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EUR/CHF

  • #7,001
  • May 23, 2012 10:40am May 23, 2012 10:40am
hmmm, if the scenario of greece leaving euro is really happening, can snb still hold their floor ?
  • #7,002
  • May 23, 2012 10:56am May 23, 2012 10:56am
Quoting lucif
hmmm, if the scenario of greece leaving euro is really happening, can snb still hold their floor ?
That is the million dollar question.

I have had a good day today if i can do the same tommorow i have made enough to cover my losses on this trade so i will be closing them off
  • #7,003
  • May 23, 2012 10:58am May 23, 2012 10:58am
Quoting lucif
hmmm, if the scenario of greece leaving euro is really happening, can snb still hold their floor ?
Don't worry, trust the SNB. See the EURUSD plummeting from 1.32 to now 1.25, yet EURCHF is still holding around 1.201X. No significant change at all.

Even if Greece leaves, trust the 1.20 peg. It may be good as SNB may have to intervene in a bigger manner if Greece leaves....

CHF is already depreciating against the USD thanks to the 1.20 peg to EUR. This depreciation (against USD) is indirectly good for the Swiss economy to combat deflation.

Trust the SNB's 1.20 floor to your "utmost determination" & just be patient to your "utmost determination" & carry the +ve swap while waiting for something bigger to happen.
  • #7,004
  • May 23, 2012 11:06am May 23, 2012 11:06am
Quoting lucif
hmmm, if the scenario of greece leaving euro is really happening, can snb still hold their floor ?
Wow...
on my chart i dont see the price below 1.20
The SNB is very active those weeks (you just dont see it, because they change the tactic)
By the way, Greece is not in the EZ any more!!!!
  • #7,005
  • May 23, 2012 2:40pm May 23, 2012 2:40pm
NEW YORK (Dow Jones)--The Swiss National Bank's floor for the euro against the Swiss franc was held up by a large bidder that stepped in to buy EUR7 billion of the common currency Wednesday, according to three traders with knowledge of the transactions.
For several weeks, a bidder has held standing orders to buy the euro against the Swiss franc at between CHF1.2010 and CHF1.2005, which it carried out through Rabobank, traders said. The Netherlands-based bank was likely acting on behalf of the Swiss central bank, they said, helping preserve Switzerland's competitiveness by preventing a more dramatic drop in the euro.



"The idea is that it was kind of embarrassing for the SNB that the floor was breached at all, so they would want to be ahead of it," said Marc Chandler, global head of foreign exchange at Brown Brothers Harriman in New York. He added that traders at Brown Brothers also heard of a large buyer of euros Wednesday, but said it wasn't possible to confirm that the bidder was the Swiss central bank.
"They've got huge bids there, so people are assuming that its the Swiss National Bank because there's nobody else of that size," Chandler said.
  • #7,006
  • May 23, 2012 5:35pm May 23, 2012 5:35pm
Quoting alaneth
Don't worry, trust the SNB. See the EURUSD plummeting from 1.32 to now 1.25, yet EURCHF is still holding around 1.201X. No significant change at all.

Even if Greece leaves, trust the 1.20 peg. It may be good as SNB may have to intervene in a bigger manner if Greece leaves....

CHF is already depreciating against the USD thanks to the 1.20 peg to EUR. This depreciation (against USD) is indirectly good for the Swiss economy to combat deflation.

Trust the SNB's 1.20 floor to your "utmost determination" & just be patient to your "utmost determination"...
normally when there is a panic in the market and the USD raises, everything goes down including oil, so CHF depreciating against USD does not mean ease of deflation
  • #7,007
  • May 23, 2012 9:00pm May 23, 2012 9:00pm
Quoting zoran22
NEW YORK (Dow Jones)--The Swiss National Bank's floor for the euro against the Swiss franc was held up by a large bidder that stepped in to buy EUR7 billion of the common currency Wednesday, according to three traders with knowledge of the transactions.
For several weeks, a bidder has held standing orders to buy the euro against the Swiss franc at between CHF1.2010 and CHF1.2005, which it carried out through Rabobank, traders said. The Netherlands-based bank was likely acting on behalf of the Swiss central bank, they said, helping preserve...
meaning another life saver coming up for snb then...hahaaaa
  • #7,008
  • May 24, 2012 1:07am May 24, 2012 1:07am
My broker is ActivTraders.

Yesterday I was informed, that they will double the margin obligation for EUR/CHF by Friday this week.
Swap EUR/CHF long has changed from +0.04 pips to 0.

Do you have same experiences with your brokers?
  • #7,009
  • May 24, 2012 1:52am May 24, 2012 1:52am
Quoting Kfp
My broker is ActivTraders.

Yesterday I was informed, that they will double the margin obligation for EUR/CHF by Friday this week.
Swap EUR/CHF long has changed from +0.04 pips to 0.

Do you have same experiences with your brokers?
I havent had any problems like that so far.

One of brokers swap is positive and the other was negative but has just changed back to positive
  • #7,010
  • May 24, 2012 2:25am May 24, 2012 2:25am
Switzerland's trade surplus fell unexpectedly in April due to a fall in exports, the Federal Customs Administration reported Thursday.

The surplus decreased to CHF 1.33 billion in April from CHF 1.58 billion in March. The surplus was well below the consensus forecast of CHF 1.9 billion.

Exports dropped by real 0.9 percent from a month ago, following a 2.4 percent decline in March. At the same time, monthly increase in imports slowed to 2.6 percent from 5.9 percent.

In the first quarter, the trade balance showed a surplus of CHF 5.84 billion compared to a surplus of CHF 6.94 billion in the fourth quarter of 2011.

by RTT Staff Writer
  • #7,011
  • May 24, 2012 8:03am May 24, 2012 8:03am
EURCHF is exploding...
  • #7,012
  • May 24, 2012 8:05am May 24, 2012 8:05am
For few seconds...some shorts are out...still need to go to 1.21
Speculation converts one man's capital into another man's income
  • #7,013
  • May 24, 2012 8:07am May 24, 2012 8:07am
Quoting multi888
EURCHF is exploding...

I thought that it was a joke, but when I have seen the graphic... oh my god!
  • #7,014
  • Edited 8:19am May 24, 2012 8:08am | Edited 8:19am
YEAHHHHH!!!!!!!!!!!!!! - Closed 6 Lots...
  • #7,015
  • May 24, 2012 8:09am May 24, 2012 8:09am
just smoked my cigarette, returned and i can not believe what i see! :O

what happened?
  • #7,016
  • May 24, 2012 8:10am May 24, 2012 8:10am
CLOSE 0.5LOT
SNB take some action?
  • #7,017
  • May 24, 2012 8:10am May 24, 2012 8:10am
What the heck? who's in the train ? I am in, not sure when to get off...
  • #7,018
  • May 24, 2012 8:12am May 24, 2012 8:12am
There's some chatter about deposit taxing in Switzerland causing this bounce, but we haven't seen any confirmed headlines.
  • #7,019
  • May 24, 2012 8:13am May 24, 2012 8:13am
Quoting t-rader
There's some chatter about deposit taxing in Switzerland causing this bounce, but we haven't seen any confirmed headlines.
What is deposit taxing?
  • #7,020
  • May 24, 2012 8:15am May 24, 2012 8:15am
i was right options don't lie

)))))))
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