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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
SNB certainly stuck to their word on the ECHF. Its rendered a waste of space for trading.
" Getting a lot of chatter about the size of euro buying by
the SNB in the last week with traders noting diversification by Bank
into Sek and Nok. Others note that the central bank has been linked to
euro sales vs the dollar, sterling, Canada, Singapore dollar and Korean
won in recent trade. Euro-Swiss currently trades around Chf1.2010, off
the defended floor at Chf1.2000."
http://youtu.be/AktR_PoticI
Ashraf
Her proposal pan Ezone deposit guarantee will not work but the blabla increases confidence in troubled banks. tp 12680 then short.
WE ARE WITNESSING SIMILAR CONDITIONS TO LATE 2009 & MARCH OF THIS YEAR:
Some maybe wondering about 3 options
i) sell EURUSD at current level;
ii) sell EURUSD on the next rebound; or;
iii) buy EURUSD at current level for +100-200 pips.
We will opt for the 2nd option, which may involve a 1-2 week consolidation before renewed selling. See the trades below. The trades may remain UN-executed for days.
Ashraf