what time is jordan speaking? is it now?

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EUR/CHF: Creeping toward the peg Written by Jamie Coleman May 14, 2012 at 12:42 GMT EUR/CHF trades below 1.2010 this morning, no doubt being closely managed by the SNB. They must be taking on huge sums at these levels as Investors from the periphery ...

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I cant see him saying anything out of the ordinary

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Floor test coming up the SNB should have been more proactive in moving price away from 1.20

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I think you say that every week

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It isjustgoing to be sold off again I'm sure

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oh dear looks like the intervention team is out of money

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I dont see why they havent does this already to be honest all it needs is a well placed comment and they could move this away from the floor. which is another reason i found jordans comments on negative interest rates puzzling.

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i'm holding mine

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1.22 would be fine for me. and never is a very long time

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what is your position long or short?

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I agree it looks wrong .The yoy inflation just released was -1% against a expected -0.9%

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so they have gone from minus 1% inflation to 1% inflation in a month

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I will be holding my long i have never expected a massive intervention but more a slow rise up from this level

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Yes when i say the franc wont weaken i mean against the euro

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there is no way the franc is going to weaken on its own the SNB will need to be more proactive if thats what they want

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CPI weaker than expected but not by much

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Thats if it gets up that far in the near future. With London being closed on monday there could be a run at the floor again.

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Must be your broker mine has been in a 4 pip range for the last 2 days

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no it is a little bit frustrating

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