Tag Archive: Gold

SNB buys Swiss Francs and sells Euro: Welcome to the EUR/CHF peg

2012-05-01

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2012-05-01

dailyfx long eur/chf q1 2012
Why the big Q1 loss of the SNB was actually a big win for the central bank Anybody watching the EUR/CHF exchange rate this year was wondering why the volatility the pair saw last year had completely left. The pair slowly fell from 1.2156 over 1.2040 at the end of Q1 to 1.2014 today. FX … Continue reading...

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SNB meeting on March 15th, 2012: Pure Speculation that SNB raises floor, How to Trade it ?

2012-03-14

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2012-03-14

Between November 2011 and January 2012 mostly left-wing politicians and trade unions wanted the EUR/CHF floor to be risen to 1.30 or 1.40 and uttered their wishes regularly in the Swiss newspapers, triggering many FX traders to speculate on this hike. Recently these demands have become more silent even if some UBS analysts still see the floor to …

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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...

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EUR/CHF, A History, Market Betting on Floor Hike: January 2012

2012-01-31

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2012-01-31

eurchf 3 minutes
1.2034 The EUR/CHF Low As Risk-Off Resumes   1.2025 barrier supposedly in play while the 1.2000 peg below will act as a magnet if broken. There is something about the forex mindset that prompts markets to reach out and touch things that are not meant to be touched. EUR/US fell to 1.3063, triggering a few … Continue reading »

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The new European Save-Havens: Trade SEK/CHF and NOK/CHF

2012-01-10

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2012-01-10

eurchf eursek eurnok eurusd 2009-2011
After the announcement of the floor in the EUR/CHF pair, many predicted the Swedish and the Norwegian Krone to take the place of the Swiss Franc as European save-haven against the Euro turmoil (http://on.ft.com/pKSJ1V). Both countries possess a low level of debt, positive trade balance and very competitive economies.

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EUR/CHF, Market betting on Floor Hike, December 2011

2011-12-31

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2011-12-31

12-7 chf 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 »

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SNB: Lift EUR/CHF floor or not ?

2011-12-14

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2011-12-14

chf vs. gold in 2011
Many participants in the FX markets seem to be sure that the SNB will lift the EUR/CHF flow to 1.25 Here the pros and the cons:

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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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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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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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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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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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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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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 history of interventions: November 2009

2009-11-30

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2009-11-30

November 2009 Asian FX Market Open: Price Action Suggests That There’s More To Come As I wrote yesterday, the market moves reminded me of 12 months ago when risk aversion was in full flow and this has continued throughout the European session. As Lilac mentioned after the FTSE fell by over 3%, we could be … Continue reading »

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