sorry gang - theres no more signature area for a month - I have received a warning so my apologies again to the moderators for my lack of knowledge regarding the protocol here - I will read all the Rules again and ensure no further breaches - I thought that registering as a vendor/trainer was sufficient and that showing a website was ok - apologies again 😢
Oooh slapped wrist. So if we can trick you into mentioning your new website again, that means you'll get banned?
What was the URL again? 😆
On a less frivolous note, the Swiss must have gone mad. Haven't they heard of Soros? He must be having a good chuckle, and wondering how many gazillions EUR/CHF he can sell at 1.20. What can the Swiss possibly have up their sleeve apart from a few trillion? Maybe they're in talks with the Chinese about making their currency the new official global reserve currency instead, and then they'll just pull the Swiss Frank off the market.
i'll talk about this later on when more time ...........the FXcorrelator teaches us that there are more than 2 currencies involved in relative strength trading and I can assure you it wasnt just the euro they were buying on that move
jees they are putting their hand in the fire here .......:whistling
N
I'm not sure why it boosted the Euro against the USD - and had strange and interesting impacts on other pairs. Haven't read any news - presumably they were selling CHF for EUR, and as the EUR/CHF rose .... er presumably there was a lot of arbitrage going on as the Swissie got out of whack across the big pairs. But it's interesting that the EUR/USD rose so much. My guess is that the SNB was buying equal amounts of EUR, USD and JPY and for some reason the supply of EUR was not as great as the supply of USD, hence the EUR/USD shot up.
But I await the correlator's final analysis with baited breath.
Horrible day for me today. I really hate it when all the big players come in and start to manipulate the market - moves on CHF and EUR this week - little schmucks like me just don't stand a chance.