June 23rd, 2010 07:10:36 GMT

Further to earlier SNB talk…….

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There appears to be a little confusion. Hearing conflicting reports about bid at 1.3585.  Talk now the bid is not SNB but someone protecting a barrier at 1.3575.  Well suffice to say there’s a decent-sized bid at 1.3585.

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June 23rd, 2010 06:54:31 GMT

Talk SNB on the bid in EUR/CHF

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Talk Swiss National Bank is on the bid in EUR/CHF at 1.3585.  Said to be for around euros 1 bln. Talk of 1.3550 barrier with stops parked just below there.

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June 17th, 2010 13:46:24 GMT

Score one for the ‘think tank’

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Earlier this week a well-known think tank proclaimed that the SNB was willing to tolerate a stronger franc, perhaps as far as 1.3000 versus the EUR. Today we learned that the SNB dropped its vow to drop franc appreciation, saying … Continue reading

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June 8th, 2010 15:30:48 GMT

SNB: No comment

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Reuters called the SNB regarding intervention but got the standard “no comment”. One rumor making the wounds is that the SNB used a new tactic in today’s fruitless endeavor: The supposedly bought EUR/CHF on the banks’ portals, rather than entering … Continue reading

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