euro has to fall on mondays,wednesdays and fridays and is only allowed to rise tuesday and thursday

Sarkozy says euro rate should be discussed with ECB

and for sure those 20-40 billion stop orders are all sitting at banks that don't have a credit line with SNB We're far away from 1992...CBs printing unlimited amounts of money is en vogue

SNB Poised To Repeat Dubious History

as long as there is a legal way to undermine SNB's bid at 1.20 they can't do anything except jumping in a few pips above 1.20

Jordan: SNB Can't Exclude EUR Being Offered Below CHF1.20 In Future

retail didn't lose only because break of 1.20 you always have to consider the spread and then some if they really set their SL=1.20, then I don't know there were lots of stopps triggered between 1.2024 and 1.20

SNB says it will continue to defend CHF 1.2000 per EUR level

They can introduce negative interest rates any time and the shorts are toast

EUR/CHF spikes 30 pips lower, briefly breaks 1.2000

It was exactly the opposite with gbpusd as with eurchf BOE tried to keep the pound up and soros traded against this because he saw gbp overvalued SNB is trying to get the chf down

Euro/Swiss Franc Nears 1.20, Swiss National Bank Hovers-Trade Setups?

I think it's a little bit different to defend the floor than to establish it SNB doesn't have to push up the pair a few hundred pips So it doesn't matter whether there are 95% retail longs or not We are currently not seeing a flight into chf over ...

Euro/Swiss Franc Nears 1.20, Swiss National Bank Hovers-Trade Setups?

SNB isn't interested in triggering stops They stated that no market will see a price below 1.20 If they let it drop below and push it up afterwards, it would open the door for playing that break over and over again. SNB has to show that 1.20 means ...

Euro/Swiss Franc Nears 1.20, Swiss National Bank Hovers-Trade Setups?

reason could be profit taking on eurjpy while they are holding usdjpy that's pushing down eurusd

EUR/USD Hope you brought a helmet

For me, eurchf doesn't play a big role for the big money anymore and that's because of the floor it's either chf being bought or sold...and if it's bought/sold heavily, eurchf will go in that direction too, no matter what eurusd is doing

SNB Monetary policy assessment: 15 March 2012

you will barely see usdchf not move if eurusd moves there is no money to be made to the downside with eurchf they are doing it with other crosses like euraud where sometimes audusd is within a few pips range and eurusd/euraud are having party

SNB Monetary policy assessment: 15 March 2012

my guess is that as long as we don't see massive selling in usdchf, eurchf will stay in the 1.2080-1.2120 area, regardless of eurusd

SNB Monetary policy assessment: 15 March 2012

Nah, not a fake....it's the SNB board members making some trades prior tomorrows meeting

CHF weakness is currently being observed across the board

How should this kind of event already be priced in? Is there anything comparable so far?

ISDA says Greece experienced 'credit event'

17.8bln doesn't sound much for a 2000+ pips move

SNB has said it spent CHF 17.8bln last year in FX intervention

If they were initially wrong with their trading decision, they've got the power to move the whole market in such a way that they can get out be or with a small loss...so what

J.P. Morgan Takes Trading Day Bragging Rights