On Jan. 29th, SNB intervened around 12:30 pm NY time, so it will be interesting to se what happens within the hour or two.

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Be ready when London closes here soon. SNB could make another move like they did a couple of Friday's ago....

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dam... i'm missing the action. had a late nite, woke up just now and see what's going on. guys... SNB is loaded with money. They have very deep pockets, and if they need to print more money to devalue the franc and buying more euro, they will and ...

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Here's an article by Wachovia Bank and their opinion re: Greece and the Eurozone's issues: url

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DJ News article: url

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lol... here we go again, as could be predicted by all, back down she goes. I read an article this morning that swiss exporters are hurting b/c of the franc strengthening and that SNB will likely defend the 1.46 area although SNB has not and will not ...

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I think the 1.4600-4650 area could be the new line for now. I think that if SNB were not to defend where they defended yesterday, you're right, it would be like a cracked flood gate and this pair would fall much further past the lows of yesterday. ...

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It's been reported that this got up to 4905 although it doesn't show it on my platform, only up to 4808. Lots and lots of European and Swiss sellers were in the 4900 area and pushed it right back down to where it's at now. better prices for them to ...

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I'm reading in some news quips that there could be another round of intervention in the offing tonight (north america time) and one article saying they wouldn't be surprised if this got pushed back up to the 1.50 area. We'll see I guess. I have ...

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Was able to make 44 pips on the move up. Had a buy stop at 4650, but it skipped it and got me in at 4709, took profit at 4753

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somebody call me 1.403315.3885 and tell me where price is at... my platform is frozen but i'm in

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It went lower than the 4577 it hit on first week of March '09 to 4559 on my platform.

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I knew Asia would knock this down....darnit. Their the ones that drove it below 1.50 in december. Wonder if SNB is being woke up early from their sleep?

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That could be the route they take, however, I don't think that will accomplish as much as a huge push would. Keep in mind though, the Swiss have very, very deep pockets. They can afford to do whatever (they made a killing in gold in 2009), it's just ...

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Ok, so before you said you couldn't see them pushing it up 300 pips. Seeing what's happening now, based on what we saw last week, you think we could see a huge push from them?

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Hope it works out for ya. I have a buy stop 30-35 pips above where price is and will move it down as price goes down and try to catch on the way up if/when SNB jumps in.

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Ya, it really makes no sense to be long right now, fundamentally speaking. However, with possible SNB intervention, there should be no reason to get in, as long as you're not risking too much.

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So is anyone on this thread or reading this thread long right now on this pair? or going to get long if it drops down some more?

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The earliest I have seen SNB intervene is 10 pm mountain time Canada (where I'm at) towards the latter end of Asia. That's 2 hours before Frankfurt opens.

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Swiss banks deleveraging still overrides retail longs.

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