EUR/CHF Spike this morning?

[scose-no-doubt]

re they pi55ing around with things again?

 

[Martinghoul]

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]

Which begs another question. Why the hell don't the SNB have outstanding bonds?

 

[Martinghoul]

A central bank doesn't normally issue bonds, so there's nothing strange in the SNB having no outstanding debt.

 

[Black Swan]

Which begs another question. Why the hell don't the SNB have outstanding bonds?

Can't keep up with the ..ahem...*safe haven* demand for the currency? Could end up more like shaven haven...

 

[scose-no-doubt]

A central bank doesn't normally issue bonds, so there's nothing strange in the SNB having no outstanding debt.

Duuuuuuuun lol. I must have eaten whatever the other retard had lol

 

[arabianights]

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]

What regulations? Whats the yield?

 

[Martinghoul]

Here you go:
http://www.snb.ch/en/ifor/shares/capdiv

Let's get involved...

 

[scose-no-doubt]

Thats really not bad.

 

[NadirTradenext]

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

 

[counter_violent]

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

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]

I am using Tradenext Global's demo at the moment. It seems pretty good what do you think
http://tradenextglobal.com/index.html

 

[Martinghoul]

What interventions? We haven't had one of those for a while now. Not sure the SNB has any bullets left here.

 

[counter_violent]

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]

What interventions? We haven't had one of those for a while now. Not sure the SNB has any bullets left here.

Hi Martin, the link to the post with the charts was April 1st. Intervention day.
Just to clear that up.

cheers

 

[Martinghoul]

Hi Martin, the link to the post with the charts was April 1st. Intervention day.
Just to clear that up.

cheers

Sure, c_v, I got that... I just thought the discussion was about ongoing intervention trades in EURCHF.

 

[counter_violent]

Sure, c_v, I got that... I just thought the discussion was about ongoing intervention trades in EURCHF.

OOps my mistake...I was addressing NadirTradenext and not the O P.

 

[counter_violent]

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]

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.

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