Tag Archive: Switzerland

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): 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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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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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): 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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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, 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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The Line in Sand of 1.50 Collapses (December 2009, January 2010)

2010-01-26

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2010-01-26

euro swiss franc 2009-2010
Jan. 26th 2010 Extracts from the history of the Swiss Franc Pull up a 1-year chart of the Euro against the Swiss Franc, and you’ll quickly notice a salient trend: the exchange rate has hovered slightly above €1.50 since last March, with three notable deviations. The first occurred last March, when the Swiss National Bank (SNB) …

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SNB Could Intervene…Again (September 2009)

2009-09-29

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2009-09-29

snb swiss franc Intervention
Sep. 29th 2009   Extracts from the history of the Swiss Franc (September 2009)   After a brief “hiatus,” the Swiss Franc is once again rising, and is now dangerously close to the $1.50 CHF/EUR “line in the sand” that spurred the last two rounds of Central Bank Intervention.Both from the standpoint of the Swiss …

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Recent History of the Swiss franc, August 2009

2009-08-31

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2009-08-31

A market view history of the EUR/CHF from the website ForexLive August 2009 Swiss KOF Leading Indicator Much Stronger Than Expected The Swiss KOF leading indicator for August has come in at -0.04 from a revised -0.85 in July, much stronger than the median forecast of -0.60.  The indicator’s m/m rise in August is the strongest … Continue reading...

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Swiss National Bank Still Committed to FX Intervention (July 2009)

2009-07-17

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2009-07-17

swiss franc eur/chf
Jul. 17th 2009 Extracts from the history of the Swiss franc (July 2009). When the Swiss National Bank (SNB) intervened three weeks ago in forex markets, the Swiss Franc instantly declined 2% against the Euro. Since then, the Franc has risen slowly, and it’s now in danger of touching the “line in the sand” of …

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Recent History of the Swiss Franc: June 2009

2009-06-30

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2009-06-30

  A market view history of the EUR/CHF from the website ForexLive June 2009 Don’t Get Too Fancy- Most Of The Clues Are Face-Up On The Table EUR/USD: big option play has tied the market in for the last 2 weeks and there are 2 more to go we believe. 1.3750/1.4250 range on the wide but … Continue reading »

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SNB Intervenes on Behalf of Franc (June 2009)

2009-06-26

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2009-06-26

swiss franc rises after snb intervention
Jun. 26th 2009 Extracts from the history of the Swiss franc (June 2009)   Back on March 12, the Swiss National Bank issued a stern promise that it would actively seek to hold down the value of the Swiss Franc (CHF) as a means of forestalling deflation. The currency immediately plummeted 5%, as traders made … Continue...

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SNB rate decision June 18th 2009

2009-06-18

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2009-06-18

Extracts from the History of the Swiss Franc Courtesy on EasyForex.com SNB rate decision June 18th 2009 Written by Michael J. Malpede Wednesday, 17 June 2009 18:23 GMT The Swiss National Bank (SNB) will hold its monetary policy meeting on Thursday June 18th.The SNB is expected to hold rate policy steady at 0.00%-0.75%.Recent Swiss economic …

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Recent History of the Swiss Franc: April 2009

2009-04-30

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2009-04-30

crosses 2 apr 09
A history of the EUR/CHF from the website ForexLive April 2009 Selling EUR/CHF Seems Akin To Poking Billy Goat Gruff With A Sharp Stick It seems to me selling the EUR/CHF cross down here is akin to poking the elder billy goat gruff with a sharp stick.  You get it, Alpine meadows, goat herds….(Ok I know … Continue reading »

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