EUR/CHF: One Year of Free Market (07/2010-07/2011): October 2010
EUR/CHF Up On Day; Talk Of 1.3700 Option Interest EUR/CHF up at 1.3680 from early 1.3635. Talk of 1.3700 option interest. Guess we should expect some defensive selling to kick in then. By Gerry...
View ArticleEUR/CHF: One Year of Free Market (07/2010-07/2011): November 2010
EUR/CHF Continues Lower Presently down at 1.3055 from early 1.3090, having been as low as 1.3037 so far. Earlier I was reading comments made by UBS economist Huenerwadel, who said “At least from a...
View ArticleSwiss Franc Surges to Record High (December 2010)
Dec. 29th 2010 Extracts from the history of the Swiss franc (December 2010) In the last two weeks, the Swiss Franc rose to record highs against not one, not two, but three major currencies: the US...
View ArticleEUR/CHF: One Year of Free Market (07/2010-07/2011): December 2010
Hildebrand Unable To Unload ‘Burden’ Of Record Franc As GDP Seen Slowing Bloomberg article. EUR/CHF down at 1.2595 from early 1.2635. Just reading UBS forex strategists say they are bearish the cross,...
View ArticleEUR/CHF: One Year of Free Market (07/2010-07/2011): January 2011
ForexLive Asian Market Open: Risk Aversion To The Fore Fears of an escalation of the troubles in Egypt and a possible spread throughout the region have led to some risk aversion in early interbank...
View ArticleHas the Swiss Franc Reached its Limit? (February 2011)
Feb. 6th 2011 Extracts from the history of the Swiss franc (February 2011) The second half of 2010 witnessed a 20% rise in the Swiss Franc (against the US Dollar), which experienced an upswing more...
View ArticleEUR/CHF: One Year of Free Market (07/2010-07/2011): February 2011
February 2011 EUR/USD Outlook EUR/CHF looks like its forming important technical support at 1.2700 and should go higher. EUR/GBP and EUR/JPY are best described as choppy but the EUR/AUD is also...
View ArticleEUR/CHF: One Year of Free Market (07/2010-07/2011): March 2011
March 2011 Swiss KOF Leading Growth Indicator 2.24 In March Up from revised 2.19 in February (initial 2.18.) Stronger than median forecast of 2.15. Bit of a surprise. EUR/CHF lower, presently at...
View ArticleEUR/CHF: One Year of Free Market (07/2010-07/2011): April 2011
Quick Look At The Order Board EUR/USD: At least two sizeable barriers at 1.4550; light stops immediately above 1.4555; decent-sized offers near 1.4600 AUD/USD: Decent-sized bids from option players...
View ArticleSwiss Franc at record highs (May 2011)
May. 27th 2011 Extracts from the history of the Swiss franc (May 2011) This month, the Swiss Franc touched a record high against not one, but two currencies: the US dollar and the Euro. Having risen by...
View ArticleEUR/CHF: One Year of Free Market (07/2010-07/2011): May 2011
May 2011 ForexLive Asian Market Open: Analysis With Fries Just brilliant Jamie Australian GDP this morning and the market is now gearing itself for a poor number after yesterday’s data and weekend...
View ArticleEUR/CHF: One Year of Free Market (07/2010-07/2011): June 2011
Specs Scrambling For Cover In EUR/CHF The Armageddon trade is being taken off in dramatic size in thin-month-end markets, driving EUR/CHF above 1.2200. USD/CHF is nearing resistance at 0.8440. Traders...
View ArticleEUR/CHF: One Year of Free Market (07/2010-07/2011): July 2011
ForexLive Asian Market Open EUR/USD is trading around 1.4390 and USD/JPY is at 77.20 as the market awaits the latest developments out of Washington. Risk pairs like EUR/JPY and EUR/CHF are likely to be...
View ArticleEUR/CHF: A History of Interventions: August 2011: the Top
EUR/CHF Kicked Lower Again Hitting a new low this week of 1.1545 and is down over 300 pips on the day. The moved largely initiated by a major swiss name earlier apparently in conjunction with a...
View ArticleEUR/CHF: A History of Interventions: September 2011: The Floor Introduction
SNB Spotted In The Cross Today… Traders say the SNB was seen on the bid in lumpy size on the quick slide toward 1.2120 shortly after the open of US equity cash markets at 13:30. We’ve quickly bounced...
View ArticleEUR/CHF Markets Betting on Floor Hike: October 2011
October 2011 Looks Like Market Exercising The Free EUR Put The SNB Bought For It EUR/CHF has been under pressure for the the last two weeks despite Herculean efforts by the EU/IMF to bailout the euro...
View ArticleEUR/CHF, A History, Market Betting on Floor Hike: November 2011
Rumour Of A Softer KOF Swiss Leading Indicator… Expected 0.63 vs previous 0.80, but the number now being touted is 0.35 EUR/CHF is getting a leg up on this around 1.2283 now from 1.2260 earlier By...
View ArticleEUR/CHF, Market betting on Floor Hike, December 2011
Four Trades For 2012: #2 Sell The Swiss Franc I bought EUR/CHF shortly after the 1.20 peg was introduced and have held it ever since. My only regret has not been trading the range more aggressively. At...
View ArticleEUR/CHF, A History, Market Betting on Floor Hike: January 2012
1.2034 The EUR/CHF Low As Risk-Off Resumes 1.2025 barrier supposedly in play while the 1.2000 peg below will act as a magnet if broken. There is something about the forex mindset that prompts markets...
View ArticleEUR/CHF, A History, Market Betting on Floor Hike: February 2012
EUR/CHF Busy Doing Jack; Jordan Gobbing Off Later EUR/CHF sits at 1.2048, some 7 pips easier from when I started out. Barrier option interest sits at 1.2025 and ofcourse 1.2000. SNB interim head honcho...
View ArticleEUR/CHF, A History, Market Betting on Floor: March 2012
Nomura Touts EUR/CHF Longs Strategists there advise going long around the current levels, they say the floor will not break. They target 1.24. I have to agree. To me, it’s a question of buying low or...
View ArticleEUR/CHF, A History of Interventions: May 2012
FT A Wee Bit Late To The Party… Notices Europeans have been buying Swiss francs and dollars. Who knew? By Jamie Coleman || May 30, 2012 at 19:43 GMT AUD/USD, NZD/USD Dragged Higher As EUR Recovers As...
View ArticleEUR/CHF, A History of Interventions: What markets say, June 2012
SNB In A Bind With Euro Holdings Today’s reserve data showed skyrocketing reserves at the Swiss National Bank as they defend the EUR/CHF floor. Reserves were at 365B francs at the end of Q2 compared to...
View ArticleEUR/CHF, A History of Interventions: What markets say, July 2012
More Chatter About The EUR/CHF Peg The FT reports that Switzerland is ‘new China’ in currencies Chatter that the SNB was buying 3 billion francs worth of euros per day. “The picture is one of a central...
View ArticleSwiss Franc History: The long-term view and the comparison with gold
We establish a long-term view and history of the Swiss franc. We compare the franc with gold.
View ArticleSwiss Franc History, 1970s: Due to US Stagflation CHF Strengthens Massively
We shows the massive appreciation of Swiss franc and German mark in the 1970s, the reasons were: stagflation and the wage-price spiral.
View ArticleVolckers Attack on Stagflation
In this chapter we describe how Volcker managed to defeat stagflation; he applied the monetarist models that had been applied successfully in Switzerland and Germany. Thanks to this effort, the dollar...
View ArticleSwiss Franc History: Volcker Shock, Oil Glut and the Breakdown of Gold and...
After the Volcker moment or sometimes called "Volcker shock", commodity prices plunged, the gold price collapsed. Thanks to additional supply, e.g. from Northsea oil, a so-called oil glut appeared....
View ArticleSwiss Franc History 1986-1996: Swiss real estate Boom and Bust
A critical Swiss franc history: This chapter describes the most controversial episode in the Swiss monetary history: How the Swiss National Bank helped to wreck the Swiss real estate market in the 1990s.
View ArticleSwiss Franc History: Weak German and Swiss growth between 1996 and 2004
A critical Swiss Franc History: Between 1996 and 2004 Switzerland and its main trading partner and FX proxy Germany saw slower growth compared to other European countries. We explain the reasons
View ArticleSwiss Franc History, from 2004 to 2009: The undervalued franc
A Critical History of the Swiss Franc: During the "global carry trade" period between 2004 and 2007, the euro strongly appreciated against the Swiss franc. Most astonishingly this happened, despite the...
View ArticleSwiss Franc History, 2000-2007: The sale of the Swiss gold reserves
A critical Swiss Franc History: Between 2000 and 2007, the SNB made the Swiss cantons happy and delivered some billions of francs to prop up their finances. The gains were unfortunately not caused by...
View ArticleHistory of SNB Interventions
High inflows of around 400 billion francs between 2009 and 2012 in the Swiss balance of payments could only be countered with an increase in reserve assets and interventions by the Swiss National Bank....
View ArticleSwiss Franc History: The Gold Standard and Bretton Woods
In this post we will show the history of the Swiss Franc until 1971, a monetary era driven by the gold standard and the Bretton Woods period, both periods with nearly fixed exchange rates.
View ArticleThe Secret History Of The Banking Crisis
Accounts of the financial crisis leave out the story of the secretive deals between banks that kept the show on the road. How long can the system be propped up for? It is a decade since the first...
View ArticleSwiss Franc Touches Record High, Nears Parity (September 2010)
Sep. 9th 2010 Extracts from the history of the Swiss franc (September 2010) In the year-to-date, the Swiss Franc has risen 3% against the Dollar, 15% against the Euro, and more than 5% on a...
View ArticleEUR/CHF, a Year of Free Market (07/2010-07/2011): September 2010
Cable Showing Signs Of Tiredness Cable rallied above 1.5900 in the early European rush to sell EUR/GBP but the sharp fall since doesn’t bode well for the short term bulls. I personally have exited most...
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