 compared with the previous three months. Figures for growth in the first three months of this year, due to be released next month, are expected by economists to confirm a technical recession – defined as two consecutive quarters of contraction.
Monday’s purchasing managers’ indices suggested the second quarter had started on a still weaker note. The “composite” index, covering services and manufacturing, fell from 49.1 in March to 47.4 in April. A figure below 50 indicates a contraction in economic activity. The eurozone manufacturing index fell from 47.7 in March to just 46 – the lowest in 34 months.
The indices are regarded as up-to-date indicators of growth trends and are frequently cited by Mario Draghi, ECB president. However, the gloomy readings for Germany have clashed with the more upbeat picture shown by the business climate indicator published by the Munich-based Ifo institute. April’s Ifo index, released on Friday, showed optimism rising for a sixth consecutive month and at a historically high level.

We know that the europe is facing a debt crisis, however don't forget that the history teach that anything can happen.
Like in 2008-2009, the whole financial world was thinking about a total collapse with the eur at the very bottom, untill the big players of the world just decided that it was enough and suddently a new uptrend started.
It's a big game, right now also if the debt crisis become too much upsetting there will be proibhition of short selling for bank stocks, huge recapitalizations, and voilà the market will go up again.
There is never an end, only up and downs.
As far concern about europe and crisis related to switzerland, the europe and switzerland are almost the same thing, if eur loose against dollar chf do too, (eurusd down usdchf up), so the europe meltdown is not all this dangerous for eurchf market, as switzerland would meltdown with europe too.
I personally see eurusd at 1.40 soon, this debt crisis is starting to become annoying and the usa may look to devaluate the usd value soon, so there's nothing to worry about.
(My view)

The debt crisis hasn't occured yet. All thats really happened is rising borrowing costs (as per yields) the problems occur when there is redemption and that is ongoing.

Only when the countries can't pay is when it gets bad and EUR, DAX, OIL falls. So trust me, if there is to be a problem (greece doesn't count its tiny. Im thinking italy/spain) it will be A LOT worse than what's happened so far. Falls deeper than 08/09.

The only way to stop it is to have budget surplus and to pay of the debt but the only way for that to happen in most countries is to stop supporting lazy people who can't be bothered to work.

I second Jeremy
Absolutely right, Spain and Italy are major problems as Italy is 3rd largest Euro economy and impact on total EURO GDP is quite high.
Silver lining is US which is showing signs of growth albeit slow job growth.
If these countries have their own currencies they can easily depreciates and accelerate growth which is not the case because of single currency and complex clauses so austerity at the expense of growth is going on.
Up to which point need to be seen.
ECB may come up with idea of purchasing bonds which can only support this for some time..they have to come up with common plan because of political compulsions not coming up..
If it comes to point. it will be worse than 2008-2009 for sure..