scose-no-doubt
Veteren member
- Messages
- 4,630
- Likes
- 954
re they pi55ing around with things again?
EUR/CHF Spike this morning?
- Thread starter scose-no-doubt
- Start date
- Watchers 7
Martinghoul
Senior member
- Messages
- 2,691
- Likes
- 276
Nah, it was a funny story about S&P withdrawing their AAA rating from the SNB (the Swiss CB). Someone thought that it meant smth, which is kinda funny, if you think about it. In reality, it's just a result of the SNB having no bonds outstanding, which means there's no point in having a rating.
scose-no-doubt
Veteren member
- Messages
- 4,630
- Likes
- 954
Which begs another question. Why the hell don't the SNB have outstanding bonds?
Martinghoul
Senior member
- Messages
- 2,691
- Likes
- 276
A central bank doesn't normally issue bonds, so there's nothing strange in the SNB having no outstanding debt.
B
Black Swan
Can't keep up with the ..ahem...*safe haven* demand for the currency? Could end up more like shaven haven...
scose-no-doubt
Veteren member
- Messages
- 4,630
- Likes
- 954
Duuuuuuuun lol. I must have eaten whatever the other retard had lol
arabianights
Legendary member
- Messages
- 6,721
- Likes
- 1,380
You can buy a share in the SNB if you like, and due to regulations on dividend said share basically acts like a perpetual bond... except you can go the SNB annual meeting with it. Only cost you about a grand as well.
scose-no-doubt
Veteren member
- Messages
- 4,630
- Likes
- 954
What regulations? Whats the yield?
Martinghoul
Senior member
- Messages
- 2,691
- Likes
- 276
scose-no-doubt
Veteren member
- Messages
- 4,630
- Likes
- 954
Thats really not bad.
NadirTradenext
Newbie
- Messages
- 5
- Likes
- 1
hi there
i'm very new to trading just started about 4 months ago. just wanted to know if i should buy or sell eur chf at the moment
i'm very new to trading just started about 4 months ago. just wanted to know if i should buy or sell eur chf at the moment
counter_violent
Legendary member
- Messages
- 12,636
- Likes
- 3,780
Plenty on this thread ref swissy.
Are you sure you want to trade it :whistling
Post No 33 charts showing intervention.
http://www.trade2win.com/boards/gen...rolls-cautionary-warning-re-slippage-etc.html
NadirTradenext
Newbie
- Messages
- 5
- Likes
- 1
I am using Tradenext Global's demo at the moment. It seems pretty good what do you think
http://tradenextglobal.com/index.html
http://tradenextglobal.com/index.html
Martinghoul
Senior member
- Messages
- 2,691
- Likes
- 276
What interventions? We haven't had one of those for a while now. Not sure the SNB has any bullets left here.
counter_violent
Legendary member
- Messages
- 12,636
- Likes
- 3,780
A chart's still a chart. Come good trades around the interventions.
Psmith
There are no good trades around interventions as far as newbies are concerned. I was merely suggesting that the O P, being a newbie, should not even consider trading the swiss in times like this.
Rabbit / Headlights, and all that jazz. The whole move over in less than 2 mins.
counter_violent
Legendary member
- Messages
- 12,636
- Likes
- 3,780
Hi Martin, the link to the post with the charts was April 1st. Intervention day.
Just to clear that up.
cheers
Martinghoul
Senior member
- Messages
- 2,691
- Likes
- 276
Sure, c_v, I got that... I just thought the discussion was about ongoing intervention trades in EURCHF.
counter_violent
Legendary member
- Messages
- 12,636
- Likes
- 3,780
OOps my mistake...I was addressing NadirTradenext and not the O P.
counter_violent
Legendary member
- Messages
- 12,636
- Likes
- 3,780
Why ? it was still going up and down the last time I looked
Yeah thats kind of the problem. Hope you never get caught in one
4xpipcounter
Experienced member
- Messages
- 1,557
- Likes
- 29
Go long at 1.2965. Watch for momentum. If it is good, then you'll make a grip of pips. If momentum is not good, take profits at that point, then wait for next move DOWN, and get in again. The eventual move UP is giong to be huge.
