I still think there will be a spike up before the monetary meeting
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Possiable, If i am the SNB i will introduce some sort of policy before the Greek election as no one knows what will happen to the election, it is safer to ring fence beforehand incase there is a big explosion in the market, how does everyone think?
Possiable, If i am the SNB i will introduce some sort of policy before the Greek election as no one knows what will happen to the election, it is safer to ring fence beforehand incase there is a big explosion in the market, how does everyone think?
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yes i was thinking the same and as you said they started the verbal war about negative rates
so possible they could do it but the threat will cause a spike up before even if they dont do it
This guy is always pessimistic against EUR/CHF long!
This weekend Jordan reconfirmed that SNB will hold the peg at 1.20 even in a difficult enviroment!
Why should they lower the peg then or change it into a basket peg?
The credibility of the SNB will be destroyed forever.
I think, they will come up with some additional measures to support the peg and to reduce the inflow of capital into CHF.
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kfp, with today's data, u can ignore this pessimistic EUR/CHF guy and feel more comfortable.
Since I am here a lot of people are immigrating. I heard a radio report back in 2010 that the most babies born in Switzerland are from NON native Swiss persons. If I see a Swiss woman pushing a trolley she has 1 baby. If I see a NON Swiss mom with a trolley at least 2 babies if more.
There are to much immigrants here causing trouble. Sure it is smart to employ expats in construction and gruntwork but there must be a limit. I think you can control the immigrants with the job availability.
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Mate, what would happen to Switzerland without the huge proportion of wealthy and highly educated immigrants ? More than 50% of the population is foreign in Geneva, and they do cluster at least as much in five stars hotels as on construction sites.
I spent the last week end in Lausanne, spending some of the CHF I made on last week eurchf spike, and the front page of the newspaper was about Singapore Investment officials coming to Geneva to push trading companies to relocate to Singapore, and how it would hurt Switzerland if those foreigners moved out of the country.
Great country btw, used to live there and wouldn't mind doing it again.
Mate, what would happen to Switzerland without the huge proportion of wealthy and highly educated immigrants ? More than 50% of the population is foreign in Geneva, and they do cluster at least as much in five stars hotels as on construction sites. Great country btw, used to live there and wouldn't mind doing it again.
Im afraid if EURUSD reverses SNB will try to offload the soaked up euros...
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They will offload. But Germans and Merkel are delaying this, as long as they are not welling to give the southern europeans a hand, we will still have a crisis, and thus still have massive inflows into CHF, like I said, massive inflows are actually good for us(longs) as this will force SNB to act.
I'm again nervous what will happen on Monday early Asian time..... Afraid SNB is sound asleep when their floor is strongly tested...
SNB is so relaxed - just propping up the floor, bidding at 1.2000 instead of pushing the rate further up.
Hope their favorite vocabulary "...Utmost Determination" is a reliable guarantee. I place no stop loss. My stop loss = SNB guarantee (+15 pips below)
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they have got huge bids down at 1.20.
It was on forex live but i cant find the post it was about 41 billion but on with a bank so as to not look like the SNB i think
