EUR/CHF | Page 373 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/CHF

Similar Threads

GBP/CHF and USD/CHF 955 replies

Correlation EUR/USD, USD/CHF, EUR/CHF (Humour me please... Thx) 8 replies

EUR/CHF, USD/CHF turning up? 1 reply

Using usd/chf - eur/usd correlation to see moves in EUR/USD 46 replies

Ranging pairs? EUR/CHF, EUR/GBP, AUD/CAD? 0 replies

Attachments: EUR/CHF
Exit Attachments

EUR/CHF

  • #7,441
  • Jun 6, 2012 12:09pm Jun 6, 2012 12:09pm
hi guys,

a theoretical question (hopefully): if someday the euro would collapse and the currency would be abolished, what would happen to my open EURCHF positions? Let's assume I had 1 lot long, would the abolishment of the euro mean that at that moment I would have 100'000 debts to the broker?

Thanks
  • #7,442
  • Jun 6, 2012 12:30pm Jun 6, 2012 12:30pm
Quoting rcrist
Maybe snb is selling euros to reduce foreign reserves as Thursday they will publish this
Of course! The SNB is selling euros because EURUSD is going up 1% and EURCHF is going down 0,03%.
  • #7,443
  • Jun 7, 2012 12:02am Jun 7, 2012 12:02am
My bet is that they will delay for next week one of the results scheduled for today - this would create more tension next for next week...
  • #7,444
  • Jun 7, 2012 12:07am Jun 7, 2012 12:07am
Quoting madxzen
hi guys,

a theoretical question (hopefully): if someday the euro would collapse and the currency would be abolished, what would happen to my open EURCHF positions? Let's assume I had 1 lot long, would the abolishment of the euro mean that at that moment I would have 100'000 debts to the broker?

Thanks

Abolish EURO will not mean EUROs will be worthless...
I think there will be a period when both EUROs and national currency will be available...
Unless all world colapses and then your forex broker disappears as well...
  • #7,445
  • Jun 7, 2012 12:08am Jun 7, 2012 12:08am
Just closed 50 % of my longs.
Now wait for a break up or down....
Thanks SNB for manipulating this pair...
  • #7,446
  • Jun 7, 2012 12:41am Jun 7, 2012 12:41am
Quoting rcrist
Just closed 50 % of my longs.
Now wait for a break up or down....
Thanks SNB for manipulating this pair...
Yeah it is very frustrating. The SNB say they can't be seen as currency manipulators but that is what they are.

But so is every other central bank at the moment
  • #7,447
  • Jun 7, 2012 1:05am Jun 7, 2012 1:05am
Interesting thing: The 200 DAY MA is raising because the days under 1.2 price is dont counting to the MA. There is only 2 days left. On Monday it will stop raising. Now the 200 DAY MA is 1.2136, on Monday it will be about 1.2143.

200 day MA is very important support/resistance. So if will be a spike this level would be important.

Attached Image (click to enlarge)
Click to Enlarge Name: 200day.jpg Size: 98 KB
  • #7,448
  • Jun 7, 2012 2:13am Jun 7, 2012 2:13am
From what I see SNB' foreign currency reserves are at the highest value, at least for the last 10 years. They are buying in large quantities foreign currency, especially EUR. I think at this rhythm they will be force to impose some measures soon.
Speculation converts one man's capital into another man's income
  • #7,449
  • Jun 7, 2012 2:15am Jun 7, 2012 2:15am
Quoting cipid2012
From what I see SNB' foreign currency reserves are at the highest value, at least for the last 10 years. They are buying in large quantities foreign currency, especially EUR. I think at this rhythm they will be force to impose some measures soon.
I agree and it could come next week
  • #7,450
  • Jun 7, 2012 2:20am Jun 7, 2012 2:20am
wow, they really started the printing machine....
maybe it's time to quit this pair...
  • #7,451
  • Jun 7, 2012 2:23am Jun 7, 2012 2:23am
But inflation is falling...

I think they will make negative yield on CHF deposits next week
  • #7,452
  • Jun 7, 2012 2:23am Jun 7, 2012 2:23am
SNB spokesman says fx holdings will increase to defend franc cap
  • #7,453
  • Jun 7, 2012 2:23am Jun 7, 2012 2:23am
[quote=rcrist;5736033]wow, they really started the printing machine....
maybe it's time to quit this pair...[/quo

CPI a little worse than expected -1% year on year

I think they have to do more but they must be getting nervous.
  • #7,454
  • Jun 7, 2012 2:26am Jun 7, 2012 2:26am
Quoting druckerei
But inflation is falling...

I think they will make negative yield on CHF deposits next week
Go ahead capital controls
  • #7,455
  • Jun 7, 2012 2:28am Jun 7, 2012 2:28am
Quoting rcrist
wow, they really started the printing machine....
maybe it's time to quit this pair...
why? They need to impose capital controls or whatever other temporary measures to weak the CHF.
CPI also not good...they can print money cause no inflation . IMO now they are forced to take some measures.It will be very interesting what they will announce on 14th June. I will stick with this pair till then.
Speculation converts one man's capital into another man's income
  • #7,456
  • Jun 7, 2012 2:38am Jun 7, 2012 2:38am
Quoting cipid2012
why? They need to impose capital controls or whatever other temporary measures to weak the CHF.
CPI also not good...they can print money cause no inflation . IMO now they are forced to take some measures.It will be very interesting what they will announce on 14th June. I will stick with this pair till then.

yeah, I'll think about it... it's just that I didn't think they bought that much EURO to defend the peg....
  • #7,457
  • Jun 7, 2012 2:43am Jun 7, 2012 2:43am
Problem is everything has an end... and one has to stop at the right moment...
I'm in this since september 2011 and made good money on it.

At least they proved they are commited to print enough CHF to keep the peg...
  • #7,458
  • Jun 7, 2012 2:47am Jun 7, 2012 2:47am
Quoting rcrist
Problem is everything has an end... and one has to stop at the right moment...
I'm in this since september 2011 and made good money on it.

At least they proved they are commited to print enough CHF to keep the peg...
I think if no up move by next week then get out
  • #7,459
  • Jun 7, 2012 2:55am Jun 7, 2012 2:55am
Quoting brinks
I think if no up move by next week then get out

yeah... let's see if I can jump back in as I closed most of my trades ...
  • #7,460
  • Jun 7, 2012 3:09am Jun 7, 2012 3:09am
the peg will not be removed before september that's for sure.
with these fundamentals an euro crisis it would be disaster to move it...
2 traders viewing now