CHF movement in response to gold vote? | Forex Factory

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CHF movement in response to gold vote?

  • #1
  • First Post: Nov 24, 2014 12:46pm Nov 24, 2014 12:46pm
I can't seem to make up my mind about the direction of the EUR/CHF OR USD/CHF in relation to Swiss' Sunday gold vote.
Will the Chf gain in value against other currencies if the Swiss vote YES due to the currency becoming more gold backed? or would it also go up if the Swiss vote NO because the bankers are allowed to continue to manipulate the currency and the export division is strengthened?

Just seeing if anyone had any ideas
  • #2
  • Nov 24, 2014 1:17pm Nov 24, 2014 1:17pm
Quoting EmptyEterniT
I can't seem to make up my mind about the direction of the EUR/CHF OR USD/CHF in relation to Swiss' Sunday gold vote. Will the Chf gain in value against other currencies if the Swiss vote YES due to the currency becoming more gold backed? or would it also go up if the Swiss vote NO because the bankers are allowed to continue to manipulate the currency and the export division is strengthened? Just seeing if anyone had any ideas

So the main thing what happens is a kind of volatility .
The market becomes tradable ..
The time when retail traders come to this pair back -.-. and place their stop orders ..
..time for the sharks to take their stops ..
In the end I´m sure the CHF will be in a couple of years with the Euro around 1:1 .
But on the way to 1:1 EChf will be an up and down .. ...
So in fact it means :
If you have a strategy that works in other moving pairs , it will work in ECHf , too.
If you start gambling / I call it betting .. I´m sure you´ll lose the margin and may be more .
But I cannot imagine the goldprice willl go up in that reason !
China and Russia buys since years all Gold of the market .. and the prices are falling .
Guido
Risiko birgt immer auch die Chance.
  • #3
  • Nov 29, 2014 11:12pm Nov 29, 2014 11:12pm
dispit japan election starting next month and related gold trades i can see CHF falling down
Let me fill my acount wallet then will take Ur advice
  • #4
  • Nov 30, 2014 3:53am Nov 30, 2014 3:53am
Can you tell me if thy reject the. Chf.jpy will fall down?
  • #5
  • Last Post: Nov 30, 2014 4:42am Nov 30, 2014 4:42am
Quoting afhm
Can you tell me if thy reject the. Chf.jpy will fall down?
as quick answer? alright its gonna be 1.22 to 1.27 race at then chf going stronger no matter this voting is also jpy going so wek due to ellction and upper hands weaken basic currency
Let me fill my acount wallet then will take Ur advice
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