I totally agree with you. Why didn't SNB shoot this thing back up closer to the 1.50 area? Knowing full well that they would have to do this again if 1.46-.47 area is the new threshold. My thinking is shoot this pair back up high enough so that in a ...

EUR/CHF

Ya I know it isn't viable long term. In fact, we all know that if/when SNB intervenes again, it will descend right away. For me though, if they did intervene, I can catch it on the way up and be able to reduce or even eliminate what I have left of ...

EUR/CHF

Everyone be ready for risk aversion to continue when Asia opens, especially yen pairs. Will probably see eur/chf fall more and possibly below last weeks low. "Dear SNB, please don't be an SOB, and push this pair back up." :oP

EUR/CHF

I know, other wise w/o SNB threatening intervention, this pair would probably be down by 1.40 area. Of course if SNB had made it known a long time ago that they would halt interventions, I wouldn't be in the pickle I'm in right now because I would ...

EUR/CHF

i was very glad to see their trade balance come in lower. Were you able to catch any pips on last week's intervention? I missed it by 10 minutes. Was at the store when it happened.

EUR/CHF

You're probably right. I think what will happen is we'll see this pair drop when Asia opens later on. It could very well drop beyond Friday's low and if SNB intervenes, it may not be until closer to European session. So I think we'll see a new low ...

EUR/CHF

keep an eye on this pair when London closes, you never know

EUR/CHF

and down she comes again.... wonder if SNB will step in again or let it drop further than where it went last Friday? Ya, the Swiss trade balance came in much lower than expected. Maybe that will add some fuel to SNB to push this pair back up.

EUR/CHF

The price is sitting right on top of the 10 daily moving avg. which comes in at 4714. Before Friday when SNB intervened, the price stayed below it. Yesterday and today is the first it has stayed above this avg since December. If it breaks through it ...

EUR/CHF

I agree for now. If it drops below 4690, then it will head south, until SNB intervenes again. Looks like for the short time being that 1.4700 is the line in the sand for now. I think what SNB should do is push this pair back above 1.50 one more ...

EUR/CHF

An article from WSJ News on Feb.2nd: url

EUR/CHF

No problem. It means the banks are getting risky assets off their books, so to reduce their risk exposure in the markets. Will be interesting to see what SNB will do this week. Either there will be a 2nd round of intervention or the 1.46-.47 area is ...

EUR/CHF

I'm reading that Swiss banks took the higher quotes after the intervention to deleverage at better levels, thus the retracement we saw after the last inititial push. I wonder how much more Swiss banks need to deleverage?

EUR/CHF

The Swis FinMin set a really good trap this week by saying there was no need for intervention a couple of days ago...lol.... traders took the bait and started shorting more and then BAM! I'm reading reports that this may be only a precursor to ...

EUR/CHF

or if Eurozone falls apart.... ugh, don't even want to think that thought. I've been able to take some drawdown off my trades I'm in, but seems like every time I take some off, it drops down more which adds right back to my drawdown. Would be ...

EUR/CHF

SNB's report came out Dec. 10th. Read the attached file. They threw the word "excessive" into their statement which told traders "Ahhh, we can short this pair down more!"

EUR/CHF

Looks like someone else is looking for SNB intervention soon: url

EUR/CHF

Another article: url I wonder if it is a good thing that a lot of negative news (Greece, Portugal, etc.) is coming from the Eurozone. Could this be causing the Franc to rise faster to the point that SNB will have to intervene? Whereas, if there ...

EUR/CHF

Here's an article from Dow Jones News this week re: SNB: url

EUR/CHF

Ya, the Swiss especially have some serious deep pockets to do this sort of thing. I hope you're right about 1.46 area being the final straw.

EUR/CHF