Disliked{quote} Dude, understand that our problem with the swiss mafia bank is not removing the peg off guard but why assure it many times...repeating...then all the sudden remove it. This is a disgrace. I'm a man of my word, people who do what Swiss NB had done loss credibility and are X for me. "The rate was cut as a feeble attempt to prevent piling into the franc" In what did this matter? As if didn't exist, eurchf reached 0.83-0.85 for some brokers same day and 0.96 for all a day later. Do you even doubt that both decisions were very amateur?!Ignored
I don't necessarily think it's amateur because I don't think it's owed to the markets. I was surprised at the size of the move. The price action will digest the news, and pair likely will be stable again.
Personally, I think the SNB planned to catch the market off guard. EURCHF has been a one way market for a while. Francs can now buy a lot more "things"
Bare this in mind, the CHF was held artificially low for three years. It took the:
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When the facts change I change my mind, what do you do sir