Fair points Even if the rate of intervention continues to slow? And Draghi brings his bond buying plan in

EUR/CHF

Hi qatar You dont see any chance of relief in the euro allowing for a sustained move up on this pair then?

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I wonder how alexcee is getting on

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Retail sales up on expectations services PMI down

EUR/CHF

SNB’s Jordan: To enforce minimum exchange rate with utmost determination Written by Gerry Davies September 3, 2012 at 07:10 GMT NO SURRENDER!!!! I like that image Rise in swiss franc would be ‘substantial threat’ to swiss economy Rise in swiss ...

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Yes thats what i was trying to get at

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Ha yes well put

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Did you see my post 9325 Do you think the brokers are just protecting themselves ?

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Had a email from pepperstone reducing leverage on eur/chf pair immediately to 25-1. They believe in the next few days the SNB may try to Intervene in the market which will cause gaps and volatility. Words to that effect.

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I dont know around about the middle of the month i think

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I really dont know. It would be nice to be a fly on the wall in the SNB meetings

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A change of the floor you think a lower floor towards 1.10? I dont see them doing negative rates or capital controls

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I was just asking as i know alesss is bearish and thinks the floor is going to be dropped or removed. I wondered if things he/she still thinks the same.

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By important i take it you mean a removal of the 1.20 floor?

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url I found this but guess most people have read it. What happens if the ECB cuts rates this week more pressure on the floor?

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Another poor weekly close near 1.20050. The SNB won't do anything at the next meeting and I don't think there will even be a 20 pip spike so wasn't worth holding the positions on one account positiv swap and one account negative.

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@ Holmes and Aleneth That's why I'm out of this pair haven't a clue whats going on and can't see it moving from the 1.20 level. See what draghi brings out next week I think it will take a lot to reverse the inflows on this thing.

EUR/CHF

I dont know but i think Jordan should take some lessons from bernanke on how to talk a currency down.

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I dont know but it all seems a bit strange. I wonder wheather they are gearing up for a shift in policy.

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Swiss government backs SNB Written by Adam Button August 31, 2012 at 13:00 GMT Swiss gov’t says it supports SNB policy ‘fully’

EUR/CHF