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EUR/CHF

  • #7,401
  • Jun 5, 2012 4:15am Jun 5, 2012 4:15am
Quoting rcrist
Who is saying this?
Actually the swaps for long positions should be positive.
It should be positive on long EUR/CHF positions if EUR interest rate is bigger than CHF interest rate. In this moment, for EUR is 1% and for CHF is 0% => positive swap. In rest, it's depending on broker.
Speculation converts one man's capital into another man's income
  • #7,402
  • Jun 5, 2012 4:18am Jun 5, 2012 4:18am
http://www.homefinance.nl/english/in...-rates-usd.asp

swap should be calculated on overnight rate not CB rates
  • #7,403
  • Jun 5, 2012 6:18am Jun 5, 2012 6:18am
under 1.2010 again..... hope to get a chance to buy again as i sold most of yesterday longs...
  • #7,404
  • Jun 5, 2012 6:56am Jun 5, 2012 6:56am
Quoting Ase65
For my Broker I must pay to be long!
It's a good idea to get a swap-free broker.
Some say it's only for the Muslim faith, but there are many swap-free brokers around who will just give you swap free accounts regardless of your belief.....
  • #7,405
  • Jun 5, 2012 8:04am Jun 5, 2012 8:04am
Quoting zoran22
http://www.homefinance.nl/english/in...-rates-usd.asp

swap should be calculated on overnight rate not CB rates
I agree:

Libor Overnight CHF is at 0.015 % at mom
Libor Overnight EUR is at 0.2604 % at mom.
So it's already lower than the discount rate of EZB at 1 %.

There shouldn't be a negative swap at long EUR/CHF with your broker after any decision to lower the interest rates.

But the brokers don't seem to be fair at the moment.
  • #7,406
  • Jun 5, 2012 8:18am Jun 5, 2012 8:18am
in M15 chat it looks like someone tries to let close the candles red.
the same you can see before a new hour begins.
  • #7,407
  • Jun 5, 2012 8:28am Jun 5, 2012 8:28am
Quoting pipxster
Attachment
let me repost my older reply
Attached Image (click to enlarge)
Click to Enlarge Name: jordan_2.jpg Size: 81 KB
  • #7,408
  • Jun 5, 2012 8:39am Jun 5, 2012 8:39am
What price did you sold it ? 1.2012 , like 4 Pips profit?
I want to sell too , only worry about if the spike after I sell it.
Seems like its gonna go between 1.2008 to 1.2012 for several days until the
election ?



[/code]

Quoting rcrist
under 1.2010 again..... hope to get a chance to buy again as i sold most of yesterday longs...
  • #7,409
  • Jun 5, 2012 9:09am Jun 5, 2012 9:09am
Quoting pyb1314
What price did you sold it ? 1.2012 , like 4 Pips profit?
I want to sell too , only worry about if the spike after I sell it.
Seems like its gonna go between 1.2008 to 1.2012 for several days until the
election ?



[/code]
I think it will spike up before next weeks monetary meeting.
Although i dont think anyone is expecting the floor to be raised there is nothing to say they wont bring in negative rates or some other measure
  • #7,410
  • Jun 5, 2012 9:34am Jun 5, 2012 9:34am
How much spike do you guys think will happen pre-SNB monetary assessment next week?

The last time in March was up to about 1.2140.
How much do you think this spike will be? higher? or lower?

Remember Greece's elections is 3days after SNB.
  • #7,411
  • Jun 5, 2012 9:36am Jun 5, 2012 9:36am
Quoting alaneth
How much spike do you guys think will happen pre-SNB monetary assessment next week?

The last time in March was up to about 1.2140.
How much do you think this spike will be? higher? or lower?

Remember Greece's elections is 3days after SNB.
almost everybody is preparing for that spike, therefore I bet no spike, instead some obese finger from Mr. Jordan to offload some EURs to reduce his "stomach ache"

  • #7,412
  • Jun 5, 2012 9:46am Jun 5, 2012 9:46am
Quoting pipxster
almost everybody is preparing for that spike, therefore I bet no spike, instead some obese finger from Mr. Jordan to offload some EURs to reduce his "stomach ache"

Hahaha yeah maybe.

Everybody knows the floor wont be raised so maybe no spike.

But there is always the chance they may do something else.
  • #7,413
  • Jun 5, 2012 10:53am Jun 5, 2012 10:53am
Quoting tomplank
in M15 chat it looks like someone tries to let close the candles red.
the same you can see before a new hour begins.
Might be an agressive hedge fond, looks like constant attacking 1,2008.
  • #7,414
  • Jun 5, 2012 12:39pm Jun 5, 2012 12:39pm

Quoting pipxster
almost everybody is preparing for that spike, therefore I bet no spike, instead some obese finger from Mr. Jordan to offload some EURs to reduce his "stomach ache"


Maybe we'll hit at least 1.202 as people will prepare for the spike..
  • #7,415
  • Jun 5, 2012 12:43pm Jun 5, 2012 12:43pm
anyway I first want to see what happens this Thursday morning...
  • #7,416
  • Jun 5, 2012 12:46pm Jun 5, 2012 12:46pm
Quoting rcrist
anyway I first want to see what happens this Thursday morning...
Are you expecting CPI to come in better or worse?
  • #7,417
  • Jun 5, 2012 1:32pm Jun 5, 2012 1:32pm
ZURICH--The head of Swiss company Bucher Industries AG (BUCN.EB) warned of dire consequences should the euro/franc floor imposed by the Swiss National Bank be breached, a report to be published Wednesday said.

In an interview with the Swiss paper Handelszeitung, Philip Mosimann is quoted as saying that parity between the Swiss franc and the euro could force the company to shut down some of its factories in the Alpine country.

"With 1.20 (CHF per euro) we can barely live," he told the paper. "With 1.10 we would have to outsource part of the Swiss production, and with parity, we would have to close down factories," Mr. Mosimann was quoted as saying, adding that he believed that the SNB is able to keep the current floor.
  • #7,418
  • Jun 5, 2012 1:38pm Jun 5, 2012 1:38pm
Quoting brinks
Are you expecting CPI to come in better or worse?
hmmm. strong downward pressure from export/impor from domestic industries especially construction upward pressure, the resultant is...?
I think worse than expected
  • #7,419
  • Jun 5, 2012 1:42pm Jun 5, 2012 1:42pm
Quoting pipxster
hmmm. strong downward pressure from export/impor from domestic industries especially construction upward pressure, the resultant is...?
I think worse than expected
It will be interesting either way better or worse the pair won't move
  • #7,420
  • Jun 5, 2012 1:58pm Jun 5, 2012 1:58pm
Quoting brinks
It will be interesting either way better or worse the pair won't move
agreed but can can change the level of "stomach ache" of Mr. Jordan, so maybe it can force some policy change,

still I do think that SNB have chosen a bad strategy to leave EURCHF bulls disappointed, with that strategy they "won" maybe 35BLN EUR offloading over months and in 2-3 weeks they soaked up maybe 50BLN EUR. If they make such a strategy that they support the bullish trend and chart, then now they would might have an army of 200x leveraged warriors on their side either grexit or not grexit pfff.

should they lower the peg to 1,1 they can soak up each week maybe 100BLN or more until they forced to 0,8-0,9 rate.

so to sum up I expect capital controls like in Brasil soon...
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