Either that or they will do stealth intervention. That way the longs will get out at b/e and traders will hopefully switch to shorts and get eaten on relentless and slow push upwards. Similar to JPY pairs this Feb.
- #6,104
- Apr 25, 2012 6:02am Apr 25, 2012 6:02am
- | Commercial User | Joined Sep 2005 | 2,784 Posts
I think we'll need to wait next month for a possible consistent rise above 1.203...
Just go to sleep
Snb or not, eurchf will move too, maybe we'll not see the 1.30 skyrocket that margincalled hitler, but still chances of good movements is big, maybe yeah next month (if i remember well on 27th of april there was something like a meeting of the snb, or shit like that, let's see..).
Edit:
The SNB holds its annual general meeting April 27.
Yes confirm, 27 april, maybe they can finally decide to do something more active than a buy-limit order.
- #6,115
- Apr 25, 2012 10:35am Apr 25, 2012 10:35am
fasten your seatbelt
- US FED minimum bank rate decision (one hour later today), if this was USD supportive
- rumours before big events (SNB meeting). This will be on friday
Economic datas, technical patterns, indicators etc did nothing
So we will have 2 events in this week. If there will be no reaction we have to wait another month(s)
Other issue is month end chf inflow to chf based lisings, which is easing next week.
- #6,116
- Apr 25, 2012 10:42am Apr 25, 2012 10:42am
- | Commercial User | Joined Sep 2005 | 2,784 Posts
Yes, in the last 3 months, there was only two things, which could moved this pair:
- US FED minimum bank rate decision (one hour later today), if this was USD supportive
- rumours before big events (SNB meeting). This will be on friday
Economic datas, technical patterns, indicators etc did nothing
So we will have 2 events in this week. If there will be no reaction we have to wait another month(s)
Other issue is month end chf inflow to chf based lisings, which is easing next week.
But yeah i see eurusd at 1.34, usdchf on the other hand don't looks like very bearish, so there is some remote possibility of some action in eurchf too, let's wait 1 hour and see.
Standing on the history, the focm (like many other important event for the markets) will have no impact at all on eurchf, but we still take a look at it.
