The 1st Q reserve numbers for the Swiss National Bank tell an interesting story. For a second quarter in a row, the foreign reserves have declined.
There is only one way that this could have happened; the SNB offloaded a portion of the EURCHF posit…
Tag Archive for Peg
Bruce Krasting, Contributors- Economic and Financial, Must Read
Houston – We have a problem, in Switzerland
by Bruce Krasting • • 0 Comments
The ‘risk off’ trade is commanding the markets. A subtle, but interesting example is the EURCHF.
For four days the EURCHF has held to 1/8th percent away from the official 1.2000 peg. It sits at 1.2016 as I write.
Wherever you look, from China to…
Bruce Krasting, Contributors- Economic and Financial, Must Read
Betting on the race to the bottom
by Bruce Krasting • • 0 Comments
On Monday and Tuesday the market’s attention will be on the USA and the negative economic implications of the Nonfarm payroll (NFP) miss. Market eyes will also be focused on the bond markets in Italy and Spain. As of last Thursday, Europe seemed to b…
Bruce Krasting, Contributors- Economic and Financial, Must Read
On FX
by Bruce Krasting • • 0 Comments
There was a mini flash crash in the EURCHF cross this morning. Two charts on the price move:
(Link and Link)
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I was watching markets on a screen. When I saw the EURCHF price break I called a lady I know on an FX desk. She picked up t…
Bruce Krasting, Contributors- Economic and Financial, Must Read
Entering the Intervention Zone
by Bruce Krasting • • 0 Comments
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One Around Two
We are near the edge on a few situations in the FX markets. I’m watching the EURCHF and the USDYEN.
The market traded EURCHF to a low of 1.2032 today. It closed at a (slightly) safer 1.2044. I would not be surprised to see this cro…
Bears Chat, Best of the Forums
Swiss Franc Plunges
by Bears Chat at The Wall Street Examiner • • 0 Comments
The Swiss franc tumbled, dropping the most ever against the euro, after the nation’s central bank set a minimum exchange rate of 1.20 per euro and said it will defend the target with the “utmost determination” if needed.
Switzerland’s curren…
