Attachments: EUR/CHF

EUR/CHF

#6,021
Apr 23, 2012 10:41am Apr 23, 2012 10:41am

Helloguys
| Joined Apr 2012 | Status: Trader | 158 Posts

Quoting coolkaps4u

Disliked

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.

Ignored

most of european real money dont go to chf as you think but to Germany. big inflows going to Germany and only few to Swiss.
anyway eurozone has too much problems, and dont have to be a prophet to see that is not sustainable.
but market has its time. eurobond or other actions might buy time for europe.

to me eurchf remains long.
but yes... a good trade might be a sell position at 1,2028 with s/l12037 and tp 1.19

minimum chances but great r/r

There shall be no QE3

#6,022
Apr 23, 2012 10:45am Apr 23, 2012 10:45am

lumbrjack
| Joined Mar 2012 | Status: Trader | 11 Posts

A RSI triangle

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#6,023
Apr 23, 2012 10:48am Apr 23, 2012 10:48am

tunera
| Commercial User | Joined Sep 2005 | 2,784 Posts

Quoting JeremyWS

Disliked

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...

Ignored

Well this is a very complex topic, however such debt crisis is technically impossible to fix, the debt that countries have with central banks are never supposed to be paid, if you consider a big part of such lended money to be stolen from banks and politics, then interests on the loan, and interests on the interests, there are mathematically never enough money to pay back the debts, the best way to survive is make as more debts as possible, and then make more again, and don't care too much about it.
Of course from an individual perspective is not a good advice, but from a global/national perspective is the only way to go, so a debt crisis can only be fixed by making more debts, that is what is and will continue to happen. It's about power, big banks and financial institutions aim to gain power over the civilizations by being their only creditors, it's a weird game but we better don't care too much about it, hopefully our job is just to make money and live a good life

#6,024
Apr 23, 2012 11:01am Apr 23, 2012 11:01am

Kfp
| Joined Apr 2012 | Status: Trader | 49 Posts

News on www.sf.tv

Euro again briefly below 1.20 francs

Monday 23 April 2012, 15:47 clock
The euro has suffered the week beginning on weak economic outlook. He was clearly weakened and fell in midday trading to 1.31 U.S. dollars. For Franken, the euro barely moved.

05:04:12: € slips below 1.20 francs

For the third time this month, the euro-Swiss franc exchange rate fell below 1.20. keystone

On the night of Monday, the euro fell in Asian trading but once again the Swiss National Bank (SNB) lower boundary of 1.20 francs, and fell briefly to 1.199 francs. Thus, the threshold was breached for the third time since early April.

Original source:

http://www.tagesschau.sf.tv/Nachrich...ang=front_top4

Is that the the dip we have seen yesterday evening on www.xe.com?

Has anybody seen that price on a broker platform Sunday night?

#6,025
Edited 11:39am Apr 23, 2012 11:09am | Edited 11:39am

pipxster
| Joined Feb 2012 | Status: Trader | 697 Posts

Quoting coolkaps4u

Disliked

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

Ignored

Almost well said but I think Jordan will be more than happy to acquire more reserves that totals around 240 bln EUR now (its not eur but diversified into gold, other currencies securities etc.) in these hard times.

let me quote him from saturday "We have always said that we are prepared to use our balance sheet without restraint."

That not a very big number is swiss terms - just read today, that the market value of Nestle:220bln USD - Swiss GDP 600bln.
We know that they swap immediately, so why not to get 100% of gdp as a reserve if there's no inflation as an extreme scenario. Theres still 360 bln EUR to go (2 times nestle). What was the amount of stops 25bln? Their offer at 1.2? 20 bln. Lol

ps:
They also wont drop floor because then snb owners were losing...cantons...politicians. they just got couple of blns from SNB from las years "result" (floor establishing)

+ I agree with EUR/USD spike up. no doomsday as its not in the interest of anybody

#6,026
Apr 23, 2012 11:44am Apr 23, 2012 11:44am

cfxx
| Joined Apr 2012 | Status: Trader | 39 Posts

Quoting pipxster

Disliked

Almost well said but I think Jordan will be more than happy to acquire more reserves that totals around 240 bln EUR now (its not eur but diversified into gold, other currencies securities etc.) in these hard times.

let me quote him from saturday "We have always said that we are prepared to use our balance sheet without restraint."

That not a very big number is swiss terms - just read today, that the market value of Nestle:220bln USD - Swiss GDP 600bln.
We know that they swap immediately, so why not to get 100% of gdp as a reserve if there's...

Ignored

I think it is good only to buy EURCHF with tight TP and SL bellow 1.2000, maybe 1.1990.

#6,027
Apr 23, 2012 12:50pm Apr 23, 2012 12:50pm

tunera
| Commercial User | Joined Sep 2005 | 2,784 Posts

Quoting Kfp

Disliked

News on www.sf.tv

Euro again briefly below 1.20 francs

Monday 23 April 2012, 15:47 clock
The euro has suffered the week beginning on weak economic outlook. He was clearly weakened and fell in midday trading to 1.31 U.S. dollars. For Franken, the euro barely moved.

05:04:12: € slips below 1.20 francs

For the third time this month, the euro-Swiss franc exchange rate fell below 1.20. keystone

On the night of Monday, the euro fell in Asian trading but once again the Swiss National Bank (SNB) lower boundary...

Ignored

I remember there was somebody who posted an image of eurchf falling below 1.20 just at market open, it happened (only in a few brokers by the way).

#6,028
Apr 23, 2012 2:08pm Apr 23, 2012 2:08pm

pipxster
| Joined Feb 2012 | Status: Trader | 697 Posts

Quoting tunera

Disliked

I remember there was somebody who posted an image of eurchf falling below 1.20 just at market open, it happened (only in a few brokers by the way).

Ignored

I think no creditline/bucketshop problem have seen 3 broker price and none of them were even nearby (ibfx,saxo,fxcm). Would suggest to leave this broker.

#6,029
Apr 23, 2012 2:44pm Apr 23, 2012 2:44pm

cfxx
| Joined Apr 2012 | Status: Trader | 39 Posts

Quoting tunera

Disliked

I remember there was somebody who posted an image of eurchf falling below 1.20 just at market open, it happened (only in a few brokers by the way).

Ignored

It is here, my broker is ECN broker, but i think i can not write names here. Here is picture.

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#6,030
Apr 23, 2012 3:10pm Apr 23, 2012 3:10pm

tunera
| Commercial User | Joined Sep 2005 | 2,784 Posts

Quoting cfxx

Disliked

It is here, my broker is ECN broker, but i think i can not write names here. Here is picture.

Ignored

Yes comeon look it's stop-hunting, just artificial spike.
I don't know what broker you use, but looks like it's a weird ecn.

#6,031
Apr 23, 2012 3:14pm Apr 23, 2012 3:14pm

coolkaps4u
| Joined Feb 2012 | Status: "May the odds be ever against you" | 457 Posts

Quoting tunera

Disliked

Yes comeon look it's stop-hunting, just artificial spike.
I don't know what broker you use, but looks like it's a weird ecn.

Ignored

First look its a stop hunting spike.
Second, its all over news swiss channel, twitter, it has broken floor.
Doesn't sound like that my broker went to 1.2008 only

May be some ECN broker not having credit lines with Swiss so may be this is going on... you can place buy order near it and it will be instant profit...

#6,032
Apr 23, 2012 6:09pm Apr 23, 2012 6:09pm

cfxx
| Joined Apr 2012 | Status: Trader | 39 Posts

Quoting tunera

Disliked

Yes comeon look it's stop-hunting, just artificial spike.
I don't know what broker you use, but looks like it's a weird ecn.

Ignored

See my broker in my Trade explorer.