Some scuttlebutt in EUR/CHF This was doing the rounds yesterday. Talk of decent interest to buy short-dated 1.1400 calls (said to be for Wednesday) The cross continues to rally, the market covering shorts ahead of tomorrow and possible action by the … Continue reading
The SNB peg was announced three years ago today at 0800 GMT. At about 0400 GMT, the Wall Street published this story. Most people though the SNB would wait another day before doing anything because their regular meeting was scheduled … Continue reading
Swiss National Bank President JP Danthine’s days of buying EUR/CHF are numbered. He informed the SNB today that he will retire in mid-2015, according to a statement. I mean, if monetary policy is locked at zero and the currency is … Continue reading
We’re just knocking back towards 1.2050 from 1.2067 over the last hour or so despite the upcoming peace deal in Ukraine. Again it’s a clue that there’s not much in the safety trade as the euro in general is pushing … Continue reading
CHF 453.4 bln prev That might all change over the next month!
That’s not being disingenuous to Mike’s great post earlier (from the bears mouth too ) but looking for clues is what we do here and a couple of simple ones have shown themselves over the last couple of sessions. Firstly we only … Continue reading
You can bet your life they are and likely not to have been as surprised as us about the interest rate cuts. It’s more than reasonable to think that the Draghster will have had a quiet word with SNB chief … Continue reading
I see in my absence that my retirement trade is getting a few other’s bums squeaking, so is it time to panic? The boys have been all over the swissy last week, Eamonn had a post on guaranteed stops, while Adam … Continue reading
I don’t post much on EUR/CHF … But, here’s one! As the headline to the post says it isn’t news though. Just getting a fair bit of chatter back about the Swiss National Bank around on the bid circa 1.2050. … Continue reading
Low trade at 1.2049 and then back to 1.2056. This is about to get very interesting. The late-2012 low was 1.2030. There have been rumors about SNB interest but nothing has come to fruition so far.