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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 901
Forum Topic:

CHF

Discuss CHF
 
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smokethecuban
Preston, UK
Posts: 4
13 years ago
Sep 23, 2011 8:18
Good call Ashraf yesterday - after getting as high as 1.2341 it subsequently corrected - I took profit at 1.22648 having been in from 1.20694. Now sitting tight awaiting the next opportunity....away from EUR/CHF....I would love to get back into Gold however seems just too volatile right now....
FXHandler
Norway
Posts: 195
13 years ago
Sep 22, 2011 4:14
Anyway, Ashraf.
It is now my time to cut out all this currency things. It only costed me worse and worse.
I acted on your advice, it is my fault. Not yours.
But it is me that was stupid to listen to you.
Good bye.
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Sep 22, 2011 4:09
EURCHF nearing 200 dma for 1st time since April. but last time it CLOSED above it was in Oct 2009. so it remains a big barrier.

Ashraf
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Sep 22, 2011 0:49
I do feel sorry for exporters in swiss. very difficult for them.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Sep 22, 2011 0:48
presumably they will be selling gold ?
djellal
LAUSANNE, Switzerland
Posts: 531
13 years ago
Sep 22, 2011 0:36
@Gunjack,

in Switzerland the job of the SNB is very appreciated but not considered sufficient.
So I think they will continue to devaluate as advertised and everyone here support them.

Some are waiting a big movement from snb on gold.
alokd
Texas, United States
Posts: 6
13 years ago
Sep 21, 2011 21:28
I picked up a small position on EUR/CHF around 1.22. If EUR/USD continues to drop, I think it may force SNB to increase the peg to 1.25.
Gunjack
London, UK
Posts: 1184
13 years ago
Sep 21, 2011 17:18
@djellal whats the mood like in Suisse? You think the SNB will see their promise thru of devaluing the CHF?
djellal
LAUSANNE, Switzerland
Posts: 531
13 years ago
Sep 21, 2011 17:07
Ernst Baltensperger, an adviser to the Swiss central bank, said that he considers it possible that policy makers will soon increase the franc ceiling versus the euro to 1.25, Tages-Anzeiger reported, citing an interview.

I dont know any expert who doesnt consider the franc still overvalued at 1.20 based on fundamental factors, Baltensperger told the newspaper in the interview published today. As long as one defines the lower limit at 1.20, the risk for the central bank is comparatively limited but all fundamental data are pointing toward a range of between 1.30 and 1.40.

He also said that while the currency ceiling poses a high risk, it would have been more risky not to do anything. The Swiss National Bank is able to defend its cap for as long as it wants, he said.

smokethecuban
Preston, UK
Posts: 4
13 years ago
Sep 21, 2011 12:09
talking forex just announced advisor to SNB has been quoted in Swiss press that SNB may be raising level to 1.25 - his opinion however he is an advisor to the SNB - source "Talking Forex"
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