AUTOREFRESH 
EUR/CHF slips bit further
By Gerry Davies || March 12, 2010 at 10:02 GMT
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Despite talk of SNB on the bid at higher levels, EUR/CHF has slipped a little further, reaching session low 1.4581, presently at 1.4589. Talk is a large Swiss commercial bank is pressuring the cross. Will be interesting to see whether the SNB ups the ante and really intervenes aggressively. Stops tipped through 1.4575.
Last year, this time of the year, other economical circunstances, but on the euro going up like now, they did raise the pair 500 pips. Will they do it as aggresively? maybe not. But they keep on insisting they will act in accordance ( i would think aggresively) , and they have not lately. Maybe they are sending advise not to short the pair. or maybe nothing will happen, but they became masters in intervening when not expected. Lately, on the friday close, or asiatic market. The pair is slowly getting to it’s all time lower low, the country economy is going so “super” well, better than fantasic… Fundamentals are the chf has to become stronger. but, how aggresive can the SNB be?
So it’s a civil war in Switzerland
maybe not a civil war, but certainly more than a phone call is being made now…
Crude Oil May Decline on Ample Inventories … http://www.businessweek.com/news/2010-03-12/crude-oil-may-decline-on-ample-inventories-survey-shows.html