EUR/CHF | Page 397 | 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

  • #7,921
  • Jun 15, 2012 5:34am Jun 15, 2012 5:34am
Quoting tim10167
brinks, whats your opinion on the longs closing their position in recent days?How do you think its gonna affect SNB's thinking and strategy?
I think their strategy was to just sit on the bid at 1.20.

In the hope that the euro leaders would sort there problems out.
I dont think longs closing will make any difference to them.

But then i thought we would get a nice bounce before the monetary meeting !!!!
  • #7,922
  • Jun 15, 2012 5:36am Jun 15, 2012 5:36am
So is anyone really going to keep trades open on this pair over the weekend? If things get really bad in Greece over the weekend, we could see a constant big flow of money out of the euro and into the swiss franc.

This is real money, not speculators going long or short, just people wanting to keep money in a safe haven.
  • #7,923
  • Jun 15, 2012 5:40am Jun 15, 2012 5:40am
Quoting zpiders
So is anyone really going to keep trades open on this pair over the weekend? If things get really bad in Greece over the weekend, we could see a constant big flow of money out of the euro and into the swiss franc.

This is real money, not speculators going long or short, just people wanting to keep money in a safe haven.
I'm leaving mine on i think the swiss have got there stuff sorted out
If a constant big inflow happens they will do something about it
  • #7,924
  • Jun 15, 2012 6:14am Jun 15, 2012 6:14am
Important Communication from Broker Activtrades:



"Dear Trader,
ActivTrades would like to announce that the following currency pairs will be subject to a greater margin requirement: EURCHF, AUDCHF, CHFJPY, CADCHF, GBPCHF, USDCHF and NZDCHF. The permitted leverage will be 1/8 of the standard margin on your account as of Wednesday 20th June at 19:00 CET and 1/16 from Wednesday 27th June at 19:00 CET.
For example, an account with leverage of 400:1 will provide 50:1 leverage on the noted currency pairs above from Wednesday 20Th and 25:1 leverage from 27th June.
Please check your positions and consider the effect this change will have on your margin requirement and trade out level."


Something is brewing?
  • #7,925
  • Jun 15, 2012 6:18am Jun 15, 2012 6:18am
Quoting zpiders
So is anyone really going to keep trades open on this pair over the weekend? If things get really bad in Greece over the weekend, we could see a constant big flow of money out of the euro and into the swiss franc.

This is real money, not speculators going long or short, just people wanting to keep money in a safe haven.
i think the big money out of greece is already in switzerland... and longs on EURCHF get more and more closed...

Still Spain and Italy who could bring even more real money into CH(F)
  • #7,926
  • Jun 15, 2012 6:27am Jun 15, 2012 6:27am
Quoting alaneth
Do you know any brokers with low spread?
say 1-1.5 pips on eurchf?

I'm now into scalping after Monday Greece results.
Interactive Brokers has 0.5 to 1.5pips spread during european and US market hours - the way they manage the forex trades is horrible though in matter of swaps. Carry will cost you quite a bit either long or short if you hold overnight.
  • #7,927
  • Jun 15, 2012 6:48am Jun 15, 2012 6:48am
Hi,

I'm a software developer with a passion for forex EA.

I'd like to create a development group to create a new EA..
If anyone is interested can find my email and IM contacts on my profile.

Of course the the result of work of the group will be free and maybe have a thread all its own!

Happy trading..

EA Coder ITA
There is no place like 127.0.0.1
  • #7,928
  • Jun 15, 2012 8:15am Jun 15, 2012 8:15am
interesting paper:
http://www.traderlink.it/notizie/vie...medium=twitter

If what this paper is saying is correct, SNB may not act in the near term.
But I think this paper is missing a major component.....
  • #7,929
  • Jun 15, 2012 9:11am Jun 15, 2012 9:11am
actually what would happen on the broker side if eurchf gaps to say 1.10 on monday open if my full account wipeout level is at 1.19? what would they do about the -900 pips loss they've incurred? do they have jurisdiction to come to my country and demand payment?
  • #7,930
  • Jun 15, 2012 9:47am Jun 15, 2012 9:47am
they will make a big profit and yes you will need to pay them.If you refuse they have a good lawyers.
But if you are from Zimbabwe, they will need to find you first and i am sure this will be very difficult

Quoting MiG123
actually what would happen on the broker side if eurchf gaps to say 1.10 on monday open if my full account wipeout level is at 1.19? what would they do about the -900 pips loss they've incurred? do they have jurisdiction to come to my country and demand payment?
  • #7,931
  • Jun 15, 2012 10:09am Jun 15, 2012 10:09am
Fxcm and fxpro has a kind of no negative balance guarantee, besides cost of collection could be very high and questionable for them. Anyway quite inconvenient situation but individuals are faster and smarter so probably brokers would bankrupt as per long and costy legislation and enforceability country by country and after 3 years or so they find individuals with 0 wealth.

I ve gone for one day put option at 1,19 cost 8 pips
  • #7,932
  • Edited 11:02am Jun 15, 2012 10:39am | Edited 11:02am
Quoting MiG123
actually what would happen on the broker side if eurchf gaps to say 1.10 on monday open if my full account wipeout level is at 1.19? what would they do about the -900 pips loss they've incurred? do they have jurisdiction to come to my country and demand payment?
I dont understand how everyone thinks this is going to gap down
Euro dollar opened with a big gap last week euro chf was within a pip or 2 of its close
  • #7,933
  • Jun 15, 2012 11:32am Jun 15, 2012 11:32am
Quoting brinks
I dont understand how everyone thinks this is going to gap down
Euro dollar opened with a big gap last week euro chf was within a pip or 2 of its close
Agree 99,9% no gap, but still there can be a 0,1% rare event, fat finger human error anything.
  • #7,934
  • Jun 15, 2012 12:01pm Jun 15, 2012 12:01pm
I am losing all my patience watching my long entry at 1.2010. Time to close this and get out of this pair!
  • #7,935
  • Jun 15, 2012 1:34pm Jun 15, 2012 1:34pm
Quoting PipMaxzz
I am losing all my patience watching my long entry at 1.2010. Time to close this and get out of this pair!

Hope you held on till now... Just hit my 1.2010 limit order. I am selling though, not going long like you. Why would you go long here? Thinking good news out of Greece vis-a-vis elections Sunday?
  • #7,936
  • Jun 15, 2012 2:20pm Jun 15, 2012 2:20pm
Come on guys who the hell is gone buy real money on chf on Sunday from Italy, Spain and Grecce if something happen???
If not the same speculators don't you think is impossible to happen such a thing?
  • #7,937
  • Jun 15, 2012 2:55pm Jun 15, 2012 2:55pm
My broker ActivTrades terminated my acoount with long EUR/CHF positions (no S/L or anything like this)

I cannot understand.

They said with all my longs only in one pair EUR/CHF I am a high risk customer and they don't want to have me anymore.

Had to close everything and good bye....

Any proposals for a good broker!
  • #7,938
  • Jun 15, 2012 3:04pm Jun 15, 2012 3:04pm
Alapri UK and Dukas are the best

Quoting Kfp
My broker ActivTrades terminated my acoount with long EUR/CHF positions (no S/L or anything like this)

I cannot understand.

They said with all my longs only in one pair EUR/CHF I am a high risk customer and they don't want to have me anymore.

Had to close everything and good bye....

Any proposals for a good broker!
  • #7,939
  • Jun 15, 2012 3:19pm Jun 15, 2012 3:19pm
Swiss Bank's foreign exchange reserves have risen sharply in May, a 67 billion CHF (ie,
28.3% m / m - up to CHF 304 billion, with CHF 237 billion in April). This increase is almost
entirely the result of intervention of Bank of Switzerland in order to defend the exchange rate on the EURCHF
level of 1.20 - the value of these interventions can be estimated at around CHF 64 billion
(assuming no changes in composition of foreign exchange reserves SNB to March 2012 and
taking into account the effects of exchange rate revaluation). despite the rapid
reserve growth in May, it appears that Bank of Switzerland still has considerable space
to intervene, given the persistent deflation (-1.0% y / y) and forecasts
inflation below 1.0: the horizon of 3 years - against the target of SNB
2%. It is estimated that additional SNB interventions at the level of CHF 150-200 billion no
to have an adverse impact on inflation. The credibility of a fixed level
defended by the SNB also contends that most of the money wykreowanego
not circulate in the real economy, but it is stezauryzowana by investors as
medium value (which suggests that this limit should be regarded as intervention
extremely conservative, and SNB, additional interventions can be repeatedly
larger). As long as inflationary pressures remain subdued as a result of interaction
falling import prices on inflation in Switzerland, until the limit of Level
1.20 seems to be not vulnerable. In addition, it can be supported by other
tools available to the SNB (such as control of movements of capital or tax). pressure
from the market rate on Bank of Switzerland also means that the initiation of
cycle of interest rate increases Bank of Switzerland in the near future is unlikely to
no way.
  • #7,940
  • Jun 15, 2012 3:21pm Jun 15, 2012 3:21pm
translated from the Polish business newspaper
1 trader viewing now