Entries Categorized as 'eurchf'

SNB Intervenes in the Swiss Franc!

Date April 1, 2010

Last week we raised the question of what the Swiss National Bank is waiting for and why they haven’t intervened. In that article we said “Everyone has an uncle point and for the SNB there is no question that we are nearing that level…” At that time, EUR/CHF was trading at 1.4272 and [...]

Posted in Intervention, eurchf, swiss national bank Comments 5 Comments »

Why the SNB Has Not Intervened in the CHF

Date March 23, 2010

For the eighth trading day in a row, EUR/CHF has failed to rally. The Swiss Franc even ended the day at a fresh record high against the euro as traders test the resolve of the Swiss National Bank. This has led many currency traders to wonder What is the SNB Waiting For? Why haven’t they [...]

Posted in Intervention, eurchf, forex blog, swiss national bank Comments 3 Comments »

Swiss National Bank Intervenes in Currency Market

Date March 12, 2009

Switzerland has officially adopted a beggar thy neighbor policy approach by intervening in the currency market. This morning, they cut interest rates by 25bp to 0.25 percent matching U.S. levels. They have officially embarked on Quantitative easing and will be buying domestic and foreign bonds (fully synopsis of SNB rate decision) . [...]

Posted in Forex Technicals, Swiss Franc, eurchf, forex blog, forex signals, swiss national bank, usd/chf Comments 2 Comments »

EUR/CHF on a Tear - The Swiss Are Going Crazy

Date January 30, 2009

The Swiss are going crazy because they can’t figure out what to do with their currency. Yesterday, EUR/CHF collapsed after SNB President Roth ruled out intervention. This morning, the currency pair completely reversed its earlier losses because the Finance Minister said that the government would support the SNB in selling Swiss Francs. [...]

Posted in Forex Technicals, Swiss Franc, eurchf, forex blog, swiss national bank Comments 1 Comment »

EUR/CHF Tanks After SNB Comments

Date January 29, 2009

Like Florida weather, the Swiss National Bank can’t make up their mind about whether they want to intervene in the currency market or not. Last week, the Swiss franc collapsed after SNB Vice President Hildebrand said point blank that “they could also intervene in the currency markets to prevent “renewed appreciation” of the franc. [...]

Posted in Forex Technicals, Swiss Franc, eurchf, forex blog, swiss national bank Comments 1 Comment »