EUR/CHF

I can't understand - have SNB power for intervence and new floor holding? ..or it is just fear FOREX speculants..

Eurusd break 1.31, interesting..

Anf then it spiked up.
I've got 30 pips on that...

in eurusd a spike is a spike....

Don't know your broker..

I have not seen 1 pip movement on my screen on this pair

lol

I think he was referring to eurusd, it spiked up of 60 pips from 1.31, eurchf did made a miserable 2pips damn eurchf

EUR/USD was good.. I was long so good booked 40 pips..
Like I said, the growth is on the agenda.. EU stocks will double in 2-3 years..if anyone in Europe..wants to invenst from long term. its a good bet..
10% only of portfolio and once direction comes..than increase... or average out

we have returned to the fixed exchange rate as a few decades ago.
Perhaps the volatility will return to the June 15.

volatility is going to explode soon, eurchf will not be able to keep such flat situation. Just wait a few days..

DJ Thomson Reuters FX-Trading Volume Slid 6% In April
03-May-2012
By Stephen L. Bernard
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--Spot foreign-exchange trading volume on Thomson Reuters (TRI.T, TRI) primary-trading platforms continued to slide in April, the company said Thursday.

Average daily trading volume fell 6% to $130 billion last month from April 2011 on the company's Thomson Reuters Dealing, Matching and Reuters Trading for FX platforms. It was the fourth-straight month in which volume declined year over year.

Market participants have cited low volatility in the foreign-exchange market and regular intervention and easing monetary policy by major central banks as reasons foreign-exchange trading volume has slowed during the first few months of 2012.

In recent weeks, the Swiss National Bank has intervened in the foreign-exchange market to defend its euro-Swiss franc floor at CHF1.20. The Bank of Japan has announced an additional net Y5 trillion ($62 billion) to its bond-purchase program. Federal Reserve Chairman Ben Bernanke also hinted that the U.S. central bank would use further easing measures if the economy weakens in the coming quarters. The euro, meanwhile, has been relatively range-bound against the dollar.

Those actions have pushed some investors to the sidelines.

Thomson Reuters's average daily trading volume was down 5% in April from the previous month when average volume was $137 billion a day.

ICAP PLC's (IAP.LN, IAPLY) EBS platform, one of the other big foreign-exchange trading platforms, has experienced similar, steady declines in foreign-exchange-trading volume. EBS hasn't yet released its April trading volume, but March average daily volume at EBS slipped 22% from the prior-year period to $122.7 billion.

I've been waiting for a month... So bored...

FT article 2012 april the 30th

Now is not the time for boring central bankers

By Philipp Hildebrand

What makes for good central banking? Mervyn King’s response to this question is recalled with fondness by governors. In a delightful lecture in Plymouth more than a decade ago, he said that the Bank of England should aspire to be boring, for the simple reason that “boring is best”.
What a difference the financial crisis has made. During the past couple of years, a period during which I chaired the governing board of the Swiss National Bank, central bankers have found themselves routinely criticised, vilified and attacked for all sorts of things. Being boring was not one of them.
Those who argue these policies were unnecessary or have planted the seeds of a greater future crisis are as wrong as the “liquidationists” of the Great Depression. The global economy was on the edge of the abyss in 2008. If central banks had failed to overcome their inherent bias for boredom, the global consequences would have been dire at best and catastrophic at worst.
Instead, the worst of the fallout from the crisis appears to be behind us. Does this mean that Sir Mervyn and his colleagues can once again embrace a “boring is best” philosophy any time soon?
The answer is a resounding “no”. Quantitative easing in the US and UK and liquidity provisions by the European Central Bank have above all bought time. Central bankers have built an immense life raft to save us all from drowning. They must now demonstrate the same courage and determination they deployed so effectively during the crisis and do everything they can to ensure that others are equally bold and take the actions required to bring the raft safely to shore.
Governments must create credible and long-term plans for fiscal consolidation. In parallel, they must implement specific policies to foster growth. Austerity alone cannot be the answer. Nowhere is this more apparent than in the eurozone. Banks, especially European banks, must be encouraged or, if necessary, forced by their regulators to strengthen their balance sheets. In some cases this may require public money. This is a prerequisite – not an impediment – to efficient credit flows into the real economy.
Central bankers face an arduous task. During the crisis, they were able to resort to policy measures that resided largely within their own statutory mandates, even if those mandates had to be stretched to breaking point. At some point, central banks will have to unwind their extraordinary policy measures to safeguard price stability. But right now, what needs to be done to land the emergency life raft safely is well beyond the direct authority of central banks. Now is the time for governments, parliaments and bank supervisors to rise to the occasion.
If they fail to do so, the critics who claim that central bankers merely planted the seeds of the next crisis will sadly appear to have been right after all; not because central bank policies during the crisis were inappropriate, but because politicians failed to recognise them for what they were: extraordinary measures to avert the worst case and buy time.
During the crisis, central bankers displayed great courage in action. Now they require a different kind of courage. Think of it as the courage of the pulpit or the courage of conviction. Central bankers must take advantage of their decisive contribution to preventing the collapse of the western financial system. They must use this accumulated credibility to demand that politicians and officials muster their own courage to do the necessary repair work on the global financial system and economy. This will put central banks in a tough and often very unpleasant spot. The more the sense of imminent danger recedes, the more difficult the job will become. Still, they must persevere.
Boring central banking is unlikely to return anytime soon. Nor should it. The battle-hardened central bankers who are in charge today are well-suited to continue the fight for sustainable repair of the global economy and insist that others do their part. Let’s hope the central bankers have the stamina for it. They’ve had a bruising and exhausting four-and-a-half years.
Some years ago, one of my predecessors gave me a bit of well-intentioned and earnest advise: “If you want to maximise your chances of one day becoming governor, remain quiet and do nothing!” That may still be sound bureaucratic career advice. It is also decisively the wrong mindset for today’s and indeed tomorrow’s central bank governors.

The writer is a senior visiting fellow at Oxford University and the former chairman of the Swiss National Bank

today high 1,2017 and low 1,2013. Tomorrow more and better. jajjaa!

Good night

Tomorrow is day "D" eurchf is going UPPP !!!

More chances for next week....
If tomorrow morning data is bad we could see 1.202 again, but the resistence is strong there. 1.203 is a dream

Unless of course, if they intervene...
But lot of new data is expected Monday I think, so they would probably wait until Monday... Can't exclude a gap over weekend either....

oh yes the famous weekend gaps

French elections might also have a strong influence on EURO...
Lots of news on Monday....

Yeah, probably not...
But this weekend seems important...
Probably no gap on EURCHF, as usual....

it seems Sarközy will lost..
does it mean EUR will weaken?