EUR/CHF

Your stupidity have no ending!!!!!

In your understanding, a trader that accuse the SNB, blaming LP's and brokers for bad service resulting in customers accounts in negative must be bankrupted dying from less food and shelter!!!!

A Trader can't ask for everyone taking responsibility of decisions and in front the central banks brokers and LP's ruining the business with manipulation without being punished.

There's no breadcrumb, that's price action. The BC didn't help many banks like saxo deutshe citi and others from suffering heavy losses in hundreds of millions.

When you know about a specific bank that knows how market moves, buying and selling successfully for 100% or more profits per year, inform us to make a deal with one of its dealing department employees.

Good for you seeing the BC. Post your live trades for proof of your brilliancy!!!!!

Wheeeeeeeeeeeee!

were did J Clinton go?

Heard rumours that the Swiss finance minister & some discussions on a new peg to be 'considered'.

Any updates or news on this?

Refuted: http://www.forexfactory.com/news.php?do=news&id=529423

Nobody reading or hearing the idiot jordan who lost credibility with his mafia bank

This is why Swiss National Bank lost credibility forever and the only reason for why EurChf Bulls(were 2 months ago) accuse SNB for removing the cap:

Read this in an article:

Currency ceilings and floors rarely last for long periods, but this was a shock. When the central bank took its interest rates into negative territory last month, the central bank claimed it would defend the currency peg with the “utmost determination”.
The move seems contradictory. In the SNB's last quarterly report - published in December - the central bank insisted that maintaining the ceiling was essential to stave off deflation.
Little appears to have changed since since to justify the peg's removal. If anything, the decline in the value of oil, and a worsening inflation outlook in the eurozone have made the risk of Swiss deflation more of a threat.
Now the sharp appreciation of the franc makes deflation even more likely as it will lower import prices, making goods become more affordable.

Swiss Parliament and government members are requesting to have more authority over the Swiss Rookie National Bank decisions.

Swiss Finance Minister was told about Cap removal 30 minutes before the announcement. WTF

How can Swiss National Bank decisions be taken by only 3 members who turned to be newbies. WTF

Bank of England have 9 members taking decisions for UK Monetary policy, the 3 rookie members of the Swiss NB not just took a critical decision of cap removal for Swiss MP, SNB created turmoil in all markets in such newbie decision that also contradicts all what it had been emphasizing on from the rookie Danthine 2 days prior to the announcement to the other 2 SNB rookies taking just announced its defending of cap in December meeting as the article above explains.

SNB rookie decision was proven on friday in its Foreign Currency Reserves number at 509.3B, only 10 B more than previous month. WTF

What were the newbie SNB members afraid of???

Bank of Denmark announced it is ready to defend its currency for up to 1.5 Trillion in Foreign Currency Reserves to keep the EurDkk capped.

That's 3 times what the SNB had been implementing from its birth!

More SNB newbie decision realities was removing the cap and announcing -0.75 interest rate WTF

1 week to ECB decision, couldn't Swiss Mafia Bank test the market with the -0.75, Eurchf was going to fly to least 1.21 like it had did with the -0.25 decision 1 month before that date. If the pair crawled down to 1.20, take the decision to remove the cap during ECB day.

The worst manipulation of the market SNB had done after the cap removal was Usdchf from 0.85 to 0.98 in a month and a half, eurchf nowhere, very overvalued on 1.06 vs eur. What an idiot Swiss NB!

Next Month release of Foreign Currency Reserves will show how much SNB rookies manipulated the market after the cap removal than before. WTF SNB!

true

Entered long this morning. Increased the size of the position in the afternoon.

Entry signal long, in accordance with long divergence (Picture below).

http://i.imgur.com/cEF76ym.jpg

Short term target in picture below


http://i.imgur.com/2EjzCQk.jpg

Might consider to hold parts of the positon for longer term.

http://i.imgur.com/wimwJyT.jpg

The pair has established itself above the EMA21 line and now support at 1.06250.

The falling trendline now at 1.06800 and relatively weak resistance at 1.07000 are the next levels to be tested if the pair is to move higher.

If broken 1.08000 are the next resistance, it is unbroken since the SNB decision.

Lots of fundamentals for the EUR released today.

This could move the pair higher.

I am holding the long position and might even increase it if things are looking good.

http://i.imgur.com/u8FaiKa.jpg

Decent numbers for the EUR. Still I have short entry for the pair. Closed longs opened short.

http://i.imgur.com/zcpUvw7.jpg

OK, the informal rumor of a soft peg 1.05-1.10, rumors that may be true.
If we can't trust the 'utmost determination', we cannot trust a rumor, we also cannot trust a rumor being a rumor.....

Anyway saw this this happening on 13 Mar......, posted it late.

I bet SNB will not mention anything about any peg tomorrow, but will just 'try' to defend CHF from being too strong.
After SNB, we'll wait for a week or a month to see this pair test 1.05.

chf strength is hurting swiss economy through weak exports and strong imports. that s only the snb's problem as they decided to let the chf appreciate by 20% in 30 minutes (steepest rally of any g7 ccy). following the removal of the chf cap, we saw that eurchf can be at 1.20, 0.85 or 1.05, its only a random number and not real value- snb say they want it higher than 1.10 without imposing a floor or peg. this central bank cannot be trusted (snb is ruled by incompetent & immoral liars) and macro participant will continue to fight snb s manipulation until they decide to push this cross higher (obviously the more snb will try to manipulate the market and talk of chf overvaluation, the more retail clients might feel safer shorting chf, the harder macros will fight them). It is not 0.75 negative rate that will slow them down.

it would be an easily defensible super credible line in the sand. go go SNB for a new cap nobody ever would challenge that!

How you doing pipxster ?

Be prepared this time the SNB will intervene again.The ceiling will be between 1.30 to 1.35 (CHF to EUR)


Forecasts show that negative inflation is temporary
SNB will intervene "as necessary in order to influence monetary conditions"
Swiss franc significantly overvalued
Doesn't expect 'sustained negative inflation'
Confident economy can cope with strong franc
Comments from SNB alternate governing board member Moser:
Expect the franc will weaken significantly over time

SNB a proven MAFIA BANK can do nothing, lost credibility forever.

Anyone remembers my one month ago post that SNB will prove me right again that it's run by idiots bcoz the Foreign Currency Reserves number will come out bigger than the before floor removal numbers.

Here we are today with 522.3 B from 495 B in January, and an increase of 13 B from last month.

The 3 idiot members of Swiss Mafia Bank continuing the intervention stupidly!, instead of doing it on 1.20 and keeping the floor!
EurChf 1.04 from 1.20, at least when SNB was intervening on 1.20 Franc was undervalued than today, although Franc very overvalued from 1.20, now it's super overvalued! and SNB has no chance after floor removal but to run its mouth of ready to act in market, as if anyone will care of SNB words anymore.

I believe SNB like the very ill patient- dying the definite outcome, living on doctors postponing death time with injections!

SNB before floor removal had the power and control to manage EurChf and Franc in general, after floor removal SNB = USELESS waiting for market help to limit losses and stabilize currency price even if it will mean on 1.0-1.05!!!!!!!!!!!!!

With eurchf dropping back to multi weeks lows, it should be fair to say that T Jordan has miserably failed to protect the swiss economy, wil surely be remembered as the worst central banker of any developped country...

This might be a long shot on this thread....so may try to find a more suitable one to ask the same question.

Does anyone have any saved data from their MT4 platforms from the various brokers in EURCHF and USDCHF on that special day when they pulled the rug on the 1.20 EURCHF cap?

A better question would be: Had anyone saved a 1 second or minute chart from any broker platform?

If there are many who had done that, we have different brokers data.

There's a 1 second chart for EurChf saved from EBS that show liquidity on most prices, neglecting the rumor/lie by bad brokers that said no liquidity during SNB floor withdraw!