Tag Archive: Switzerland

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 »

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SNB: Lift EUR/CHF floor or not ?

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 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 »

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

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

  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

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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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 »

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

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

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)

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): December 2010

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)

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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Capital controls: The poison cupboard of the SNB

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

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): July 2010

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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SNB Abandons Intervention (June 2010)

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

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

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, March 2010

, 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)

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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