19 years in trading
The Swiss National Bank (SNB) is maintaining its expansionary monetary policy, with the aim of stabilising price developments and supporting economic activity. Interest on sight deposits at the SNB is to remain at –0.75% and the target range for the three-month Libor is unchanged at between –1.25% and –0.25%. The SNB will remain active in the foreign exchange market as necessary, while taking the
Read moreIn about 20 minutes (07:30 h GMT), we have an SNB Interest rate decision and Press Conference. Previous key rate is -0,75%! Could we see more cut from Jordan, he said that Swiss Franc is to strong and that it hurts Swiss economy. Let’s see the SNB’s decision!? >>> Edit: 07:40 h (GMT) – SNB leaves Interest rate unchanged at
Read moreEach new day we assure that SNB’s move was ‘the right’ decision. Yes, you wish it is Mr.Jordan. According to Bloomberg, SNB may cut deposit rate to -1,50%, from -0,75% if the Swiss Franc goes to the ‘wrong’ direction’, or to be clear, if the Swiss Franc strengthened against the Euro. As I wrote about this before in February 08., SNB
Read moreToday at 17:00 GMT! This is the men who broke several FX brokers and destroyed thousands of traders when he decided to remove SNB’s EUR/CHF 1.2 cap. Sure, his move was fully legit, but the way of execution didn’t, that’s for sure. Be aware of possible strong moves at CHF pairs, who knows what ‘surprises’ Mr. Jordan could launch again!?
Read moreThese are the words from the SNB’s Jordan after they removed the 1.20 eur/chf peg, when Swiss franc causes panic on global markets. But, 15 days latter he is not that conviced in that decision. Talking on the SRF yesterday, head of the SNB Thomas Jordan said, that they are ‘observing’ the exchange rate situation, but he mentioned for several
Read moreSNB removes 1.20 cap and that was the trigger for gold bulls. Supported again at 1226 for the third day in a row, after the news from Switzerland gold is literally flew through previous reisistance at 1244 and touch 1260.90, the high of the day. At this moments gold is cooling down and searching for the new support on the way
Read moreWow, wow, wow! Is that surprise or what!? EUR/CHF falls to 1.0200, USD/CHF to 0.8400! Is this might be expected? I wrote how the peg is in danger for two times in the last 30 days and how the SNB is doing everything to save it. Well, they obviously decided to remove the same. Edit: It seams that EUR/CHF is
Read moreI wrote before two days, that SNB’s peg is in danger and that SNB must be on alert! Whell, SNB defended the peg today by cuting rates at negative (-0,25%). The pair is literally jumped 90 pips in 10 minutes, but I didn’t want to write anything before it’s settles down. Celebration didn’t last long and the pair is pulled
Read moreWith 1.2004 low today, SNB can’t be peaceful and must be on the alert. Is the peg in danger and can it be broken? If we can remember April 05. 2012. yes it can! With low 1.997 at that day, we sow that ‘the miracle’ is possible here. I read one time, that SNB stands at 1.2 with 40 billion euros,
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