EUR/CHF

Usual stuff from the statement unlimited quantities etc

Mr Jordan is going to be in trouble i think

I think if things don't change soon we'll be in trouble!

If nothing happens during the press conference i'm cutting half my positions.

omg, it happened toooo fast, just 1min & drop 10pips - lost the opportunity to exit @ 10pip....

utter disappointment. Mr. jorden just encouraged the hedge funds to start the bombing. its time we take our money out and let the Snb feel the heat

The press conference may cause some movement

verbal blows are not enough this time. people are aware snb wont do anything so they will try to go against it now. anyway im getting out at the next spike.

What are you expect people, 1000 pips ?! It's not so easy to earn on forex.

has he started speaking. it should spike some day now

All very disappointing haha

As expected, no move when everyone is anticipating. But worth waiting for a few more weeks as now i think the amount of retail longs will reduce dramatically, the rope tied to SNB's hand is a bit loose, and this is important for SNB. I think the Greek election result will have some true excitment for this pair, for now, just let our sleeping beauty(eurchf) keep on sleeping.....

oh i never knew that.

I only wanted 70 pips

some one has put two magnets. one @1.20009 and one @1.20010

it moved by 1 pip.

if someone has to trade this it should be 100 dollars per pip.

SNB Maintains 1.2000 EURCHF Floor, "will not tolerate" stronger Franc




THE TAKEAWAY: SNB leaves 1.2000 EURCHF floor unchanged -> SNB 3-month libor rate unchanged at 0.00% -> SNB sees high risks to Swiss economy -> EURCHF increases volatility after SNB release
The Swiss National Bank retained its 1.2000 correlation between the Swiss Franc and Euro which has been in place since last summer, defying speculation of a raise in the floor. The SNB’s 3-month labor rate (which functions as a benchmark interest rate) was also left unchanged at 0.00%. The EURCHF market saw increased volatility after today’s release, climbing past 1.2020 before dropping into 1.2008.
The central bank said risks to the Swiss economy remain “exceptionally high” in today’s market environment, and mentioned that uncertainty about the Euro crisis continues to rise amid a turbulent political season. The SNB also mentioned that the Euro crisis has contributed to artificial gains in the safe Franc, and said that it “would not tolerate” additional gains in the Franc. The SNB said it is prepared to take further measures “at any time” to enforce the EURCHF cap.

ok it starts, *pop corn*

"SNB says that Switzerland will experience a significant economic slowdown over the rest of the year."

Good, you finally knows what the reality is, now, the rope is untide, you are free to implement your next step....

This is a patience trade.....SNB is running out of time.....and iam waiting....

ok lets break the floor while hes away from compu

what starts?