EUR/CHF – the latest rumours on the size of the SNB buy orders, and where

Yesterday I heard a rumour or two of a 1 billion EUR/CHF buy order at 1.2000 on behalf of the SNB. I was underwhelmed… the orders should be much bigger than that.

And today … yep … the chatter is intensifying. Pump up the volume!

• The latest in rumours is of 10 billion euro to buy at 1.2010 – orders for the Swiss National Bank
• And then even bigger size at 1.2000

Plenty of news and views about on the CHF cap, gold referendum, SNB …

• SNB intervention exclusive: Swiss FX traders on lockdown, Jordan the big unknown in SNB gameplan
• The EUR/CHF threshold has been crucial and needs to remain in place for as long as necessary
• EUR/CHF – SNB Intervention Is Coming; How To Trade It? – Nomura