Category Archive: 1) SNB and CHF

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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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Zerohedge’s Opinion



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

2010-10-31

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2010-10-31

10-12 gbpchf
EUR/CHF Up On Day; Talk Of 1.3700 Option Interest EUR/CHF up at 1.3680 from early 1.3635.  Talk of 1.3700 option interest.  Guess we should expect some defensive selling to kick in then. By Gerry Davies  || October 27, 2010 at 09:11 GMT Cititechs Cut Long EUR/GBP Position As I wrote yesterday, I thought this was a bad … Continue reading »

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Capital controls: The poison cupboard of the SNB

2010-10-14

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2010-10-14

The SNB has already tried a lot to weaken the franc. A (google) translation of a list of capital controls of the Never Mind the Markets blog.   The fear of the economic effects Brake by an overvalued franc increases. Massive interventions by the Swiss National Bank (SNB) with € purchases are now ineffective fizzles. Does it …

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EUR/CHF, a Year of Free Market (07/2010-07/2011): September 2010

2010-09-30

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2010-09-30

Cable Showing Signs Of Tiredness Cable rallied above 1.5900 in the early European rush to sell EUR/GBP but the sharp fall since doesn’t bode well for the short term bulls. I personally have exited most of my long position and will look to reinstate towards 1.5500. GBP/CHF once again halted at the major 1.5360 low … Continue reading »

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Swiss Franc Touches Record High, Nears Parity (September 2010)

2010-09-09

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2010-09-09

chf-usd chart
Sep. 9th 2010  Extracts from the history of the Swiss franc (September 2010)   In the year-to-date, the Swiss Franc has risen 3% against the Dollar, 15% against the Euro, and more than 5% on a trade-weighted basis. It recently touched a record low against the Euro, and is closing in on parity with the …

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EUR/CHF, a Year of Free Market (07/2010-07/2011): August 2010

2010-08-31

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2010-08-31

ForexLive Asian Market Open: CHF, JPY Up; GBP Down EUR/CHF will begin the new month at fresh record lows and this may encourage some of the bigger macro funds to join in the rout, those that aren’t already involved that is. I think it was Paul Tudor-Jones who said that his best trades often came … Continue reading »

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

2010-07-31

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2010-07-31

eurauddaily
EUR/CHF Hit Again EUR/CHF has been hit again, down at 1.3535 from early 1.3580.  Recently there has been talk of the Swiss National Bank selling the cross, something I for one certainly can’t substantiate.  Also yesterday there were rumours of a September rate hike in Switzerland.  All very murky. The EUR/CHF cross selling has helped pressure EUR/USD, which is … Continue reading »

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EUR/CHF: A Year of Free Market, June 2010

2010-06-30

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2010-06-30

eur chf
EUR/CHF Firmer EUR/CHF up at 1.3260 from early 1.3210.  Move comes as Hungary official says government plans loan deal with IMF.  Large German name seen buying the cross. By Gerry Davies  || June 30, 2010 at 06:45 GMT Euro Profit Taking Rebound The euro has found some buying support across the board on profit taking. I … Continue reading »

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SNB Abandons Intervention (June 2010)

2010-06-22

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2010-06-22

swiss snb forex reserves intervention
Jun. 22nd 2010 Extracts from the history of the Swiss Franc (June 2010) The Swiss National Bank (SNB) has apparently admitted (temporary) defeat in its battle to hold down the value of the Franc. ” ‘The SNB has reached its limits and if the market wants to see a franc at 1.35 versus the euro, … Continue reading »

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JP Morgan: Reflections on negative interest rates in Switzerland

chf appreciated despite, snb abopts fx target nominal real
Negative interest rates naturally attract attention given Switzerland’s use of these between 1972-1978.

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EUR/CHF: A History of Interventions, May 2010

2010-05-31

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2010-05-31

ForexLive Asian Market Open: EUR Worries Return The big Sovereign players couldn’t get enough of the EUR when it was at 1.40 and now it looks like they can’t get out quick enough. The BIS has been a regular seller on behalf of other central banks, the SNB are quietly trying to offload what they … Continue reading »

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EUR/CHF: A History of Interventions, April 2010

2010-04-30

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2010-04-30

April 2010   Quick Look At The Order Books AUD/USD: stops below .9135 and again below .9070 USD/JPY: solid bids 92.70, stops below 92.40, heavy semi-official bids expected at 91.50 ( I’m hearing of “massive” stops below 90.50 so if market gets on a roll lower keep this level in mind) EUR/USD: looks like the order … Continue reading »

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EUR/CHF: A History of Interventions, March 2010

2010-03-31

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2010-03-31

, March 2010 Big Barrier Eyed In EUR/CHF Traders report a large barrier option is in play at the 1.4200 level in EUR/CHF. Nothing attracts price action like a big barrier. The owner of the option wants to protect his investment while the bank that sold the option wants to knock it out to erase … Continue reading »

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Swiss Franc Surges to Record High: Where was the SNB? (March 2010)

2010-03-22

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2010-03-22

1y1
Mar. 26th 2010  Extracts from the history of the Swiss Franc (March 2010)   One of the clear victors of the Greek sovereign debt crisis has been the Swiss Franc, which has risen 5% against the Euro over the last quarter en route to a record high. 5% may not sound like much until you … Continue...

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