just a hint options are quite cheap just bought a put for 10 pips with strike 1,204 (!) expiry friday afternoon. just in case if we go back...
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2030 is your BE? I think that's defended.. thats where that dude went short hoping to get in on the stop hunt but I told him its going the opposite way. So If he's still in chances are it will be defended may be the bottom. I would look to long there with tight SL
2030 is your BE? I think that's defended.. thats where that dude went short hoping to get in on the stop hunt but I told him its going the opposite way. So If he's still in chances are it will be defended may be the bottom. I would look to long there with tight SL
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I completely agree, its just an insurance for some part of the positions against the triple event risk of the week (FED,SNB,Germany)
It is a good chance to buy an option for a slide (or sudden drop/spike) back towards 1.2010 levels or below 1.2050 after SNB, provided SNB don't make surprises. I bet they won't and it will fall.
It is a good chance to buy an option for a slide (or sudden drop/spike) back towards 1.2010 levels or below 1.2050 after SNB, provided SNB don't make surprises. I bet they won't and it will fall.
So I will buy some small options on this.
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we'll see tomorrow... i think we'll see 1.215 by tomorrow...
GMT TIME:
2012.09.12 09:09:18EURO DOWN JUST BEFORE GERMAN COURT RULING
2012.09.12 09:15:18EURO UP AFTER GERMAN CONSTITUTIONAL COURT VERDICT
2012.09.12 09:15:18GERMAN CONSTITUTIONAL COURT - - - REJECTS COMPLAINTS AGAINST ESM/FISCAL PACT AS LARGELY UNFOUNDED
2012.09.12 09:16:18COURT - - GERMANY "MUST ENSURE " GERMAN LIABILITY TO ESM DOES "NOT EXCEED 190 BLN EUROS" WITHOUT APPROVAL OF LOWER HOUSE OF PARLIAMENT
This is why we have such a big volatility in EUR/CHF and EUR/USD today
dear traders I have to leave this post to correct my layer ones
my expectation was 1.25 today after court decision but since it didn happen I don expect much from Jordan tomorrow and I think after market disappointment tomorrow the rate will go back to floor and stays there but with no removal of the peg.
dear traders I have to leave this post to correct my layer ones
my expectation was 1.25 today after court decision but since it didn happen I don expect much from Jordan tomorrow and I think after market disappointment tomorrow the rate will go back to floor and stays there but with no removal of the peg.
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1.25 not so sure about that but a bit of a worry it didn't even make 1.21500
1.25 not so sure about that but a bit of a worry it didn't even make 1.21500
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Just before the peg on 05.09.2011:
EUR/CHF 1.11
EUR/USD 1.41
Now EUR/USD 1.29, i.e. EUR got weaker compared to 05.09.2011. Why would you expect EUR/CHF at 1.21 or 1.25? Rather without SNB interventions it would be around parity (1.11*1.21/1.41). So still some way to go for EUR/USD before EUR/CHF can go up.
The only effect of the EZ easing is that SNB at the moment needs less money to defend the floor.
