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EUR/CHF

  • #9,741
  • Sep 13, 2012 2:37am Sep 13, 2012 2:37am
Quoting alaneth
Wild fluctuations now...

What to do now?
Close Long?
New Long?
New Short?

I'll remain long with small lots , I'll buy more if it goes down...
Seems like SNB released same kind of words as before... but it's enough for me
  • #9,742
  • Sep 13, 2012 2:39am Sep 13, 2012 2:39am
so far so good. PA id say is positive and as of right now im looking for more gains from here(1.21)). See where we are in an hour.
  • #9,743
  • Sep 13, 2012 2:40am Sep 13, 2012 2:40am
I would say it's a positive sign that prize seems to be stable around 1,21...If this doesn't change within the next hours I think it becomes more and more unlikely to revisit 1,2010
  • #9,744
  • Sep 13, 2012 4:12am Sep 13, 2012 4:12am
Alright, so almost all major risk events of this month have passed and we are at 1.21. Any thoughts on how the FED-meeting this eveing (potential QE3) might affect EUR/CHF? If QE3 comes, it will porbably give EUR/USD another boost, but I am not sure about EUR/CHF, since lots of investors will run from the USD not only to EUR but also to CHF. Depending on the ratio between both moves, EUR/CHF might even go down. Any thoughts?
  • #9,745
  • Sep 13, 2012 5:11am Sep 13, 2012 5:11am
QE3 is a clear bearish impulse to EURCHF, imo
  • #9,746
  • Sep 13, 2012 5:36am Sep 13, 2012 5:36am
0944 GMT [Dow Jones] Credit Suisse says SNB floor to remain for extended period, and at least until economic conditions in the euro zone improve significantly. "Even though the ECB has taken decisive steps towards stabilizing the euro zone, removing the floor could still lead to a strong appreciation of the franc, with severe repercussions on the Swiss economy," says economist Maxime Botteron. "Given the weak outlook for growth at least until year-end, lowering the floor from the current level also seems unlikely," he adds
  • #9,747
  • Edited 6:40am Sep 13, 2012 6:18am | Edited 6:40am
monday will be "utmost" interesting...we'll see if snb has supported the upmove.
I think now it can be conluded that they finished offloading their deposits at least for a while,
can it be considered as a kind of "stimulus"...?
  • #9,748
  • Sep 13, 2012 8:54am Sep 13, 2012 8:54am
QE3 will have little impact....actually..i might be the only one who does not think we will get a QE3..maybe something more symbolic .... FED as I can see it has done all they can. Regardless of which way it goes..i dont see much impact on eur/chf.
  • #9,749
  • Sep 13, 2012 8:57am Sep 13, 2012 8:57am
PA on eur/chf is telling me it wants to go higher..and it might be a slow crawl higher..watch for higher lows and higher highs on your fav chart time frames...

Where we close at the end of this week should be a good tell.
  • #9,750
  • Sep 13, 2012 11:08am Sep 13, 2012 11:08am
SNB foresees an end of deflation soon, but no risk of significant inflation:
http://www.businessweek.com/news/201...ain-defense#p1

However PPI m/m expectations of -0.2% were proven completely wrong, since the actual value is +0.5%.

So like it or not, deflation pressures are easing and inflation will return, you may see it nicely here:
http://www.inflation.eu/inflation-ra...land-2012.aspx
  • #9,751
  • Sep 13, 2012 3:35pm Sep 13, 2012 3:35pm
Food for thought - read the article and the comment by the author which the following link points to:

http://snbchf.com/2012/09/it-is-so-w.../#comment-1382
  • #9,752
  • Sep 13, 2012 6:15pm Sep 13, 2012 6:15pm
enjoying 10 lot i buy at 1.20100 and sell it at 1.2155...
  • #9,753
  • Sep 14, 2012 12:28am Sep 14, 2012 12:28am
Quoting namesnaw
enjoying 10 lot i buy at 1.20100 and sell it at 1.2155...

Good news makes up for the times you got stopped by your broker.

qatar I know your a bear but are you changing your mind on the floor break and back to 1.20100 in 70 hours which must be up by now?
  • #9,754
  • Sep 14, 2012 12:29am Sep 14, 2012 12:29am
A close over 1.2160 on the weekly will be important....1.2350ish is my next target. PA is as expected on the 4 hr..it will be a slow move upward...seen this with the usd/jpy a few times. SO far so good....if i were to hazard a guess..and depending on how this pair reacts to certain news..we could keep going up slowly for a few weeks until 1.24/1.25 is reached....will be interesting to see this pairs behavior over the coming days....could be telling as to where the momentum is really coming from.....
  • #9,755
  • Sep 14, 2012 12:47am Sep 14, 2012 12:47am
At the moment it really looks unlikely that we will fall back to 1,2010 again...
  • #9,756
  • Sep 14, 2012 1:53am Sep 14, 2012 1:53am
Eurchf rise now is a trail of strong EUR buying and feel good sentiment of the EZ. This won't last. Eurusd at 1.3 with massive eur purchase also affects some chf selloff.
But the high will turn someday, 1week?, 1month? Who knows? Most of us have TP & close many positions & waiting to reload right?
Question is where & when?
  • #9,757
  • Sep 14, 2012 3:01am Sep 14, 2012 3:01am
Quoting alaneth
Eurchf rise now is a trail of strong EUR buying and feel good sentiment of the EZ. This won't last. Eurusd at 1.3 with massive eur purchase also affects some chf selloff.
But the high will turn someday, 1week?, 1month? Who knows? Most of us have TP & close many positions & waiting to reload right?
Question is where & when?
i'm somehow confused about price action... i'm still long, but i still can't believe recent rise in EURCHF.

I'm wondering about mondays sight deposits figures. If there was no buying, EURCHF will rise even faster...

Who tf is buying?
  • #9,758
  • Sep 14, 2012 5:56am Sep 14, 2012 5:56am
wish i haven't close my remaining position when snb maintain 1.2 floor yesterday.
hopefully i have another chance to reload
  • #9,759
  • Sep 14, 2012 6:23am Sep 14, 2012 6:23am
Remember folks, Jim Oneill of Goldman has told us months ago that by the end of the year this pair will be between 1,3-1,4
  • #9,760
  • Sep 14, 2012 6:30am Sep 14, 2012 6:30am
Yes, right.

Anyway It won't looks attractive to me if it don't goes back to 1.2010, time to move to other pairs.


Quoting pipxster
Remember folks, Jim Oneill of Goldman has told us months ago that by the end of the year this pair will be between 1,3-1,4
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