Eur/chf - Rare opportunity ? | Currency Futures


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Eur/chf - Rare opportunity ?

  #15 (permalink)

Oslo
 
Trading Experience: Advanced
Platform: NinjaTrader
Favorite Futures: Forex
 
aediaz1's Avatar
 
Posts: 57 since Apr 2011
Thanks: 20 given, 39 received


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Not sure about eur/chf, but I can tell CHF is in trouble against USD. Reason: A good chunk of money stolen during US (and now the Wolrd) economy collapse found its way into Swiss banks. Now that the bottom is falling off inside the Euro zone, the thieves are getting nervous and bringing the money back to the safe keepers in USA, thus the fall of CHF. See the weekly chart attached. The CHF has been high for too long piling up scare and stolen money that is now leaving Swiss.

The bottom line, CHF will not, and does not have the capacity, to remain the piggy bank for the rest of the world, so watch out!

To my information, this was caused by SnB intervention. I can't imagine "thief's" moved chf 1000's of pips.

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