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    • Plofkip replied May 17, 2013

      Yes, I also don't believe that the peg will be adjusted. Small countries get beaten up for openly devaluing their currencies. Even Japan (world's 3rd largest economy) has to pretend that devaluation is just a handy by-product of efforts to reflate ...

      EUR/CHF
    • Plofkip commented May 15, 2013

      It doesn't concern me what is, or is not, good for Britain, but I am coming to the conclusion that it is not good for the EU to have Britain as a member. Monetary union implies fiscal union implies a transfer of sovereignty. Within the EU we need to ...

      UK exit from EU may really happen
    • Plofkip replied May 15, 2013

      God I hate the ECB web site. It's absurdly difficult to find anything. On the LTRO repayments I have compiled the following table from url If anyone can find a better source, glad to hear about it. (Thx V4X. I hadn't been following these ...

      EUR/CHF
      • Attached File(s)
      File Type: pdf 130515 LTRO repayments.pdf
    • Plofkip replied May 15, 2013

      Thanks, Swissie. I had missed this. The impending changes to banking secrecy are forcing money out of Switzerland. That's more the end of Switzerland as a tax haven than the end of the Swissie as a safe haven asset, but the impact would be the same. ...

      EUR/CHF
    • Plofkip replied May 14, 2013

      About fundamentals and EURCHF. It seems to me that the state of the Swiss economy has relatively little bearing on EURCHF at the moment, but that the state of other economies and perceptions of risk in the EU and US are significant. Right now US ...

      EUR/CHF
    • Plofkip replied May 14, 2013

      Can't agree with you there. Interest rate differentials and exchange rate expectations are necessarily linked under conditions of capital mobility. url PK

      EUR/CHF
    • Plofkip replied May 14, 2013

      If you ladies have quite finished with the handbag fight, perhaps we can get back to business? We're on a retrace. How far will it go? 1,236 would be 38% retrace of the rise during 2-10 May. PK

      EUR/CHF
    • Plofkip replied May 11, 2013

      Thanks, this is helping me join up the dots a bit where my own trading is concerned. I have two CHF exposures: I have borrowed CHF to buy fixed-income DKK assets, as a carry trade (with negligible leverage); and I have borrowed CHF to buy EUR, as a ...

      EUR/CHF
    • Plofkip replied May 11, 2013

      Hmm. It never occurred to me to view rollovers/swaps as a source of earnings in themselves. I have looked at them as an insignificant bonus where they are positive and a minor irritation where they are negative.

      EUR/CHF
    • Plofkip replied May 10, 2013

      March last year. Hell! Was that extraordinary patience or blind negligence? :-) Why would you get out this time at 1,25 if you didn't exit at that level back in January? Just hang in there. It'll get to 1,3 eventually. Encouraging watching the ...

      EUR/CHF
    • Plofkip replied May 10, 2013

      No, not in my opinion. They're not intervening (*) and it's not out of nowhere. Pressure has been building for months. Nice result. I'm keeping mine (from early February) until we are at least past the highs of mid-January (1,257). PK (* Edit, there ...

      EUR/CHF