Category Archive: 1.) CHF
EUR/CHF, A History of Interventions: What markets say, June 2012
SNB In A Bind With Euro Holdings Today’s reserve data showed skyrocketing reserves at the Swiss National Bank as they defend the EUR/CHF floor. Reserves were at 365B francs at the end of Q2 compared to 245B at the end of March, with all the growth coming in the final two months of the quarter … Continue reading »
Read More »
Read More »
Steen Jakobsen, Chief Economist Saxo Bank is buying in our arguments
Steen Jakobsen sees 25% percent chance that the floor breaks and if it does it breaks to parity. Last week Thomas Jordan removed any hopes on a hike of the EUR/CHF and invited smart money and hedge funds to a no-risk, high return game on the Swiss franc, which these gratefully accepted. After Morgan Stanley …
Read More »
Read More »
EUR/CHF, A History, Market Betting on Floor: March 2012
Nomura Touts EUR/CHF Longs Strategists there advise going long around the current levels, they say the floor will not break. They target 1.24. I have to agree. To me, it’s a question of buying low or buying a bit lower. By Adam Button || March 30, 2012 at 14:50 GMT EUR/CHF Touches One-Month Low Bounced off … Continue reading »
Read More »
Read More »
Written in February 2012: Will the EUR/CHF never rise over 1.22 or 1.23 again?
Our analysis from February 2012 shows astonishing accurateness: It predicted that the euro would not rise against CHF and that the commodity currencies were overvalued and subject to correction.
Basic foreign exchange theory, the SNB price stability mandate and strong fundamentals for Switzerland and bad ones for the peripheral countries of the euro zone speak for the thesis that the EUR/CHF exchange rate might never go over the level of around...
Read More »
Read More »
EUR/CHF, A History, Market Betting on Floor Hike: February 2012
EUR/CHF Busy Doing Jack; Jordan Gobbing Off Later EUR/CHF sits at 1.2048, some 7 pips easier from when I started out. Barrier option interest sits at 1.2025 and ofcourse 1.2000. SNB interim head honcho Jordan speaks later this evening (18:30 GMT) in Zurich. Might be giving instructions on how to make his favourite alpine muesli … Continue reading...
Read More »
Read More »
EUR/CHF, Market betting on Floor Hike, December 2011
Four Trades For 2012: #2 Sell The Swiss Franc I bought EUR/CHF shortly after the 1.20 peg was introduced and have held it ever since. My only regret has not been trading the range more aggressively. At this point everyone has an opinion of the SNB so I won’t try to convince the bears. Personally, … Continue reading »
Read More »
Read More »
EUR/CHF Markets Betting on Floor Hike: October 2011
October 2011 Looks Like Market Exercising The Free EUR Put The SNB Bought For It EUR/CHF has been under pressure for the the last two weeks despite Herculean efforts by the EU/IMF to bailout the euro zone. It looks as if the market is taking up the SNB on its offer the buy unlimited … Continue reading »
Read More »
Read More »
EUR/CHF: One Year of Free Market (07/2010-07/2011): May 2011
May 2011 ForexLive Asian Market Open: Analysis With Fries Just brilliant Jamie Australian GDP this morning and the market is now gearing itself for a poor number after yesterday’s data and weekend comments from the Treasurer. China is selling rallies in AUD/USD and Middle East Sovereigns are buying big dips; sounds like a recipe for medium … Continue reading »
Read More »
Read More »
Swiss Franc at record highs (May 2011)
May. 27th 2011 Extracts from the history of the Swiss franc (May 2011) This month, the Swiss Franc touched a record high against not one, but two currencies: the US dollar and the Euro. Having risen by more than 30% against the former and 20% against the latter, the franc might just be the world’s … Continue reading »
Read More »
Read More »
EUR/CHF: One Year of Free Market (07/2010-07/2011): April 2011
Quick Look At The Order Board EUR/USD: At least two sizeable barriers at 1.4550; light stops immediately above 1.4555; decent-sized offers near 1.4600 AUD/USD: Decent-sized bids from option players 1.0610/20 USD/JPY: Solid bids 82.00, 81.80, 81.50. Offers still solid 83.10, 83.30 and somewhat larger near 83.50. EUR/GBP: Heavy stops above .8950 EUR/CHF: Moderate buying interest near …
Read More »
Read More »