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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 826
Forum Topic:

CHF

Discuss CHF
 
Ashraf Laidi
London, UK
Posts: 0
5 months ago
Jun 11, 2014 10:26
Bought $NZDCHF yesterday, thinking RBNZ was last night but when realized it's tonight I held on to it.

Still liking $AUDCHf & $USDCHF

A
Ashraf Laidi
London, UK
Posts: 0
6 months ago
May 20, 2014 18:28
djellal
LAUSANNE, Switzerland
Posts: 531
7 months ago
Apr 15, 2014 14:10
We suspect SNB was on the gold short today...

INTERVIEW-SNB sees some upside in ECB easing, but defends franc cap

By Krista Hughes
WASHINGTON, April 12 (Reuters) - Switzerland could benefit
from further policy easing in the euro zone if the Swiss franc
weakened in tandem with the euro against the U.S. dollar, Swiss
National Bank Chairman Thomas Jordan said on Saturday.
But Jordan warned the SNB would defend its currency cap
against the euro and would not hesitate to take other measures
if further stimulus from the European Central Bank pushed the
franc up against the euro.
ECB President Mario Draghi said earlier on Saturday the euro
zone central bank will ease monetary policy further if the euro
EUR keeps strengthening, his strongest signal to date that
the ECB may embark on stimulative asset purchases.
Jordan said it was hard to predict the impact of such
policies on neighboring Switzerland, but the SNB was determined
to keep loose monetary conditions given continued low inflation.
"The euro is very strong against the dollar and a weakening
of the euro in general is probably not too bad for the Swiss
franc," he said in an interview on the sidelines of
International Monetary Fund spring meetings.
"If the Swiss franc weakens with the euro together against
the dollar, that would be something which is beneficial for
Switzerland and the Swiss economy."
The SNB put a cap of 1.20 per euro on the soaring franc in
2011 to help stave off recession and the threat of deflation and
had to intervene heavily in 2012 as the euro zone crisis flared.
The franc has gained nearly 2 percent against the dollar
this year and almost 1 percent against the euro
EURCHF, a rise Jordan said was partly due to safe haven
effects. The franc was still "very strong," he said.
"The minimum exchange rate is the key tool so we will
enforce it also in the future in order to maintain adequate
monetary conditions in Switzerland," Jordan said.
"We do not exclude any measure that is necessary in order to
maintain adequate monetary conditions and we have already said
we do not exclude introducing a negative interest rate."


(Reporting by Krista Hughes; Additional reporting by Dan Burns;
Editing by Andrea Ricci)
((krista.hughes@thomsonreuters.com)(+1 202 354 5854)(Reuters
Messaging: krista.hughes.thomsonreuters.com@reuters.net))
djellal
LAUSANNE, Switzerland
Posts: 531
7 months ago
Apr 14, 2014 19:00
CHFJPY below 120.00 short each rebounds 1rst target 110.00 then 100.50
Dalcindo
Denver, United States
Posts: 0
7 months ago
Apr 7, 2014 22:29
In reply to Dalcindo's post
07 APR 2014 - $USDCHF Update:

Price finds support @ 0.88701 as per forecast

www.tradingview.com/x/cUwgxvMe/

0.89792 target remains open.

Cheers,

David Alcindor
Dalcindo
Denver, United States
Posts: 0
7 months ago
Apr 3, 2014 21:10
In reply to Dalcindo's post
ADDENDUM: Expecting retracement to 0.88701:

USDCHF - 4-Hour Chart:
-https://www.tradingview.com/v/Xeb0LeYM/

Cheers,
Dalcindo
Denver, United States
Posts: 0
7 months ago
Apr 3, 2014 19:12
USDCHF - Price Nears 7-Day Forecast Target:


Exactly 7 days ago, I announced a bullish target @ 0.89792 - See forecast here:https://www.tradingview.com/v/1wOQA2Z3/.

At this point, there has not been any interim technical to prevent forecast from hitting this target.

Cheers,

David Alcindor
djellal
LAUSANNE, Switzerland
Posts: 531
8 months ago
Mar 29, 2014 12:18
be cautious to chfjpy
Sahid
fjord realm, France
Posts: 464
11 months ago
Dec 13, 2013 12:55
In reply to Sahid's post
from Stement of Thomas Jordan...

"Last summer, sparked by the debate about a possible reduction in the US Federal Reserve’s
bond purchase programme, long-term interest rates rose across the globe. Switzerland was no
exception. The most recent interest rate reduction by the European Central Bank (ECB), by
contrast, had little effect on Switzerland. One possible reason for this is that money market
rates in the euro area were already at a very low level before the ECB’s decision and did not
fall any further.
Since October 2011, inflation rates in Switzerland have been predominantly negative. The
introduction of the minimum exchange rate in September 2011 prevented a more severe
deflationary trend, however. Lower price levels in Switzerland reflect, on the one hand, the
impact of the past appreciation of the Swiss franc on import goods prices. On the other hand,
price developments show clearly that domestic companies are lowering their costs so as to
improve their price competitiveness. More than two years after the introduction of the
minimum exchange rate, both effects have weakened considerably; this is also reflected in the
current path of inflation. At the same time, inflation abroad is receding, especially in the euro
area. The inflation differential between Switzerland and the euro area has thus decreased
significantly.
Inflation differentials play an important role in the valuation of the Swiss franc. This
decreased inflation differential means that the real effective exchange rate will hardly change
from now on and will remain considerably above its long-term average. Unless there is a
substantial nominal depreciation, the current high value of the Swiss franc will therefore
continue.
Growth in the M1, M2 and M3 monetary aggregates has been perceptibly weaker since
summer; this is primarily attributable to the rise in long-term interest rates. Liquidity held by
households and companies has nevertheless remained high. In the past, a sustained high level Berne, 12 December 2013
Thomas Jordan
Media News Conference
Page 4/4
of liquidity generally pointed to inflation risks. As a result of the financial crisis, however,
this correlation cannot currently be made. Thus, in recent years, the inflation rate has
remained exceptionally low despite a high level of liquidity.
At present, there are no signs of a rise in inflation in Switzerland. Our inflation forecast shows
no risk of inflation whatsoever. In addition, surveys on inflation expectations reveal values
that are consistent with our definition of price stability. This applies not only to short-term
inflation expectations, but also to long-term horizons of up to ten years. Furthermore,
production capacity in Switzerland is still underutilised, which also makes a rapid rise in
inflation unlikely. "
Sahid
fjord realm, France
Posts: 464
11 months ago
Dec 13, 2013 12:47
In reply to Sanju's post
ract of SNB statement

"The SNB bases its monetary policy decision on a conditional inflation forecast, which
assumes an unchanged three-month Libor of 0.0% over the next three years."