Category Archive: 1) SNB and CHF

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EUR/CHF, A History, Market Betting on Floor Hike: November 2011

2011-11-30

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2011-11-30

eurchf
Rumour Of A Softer KOF Swiss Leading Indicator… Expected  0.63 vs previous 0.80, but the number now being touted is 0.35 EUR/CHF is getting a leg up on this around 1.2283 now from  1.2260 earlier By Pete Jackson  || November 30, 2011 at 10:21 GMT Large Corporate Bids In EUR/CHF…. At 1.2250  I’m told  it relates to … Continue reading...

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EUR/CHF Markets Betting on Floor Hike: October 2011

2011-10-31

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2011-10-31

  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 »

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EUR/CHF: A History of Interventions: September 2011: The Floor Introduction

2011-09-30

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2011-09-30

eurchf daily sept6
SNB Spotted In The Cross Today… Traders say the SNB was seen on the bid in lumpy size on the quick slide toward 1.2120 shortly after the open of US equity cash markets at 13:30. We’ve quickly bounced to 1.2170. By Jamie Coleman  || September 30, 2011 at 14:20 GMT Category: All, Americas, Mkt Talk, Regions || Tags: EUR/CHF || 0 comments || Add …

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Expectations: Jedi monetary policy

2011-09-08

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2011-09-08

Monetary policy
On Tuesday, the Swiss National Bank (SNB) adopted a bold policy of pledging to sell Swiss Francs in an unlimited amount to ensure that the exchange rate viz-a-viz the euro is at least 1.2 Swiss Francs per euro. The exchange rate promptly jumped over 8 percent to a bit more than 1.2 Swiss Francs per euro. The SNB can clearly weaken its currency in this way, so long as its commitment is unwavering.

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Exchange-rate targets: Francly wrong

2011-09-08

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2011-09-08

Swiss frank per euro
WHEN the going gets tough, the tough buy Swiss francs. That was true in the 1970s, when the Swiss were forced to impose negative interest rates on foreign depositors. And it has been true in recent years, with Switzerland's currency rising by 43% against the euro between the start of 2010 and mid-August this year.

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Currency interventions: Francs for nothing

2011-09-08

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2011-09-08

Swissie fit
CENTRAL banks have historically been regarded as the guardians of a currency's value, but occasionally they want to drive their exchange rates down. Rarely have they acted as aggressively as the Swiss National Bank (SNB) did on September 6th.

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EUR/CHF: A History of Interventions: August 2011: the Top

2011-08-31

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2011-08-31

8-16 gbp
  EUR/CHF Kicked Lower Again Hitting a new low this week of  1.1545 and is  down over 300 pips on the day. The moved largely initiated by a major swiss name earlier apparently in conjunction with a hedge fund. Comments from the Swiss Econ Min over the last hour hardly helping matters, after the govt aid package … Continue reading »

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EUR/CHF: One Year of Free Market (07/2010-07/2011): July 2011

2011-07-31

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2011-07-31

ForexLive Asian Market Open EUR/USD is trading around 1.4390 and USD/JPY is at 77.20 as the market awaits the latest developments out of Washington. Risk pairs like EUR/JPY and EUR/CHF are likely to be whippy this morning as the headlines hit the newswires. Good luck out there. By Sean Lee  || July 31, 2011 at 20:49 … Continue reading »

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EUR/CHF: One Year of Free Market (07/2010-07/2011): June 2011

2011-06-30

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2011-06-30

6-14 eurchf
Specs Scrambling For Cover In EUR/CHF The Armageddon trade is being taken off in dramatic size in thin-month-end markets, driving EUR/CHF above 1.2200. USD/CHF is nearing resistance at 0.8440. Traders not talk of significant interest from real money accounts to buy both USD/CHF and USD/JPY at the fixing at 15:00 GMT. The danger now is … Continue reading »

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EUR/CHF: One Year of Free Market (07/2010-07/2011): May 2011

2011-05-31

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2011-05-31

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 »

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Swiss Franc at record highs (May 2011)

2011-05-27

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2011-05-27

swiss franc versus cross currencies 2010-2011 chfusd chfjpy chfeur
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 »

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EUR/CHF: One Year of Free Market (07/2010-07/2011): April 2011

2011-04-30

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2011-04-30

eurchf daily
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 …

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EUR/CHF: One Year of Free Market (07/2010-07/2011): March 2011

2011-03-31

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2011-03-31

3-18 eurchf
March 2011 Swiss KOF Leading Growth Indicator 2.24 In March Up from revised 2.19 in February (initial 2.18.) Stronger than median forecast of 2.15. Bit of a surprise.  EUR/CHF lower, presently at 1.2978. By Gerry Davies  || March 30, 2011 at 09:39 GMT EUR/USD: Look To The Crosses For Guidance EUR/JPY has made a significant move … Continue reading...

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EUR/CHF: One Year of Free Market (07/2010-07/2011): February 2011

2011-02-28

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2011-02-28

2-2 eur
February 2011 EUR/USD Outlook EUR/CHF looks like its forming important technical support at 1.2700 and should go higher. EUR/GBP and EUR/JPY are best described as choppy but the EUR/AUD is also exhibiting some ‘basing’ tendencies. With the USD in sell mode, the path of least resistance for EUR/USD would seem to be up. It will not … Continue reading...

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Has the Swiss Franc Reached its Limit? (February 2011)

2011-02-06

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2011-02-06

chf-usd 1 year chart 2010-2011
Feb. 6th 2011 Extracts from the history of the Swiss franc (February 2011) The second half of 2010 witnessed a 20% rise in the Swiss Franc (against the US Dollar), which experienced an upswing more closely associated with equities than with currencies. It has managed to entrench itself well above parity with the Dollar, and …

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EUR/CHF: One Year of Free Market (07/2010-07/2011): January 2011

2011-01-31

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2011-01-31

ForexLive Asian Market Open: Risk Aversion To The Fore Fears of an escalation of the troubles in Egypt and a possible spread throughout the region have led to some risk aversion in early interbank trade. EUR/JPY is trading at 111.40 after closing at 111.75 on Friday night, USD/JPY is trading just below 82.00, and EUR/CHF … Continue reading »

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EUR/CHF: One Year of Free Market (07/2010-07/2011): December 2010

2010-12-31

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2010-12-31

Hildebrand Unable To Unload ‘Burden’ Of Record Franc As GDP Seen Slowing Bloomberg article. EUR/CHF down at 1.2595 from early 1.2635. Just reading UBS forex strategists say they are bearish the cross, focusing on 1.2439 ahead of 1.2283.  They see resistance at 1.2714. They also forecast a fall in USD/CHF.  See break through support at … Continue reading...

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Swiss Franc Surges to Record High (December 2010)

2010-12-29

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2010-12-29

usd chf 2 year chart
Dec. 29th 2010  Extracts from the history of the Swiss franc (December 2010)   In the last two weeks, the Swiss Franc rose to record highs against not one, not two, but three major currencies: the US Dollar, Euro, and British Pound. The Franc is now entrenched well above parity against the Dollar, and is … Continue...

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EUR/CHF: One Year of Free Market (07/2010-07/2011): November 2010

2010-11-30

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2010-11-30

EUR/CHF Continues Lower Presently down at 1.3055 from early 1.3090, having been as low as 1.3037 so far. Earlier I was reading comments made by UBS economist Huenerwadel, who said “At least from a fundamental point of view and aware of the increased long CHF positioning, very little speaks in favour of a materially higher EUR/CHF … Continue reading...

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