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EUR/CHF

  • #7,481
  • Jun 7, 2012 10:59am Jun 7, 2012 10:59am
Quoting qatar
As everytime people here is optimistic it goes down. There's no reason to be optimistic
I still think next week before the SNB monetary meeting there will be a rise up
  • #7,482
  • Jun 7, 2012 12:00pm Jun 7, 2012 12:00pm
Quoting qatar
As everytime people here is optimistic it goes down. There's no reason to be optimistic
We are optimistic cause we are making money...even from 1-2 pips ..so most of us are with SNB, rather to be against it.
Speculation converts one man's capital into another man's income
  • #7,483
  • Jun 7, 2012 12:16pm Jun 7, 2012 12:16pm
Now the shorts get punished
Looks like it will break up very soon....next target is 1,2030
  • #7,484
  • Jun 7, 2012 12:22pm Jun 7, 2012 12:22pm
Quoting rcrist
Can capital control also involve taxes on forex transaction?
IMO the logic should be : If you are on long you buy EUR with CHF practically..so it should not be any tax for long positions. The tax (negative interest) maybe can apply on short positions when you buy CHF. It should be in this way to encourage CHF to become weaker.
Speculation converts one man's capital into another man's income
  • #7,485
  • Jun 7, 2012 12:25pm Jun 7, 2012 12:25pm
The rally is because the EUR/USD is going up...but EUR has resistance at 1.26245 (Fibo level)...it needs to overpass that...if it's not passing that, again EUR/CHF will go again to 1.2010.
Speculation converts one man's capital into another man's income
  • #7,486
  • Jun 7, 2012 12:42pm Jun 7, 2012 12:42pm
Quoting cipid2012
The rally is because the EUR/USD is going up...but EUR has resistance at 1.26245 (Fibo level)...it needs to overpass that...if it's not passing that, again EUR/CHF will go again to 1.2010.
SNB has to unload its foreign reserve too...
I closed everything now... as I made my money for this week...don't think the pair will get too far up this week. Maybe next one.
  • #7,487
  • Jun 7, 2012 12:50pm Jun 7, 2012 12:50pm
Quoting cipid2012
IMO the logic should be : If you are on long you buy EUR with CHF practically..so it should not be any tax for long positions. The tax (negative interest) maybe can apply on short positions when you buy CHF. It should be in this way to encourage CHF to become weaker.
I dont't know... You also buy CHF when you close long positions...
We can study this over the weekend...
  • #7,488
  • Jun 7, 2012 12:55pm Jun 7, 2012 12:55pm
Quoting rcrist
SNB has to unload its foreign reserve too...
I closed everything now... as I made my money for this week...don't think the pair will get too far up this week. Maybe next one.
Same here...waiting to reload again...I'm with the bank, if SNB needs my gun power I'm ready to defend the peg )
Speculation converts one man's capital into another man's income
  • #7,489
  • Edited 1:50pm Jun 7, 2012 1:31pm | Edited 1:50pm
A close above 1.20300 tomorrow?

With next weeks meeting 1.21500 would be nice.

But it will probably be sold off again and end up near the floor
  • #7,490
  • Jun 7, 2012 1:57pm Jun 7, 2012 1:57pm
zerohedge says 1,1 is the new peg soon

http://www.zerohedge.com/news/how-lo...-re-pegged-110

time to go even more long? zerohedge...lol
  • #7,491
  • Edited 3:42pm Jun 7, 2012 2:17pm | Edited 3:42pm
1.1 makes no sense. If there is a peg, than 1.2 otherswise economy in switzerland gets in deep trouble.
SNB has the power to hold 1.2 or even higher and will do so.
  • #7,492
  • Jun 7, 2012 2:58pm Jun 7, 2012 2:58pm
Quoting brinks
A close above 1.20300 tomorrow?

With next weeks meeting 1.21500 would be nice.

But it will probably be sold off again and end up near the floor

This meeting is becoming a Graal...
  • #7,493
  • Jun 7, 2012 2:59pm Jun 7, 2012 2:59pm
Quoting rcrist
This meeting is becoming a Graal...
that's my concern too...
  • #7,494
  • Jun 7, 2012 3:12pm Jun 7, 2012 3:12pm
Few more months like the latest one and SNB will be able to buy entire Greece.
  • #7,495
  • Jun 7, 2012 3:31pm Jun 7, 2012 3:31pm
Just reloaded...if they will put peg at 1.1 it will be suicide for their economy.
Speculation converts one man's capital into another man's income
  • #7,496
  • Jun 7, 2012 3:35pm Jun 7, 2012 3:35pm
Quoting rcrist
Few more months like the latest one and SNB will be able to buy entire Greece.
)
Speculation converts one man's capital into another man's income
  • #7,497
  • Jun 7, 2012 4:05pm Jun 7, 2012 4:05pm
Quoting cipid2012
Just reloaded...if they will put peg at 1.1 it will be suicide for their economy.
I'm still waiting.... looking for a 1.2008...
  • #7,498
  • Jun 8, 2012 12:17am Jun 8, 2012 12:17am
We are starting to see some short coverings.....
  • #7,499
  • Jun 8, 2012 12:53am Jun 8, 2012 12:53am
Place your long bets by tonight.

I bet the Monday opening will already see a small jump upwards that may not drop down to the levels now until after Thursday SNB.
  • #7,500
  • Jun 8, 2012 1:58am Jun 8, 2012 1:58am
Buy and pray to almighty SNB
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