Just a feelig, there are also some advantages for SNB to act after the rate decision and Greek election.
1. Fewer longs and more short with EUR/CHF, easier to weaken CHF.
2. Better "surprise" effect.
I just cant see SNB wants to do something when everyone is anticipating for.
If this is SNB's plan, maby next week we will only see a small pop and then back down to 1.2010
1. Fewer longs and more short with EUR/CHF, easier to weaken CHF.
2. Better "surprise" effect.
I just cant see SNB wants to do something when everyone is anticipating for.
If this is SNB's plan, maby next week we will only see a small pop and then back down to 1.2010