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EUR/CHF

  • #8,581
  • Jul 15, 2012 2:35pm Jul 15, 2012 2:35pm
Quoting brinks
That's the first place I would be looking on negative rate news,it popped up 70 pips on rumour alone.
But when will SNB say the new about negative rate? In September?


Neither thomas jordan or another member of the SNB have not said anything after the ECB cuts interest rates
  • #8,582
  • Jul 15, 2012 2:55pm Jul 15, 2012 2:55pm
when?? what u guys are talkin bout.I dont see no 70 pip move yet
Quoting holmes
But the rumor moved the pair for 70 pips, and negative ratre can have short term and long term effect as well.
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #8,583
  • Jul 15, 2012 2:57pm Jul 15, 2012 2:57pm
Quoting eqshack
when?? what u guys are talkin bout.I dont see no 70 pip move yet
A while back rumours of negative rates made it spike up 70 pips in a hour or so.
  • #8,584
  • Jul 15, 2012 3:01pm Jul 15, 2012 3:01pm
http://mediaserver.fxstreet.com/Repo...0713091531.gif
  • #8,585
  • Jul 15, 2012 3:19pm Jul 15, 2012 3:19pm
oh that i know..its old thang

Quoting alesss
http://mediaserver.fxstreet.com/Repo...0713091531.gif
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #8,586
  • Jul 15, 2012 3:58pm Jul 15, 2012 3:58pm
Quoting eqshack
oh that i know..its old thang

is the franc pegged to the eur right now or what? I dont trade this pair
  • #8,587
  • Jul 15, 2012 5:16pm Jul 15, 2012 5:16pm
Quoting th3Mountain
is the franc pegged to the eur right now or what? I dont trade this pair
Yes EUR/CHF is peged on 1.2000. SNB is doing their best to hold this peg and it looks like it will be holded for a few years more
  • #8,588
  • Jul 15, 2012 5:20pm Jul 15, 2012 5:20pm
Quoting forexchecker
Yes EUR/CHF is peged on 1.2000. SNB is doing their best to hold this peg and it looks like it will be holded for a few years more

interesting, thanks!
  • #8,589
  • Jul 15, 2012 5:46pm Jul 15, 2012 5:46pm
Quoting forexchecker
Yes EUR/CHF is peged on 1.2000. SNB is doing their best to hold this peg and it looks like it will be holded for a few years more
IT depends. Hedge Funds don't believe in SNB and retailers have total faith in some words. How long will the peg hold? 1 year? 6 months? 1 month? The reality is that it won't hold forever
  • #8,590
  • Jul 15, 2012 10:50pm Jul 15, 2012 10:50pm
You guys make lots of money trading EC?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #8,591
  • Jul 15, 2012 11:33pm Jul 15, 2012 11:33pm
anyone know low spread broke for ec , my plan limit sell on high and buy on low , when it popup and jump got the fish.
  • #8,592
  • Jul 16, 2012 2:36am Jul 16, 2012 2:36am
Last week only 3bln francs has been printed. The week before it was 6bln. Good decrease from the weekly 15bln...
  • #8,593
  • Jul 16, 2012 3:31am Jul 16, 2012 3:31am
Quoting pipxster
Last week only 3bln francs has been printed. The week before it was 6bln. Good decrease from the weekly 15bln...

yes,this is a signaficant decrease! I wonder how those hedge funds would do with their existing short positions if the inflow turned into outflow?

they will probably piss their pants off
  • #8,594
  • Jul 16, 2012 3:37am Jul 16, 2012 3:37am
september 12 German high court decide on ESM, if passed, those hedge funds will not just piss, but poop their pants off
  • #8,595
  • Jul 16, 2012 3:44am Jul 16, 2012 3:44am
you guys still trading this pair !


I think we will probably see 1500 pips movement in the next hour
  • #8,596
  • Jul 16, 2012 4:26am Jul 16, 2012 4:26am
Quoting tim10167
september 12 German high court decide on ESM, if passed, those hedge funds will not just piss, but poop their pants off
.... 2 days after that, the next SNB Monetary Policy meeting.

Looking for a huge spike there, if ESM is approved.
  • #8,597
  • Jul 16, 2012 4:42am Jul 16, 2012 4:42am
Quoting alaneth
.... 2 days after that, the next SNB Monetary Policy meeting.

Looking for a huge spike there, if ESM is approved.
Yes exciting!, there is a signaficant change in the market's mood recently, people are not as worried about EU,(as more people thinks northern EU countries are welling to pay eventually). People now are more worried about a global and China slow down. If things turn around and outflow begins and if the momentum gathers into september.....looking forward.....
  • #8,598
  • Jul 16, 2012 5:15am Jul 16, 2012 5:15am
0831 GMT [Dow Jones] Sight deposits signal muted SNB activity says Swissquote on the currency market with the latest weekly data showing only a CHF3.9 billion increase from July 6 to CHF320.8 billion on Friday. "While this number suggests that Swiss central bank FX interventions geared towards sustaining the minimum EUR/CHF exchange rate continued, the rate of FX accumulation has slowed, with prior readings generally been in double-digit increases," says currency analyst Peter Rosenstreich. "It seems like aggressive USD/CHF buying offset EUR/CHF selling, allowing the SNB to sit back and let the market do much of the heavy lifting," he notes. EUR/CHF at 1.2005 and USD/EUR at 0.9819. ([email protected])
  • #8,599
  • Jul 16, 2012 5:17am Jul 16, 2012 5:17am
0839 GMT [Dow Jones] CHF is not a sensible hold, says Lloyds, as the SNB has no intention of giving up the 1.20 floor, and of late CHF has suffered along with EUR. Says it's likely only a matter of time before CHF buyers realize it's not a sensible haven for EUR bears. EUR/CHF risk-reward now looks more obviously biased to the topside than risk-reward elsewhere. EUR/CHF now at 1.2011. ([email protected])
  • #8,600
  • Jul 16, 2012 9:06am Jul 16, 2012 9:06am
With all this bias of EURCHF moving up slowly, but don't know to what level, I think most of us will at one point start to close our longs. The EU crisis is more subdued now, yes b'cos of ESM & people are looking at a global crisis. SNB also slowing down their EUR purchases.

But then, at what point? We don't know - problem is it may be too early to close longs. Say if a gradual movement happens over 1month till 1.2100, are we comfortable closing there? What if it goes up another 100 pips? What then if SNB takes opportunity to dispose their EURs? = another plunge...

We will have to wait & see...
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