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Can the SNB save the USD ?

By tonysan  || October 22, 2009 at 13:47 GMT
|| 13 comments || Add comment

The commodity specs have taken control of the fate of the USD as our wonderful government just looks on and waits…for what? The USD collapse hinges on the SNB as EUR/CHF breaks 1.51 – I can’t believe we are relying on the Swiss for anything more than good chocolate, watches, safety, and neutrality…?

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13 Responses to “Can the SNB save the USD ?”

  1. lilac on October 22nd, 2009 14:14 GMT

    Cuckoo clocks ;)

  2. Blackday on October 22nd, 2009 14:39 GMT

    Secret bank accounts ;)

  3. Blackday on October 22nd, 2009 14:41 GMT

    I was under the impression that it was the nearest and dearest trading partners’ currencies that they were most concerned about. Is that right?

  4. Blackday on October 22nd, 2009 14:55 GMT

    I’m looking at a Swissy chart at what looks like close support around 1.0011 which is last summer’s spike low. Having spent quite a bit of the summer trying to single handedly buy up the Swissy, I gave up in the end out of sheer fraustration. I like to think it has great potential at these levels but recently, when it was at 1.0240, I had a strong compulsion to see it DIVE.

  5. Blackday on October 23rd, 2009 11:41 GMT

    I’ve taken a punt here at 1.0056 SL 1.0026

  6. gerry davies on October 23rd, 2009 11:53 GMT

    Come on the SNB!!! Hi Blackday, good luck

  7. Blackday on October 23rd, 2009 13:03 GMT

    Not a chance … out here 58 *sigh*

  8. Blackday on October 26th, 2009 08:29 GMT

    Save the SNB stepping in to flog CHF, the technical’s are indicating divergence on the daily chart.

    Swissy daily:- http://www.pict.com/view/1840771/0/usdchfdailydiv

    Is it time to move into a long?

  9. ALI on October 26th, 2009 08:45 GMT

    At daily chart stochastic is under 20; momentum is oversold…have no idea if it is long (the other charts are mixed to my view)

  10. Blackday on October 26th, 2009 08:48 GMT

    That’s interesting, ALI. I have Stoch’s (14,3,3) at 90.0 having already topped out at 100

  11. Blackday on October 26th, 2009 08:51 GMT

    I’ve added Stochastics to the chart so my guess here is that we use different settings:- http://www.pict.com/view/1840811/0/eurusdincstochs

  12. ALI on October 26th, 2009 08:52 GMT

    Should be ;) I was looking at USD/CHF…Funny I should b e drinking more coffee…

  13. Blackday on October 26th, 2009 08:55 GMT

    I’m the one that need more coffee, ALI. I clicked on the comment and assumed it was a reply to my last, EURUSD, without looking at the topic title!



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