Now the market is immune to SNB's speeches and their determination to weaken the CHF. Speeches & publications from SNB hold less weight for trading fluctuations for now. It breached the 200EMA deeply, last seen early April. Sentiment wise, this last ...

EUR/CHF

Added minilots at 200EMA, Just hoveing over it going sideways now. Brinks is right - Given the good EZ economy now but no EC rally just points to eventual falling back to the floor.

EUR/CHF

"Utmost Determination" again I think...... Yawn :0

EUR/CHF

Yawn,.... pretty boring these days. Good for scalping only, or scalp long to be safe. Any idea why SNB's weekly sight deposits keep on increasing so much?

EUR/CHF

Surprises may happen since Jordan says the peg may be tweaked. But I don't think he will mention it during the SNB announcement this Thu. It can possibly be weeks or months after this SNB. A possible scenario is lifting the peg to 1.25 after EURCHF ...

EUR/CHF

That was 23hrs ago.... Now it has dropped to 1.24xx. I have the same intentions as you, to reload low & hoping for it to drop close to floor again for our game to start again. The CHF weakness is principally due to USD strength & secondary due to ...

EUR/CHF

It is SNB's dream to see CHF devalue., but not without increasing their foreign reserves & balance sheet buying Euros. Who knows SNB may suddenly lift the peg to 1.25 when EURCHF breaks 1.25 & stabilises there. It is a cost free peg lifting for SNB. ...

EUR/CHF

Yes it's true. Once a safe haven, psychologically always a safe haven. May look good to short now (short term) @ 1.233, looks like a strong resistance here. Or I'll just wait for more bad news for it to drop before I reload.

EUR/CHF

Takes 2 days to change. See again on Wednesday .

EUR/CHF

On the rumor of the SNB repeg to 1.25, if indeed 'rumors' caused EURCHF to jump to 1.25 in the next few days, won't it be a 'free' repeg for SNB as it does not need to buy more EURs to lift the peg? Instead when the rate breaches 1.25, SNB can just ...

EUR/CHF

I agree - EU's economy is still in bad shape. The fundamentals & sovereign debt & banking crisis is still far from over. Only the recent short term rosy outlook due to a brisk short term risk appetite is causing EURCHF to move up. I bet it won't ...

EUR/CHF

I'm quite sure we will see the floor test again although I cannot estimate a timeframe. EZ economies are in a quagmire of debt & financial uncertainties. Germany got downgraded by a 'small' rating agency. An indication of a similar move by larger ...

EUR/CHF

Nope, I don't think so. Just a modest gain in EUR when they unload their gold. Rumors about Cyprus or other EU countries unloading gold reserves are just rumors to date. I see the other EU nations bailout problem e.g. Slovenia having more downwards ...

EUR/CHF

Yes, I'm referring to that link... and yes, it does not refer to the general in/out flow of funds into CH. It's a rough indication though & foreign reserves are slightly up too recently. It's pretty boring trading EURCHF these days & I dare not ...

EUR/CHF

SNB's weekly Sight Deposits showing a gradual drop. last week was also down 1 billion CHF. With Cyprus, Italy, Portugal & other EZ members in the limelight, can anyone wonder why funds are still flowing out of Switzerland instead of going in?

EUR/CHF

hmmm, Draghi didn't help much in lowering EURCHF to a buyable region. Guess we still have to wait for more hiccups in EZ, or a sudden or gradual strengthening in CHF when funds start pouring into the Swiss safe haven fast enough. This week's SNB ...

EUR/CHF

Yes, SNB wishes to see the franc @ 1.25, but can only at the moment : 1. Defend the peg/floor - utmost determination. 2. Introduce negative rates, which is highly unlikely. 3. Rumor about going to introduce negative rates to temporarily prop up this ...

EUR/CHF

What caused this 20pip dip? SVME PMI is down, should be moving opposite direction instead. Its just minilots for me right now. Anyway & anyhow, I'll still wait for a dip below 1.2050 before seriously reloading. I believe another hiccup post-Cyprus ...

EUR/CHF

Yes, slowly going back to floor... 1.21 is a hard level to break. Still 80pips above it. Another EU 'hiccup' will send it plunging down again.

EUR/CHF

I still don't see a direct link on the Swiss gold buying to 20% and an end to the 1.20 cap. I see buying gold by printing more CHFs will also weaken the CHF, so it's good for SNB right? I'm not an economist, Can someone enlighten me?

EUR/CHF