EUR/CHF

Quoting Mevo

Disliked

The nearest future contract (march 2015) is trading exactly at 1.20000 right now, it's scary. It used to trade around 1.2006 the past days, now, bid/ask is 1.2000 / 1.2001 with transactions at 1.2000 ! I opened a few longs at 1.2005 thinking... I don't even know what I was thinking !!! I guess I'm gonna close them with a small loss. With Oil, Russia and Venezuela, I have enough troubles to worry about right now... This thing (among a lot of others) is nuts... EDIT: And in the past (2012), we used to see a HUGE buy order at 1.2000 on the futures...

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Quoting zoran22

Disliked

{quote} it menas that there is positive swap on eurchf, nothin else, it is 8 pips on 3 months, so orders from SNB should be around 1.1992, nothin scary here

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Quoting Mevo

Disliked

{quote} You know what, you're right ! I have been tricked by the increase of almost 5 to 6 pips of this "positive swap" integrated in the future contract. But it was before that it was too small, probably due to the rollover of december to march contracts. And there is indeed a 250 millions iceberg order at 1.1991 ! I just didn't look so low. So the SNB has effectively their floor defending order in place.

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Quoting insider-

Disliked

what the hell happened ?

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Quoting Ken A

Disliked

Yep ...... {image}

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Quoting Ken A

Disliked

Yep ...... {image} {image}

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Quoting Jonh

Disliked

{quote} It was long at least?

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Quoting insider-

Disliked

is it a trend changer ?

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Quoting Ken A

Disliked

{quote} Can't say for sure for how long. If EUR launch QE, this is going back to square one. For that reason I prefer to long USDCHF

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Quoting 21vs7

Disliked

{quote} yeah, too bad eur is poor

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