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  #141  
Old 26.01.2015, 16:52
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Re: Investing now that the SNB has removed the Euro peg [Merged threads]

It's most likely only due to SNB intervention today as they've been flogging off Swiss Francs. Who knows how much longer the trend will continue?
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  #142  
Old 26.01.2015, 17:00
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Re: Investing now that the SNB has removed the Euro peg [Merged threads]

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It's most likely only due to SNB intervention today as they've been flogging off Swiss Francs. Who knows how much longer the trend will continue?
links to read?
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  #143  
Old 26.01.2015, 17:03
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Re: Investing now that the SNB has removed the Euro peg [Merged threads]

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links to read?
I read a number of articles from the last couple of hours suspecting SNB intervention. But only suspicions.
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  #144  
Old 26.01.2015, 17:05
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Re: Investing now that the SNB has removed the Euro peg [Merged threads]

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I read a number of articles from the last couple of hours suspecting SNB intervention. But only suspicions.
care to share them?

I thought the reason would be because of all the expats selling their CHF's to buy property back home
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  #145  
Old 26.01.2015, 17:10
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Re: Investing now that the SNB has removed the Euro peg [Merged threads]

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CHF IS dropping (or EUR rising; not sure what's right, haven't compared with other currencies; you can say "EUR per CHF" is for sure going down ), as you can see at least in this moment.
The interesting one is GBP/CHF is which is up nearly 2.4% on the day. This is outpacing USD (slight) and EUR (middling).
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  #146  
Old 26.01.2015, 17:20
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Re: Investing now that the SNB has removed the Euro peg [Merged threads]

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The interesting one is GBP/CHF is which is up nearly 2.4% on the day. This is outpacing USD (slight) and EUR (middling).
Looks like the EUR/CHF is up more than 3% today:

http://finance.yahoo.com/echarts?s=CHFEUR%3DX+Interactive#{%22scale%22%3A%2 2linear%22}
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  #147  
Old 26.01.2015, 17:29
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Re: Investing now that the SNB has removed the Euro peg [Merged threads]

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How can the EURO not drop further against the CHF, with all the money they intend to print? It does not seem like it will have any effect to the underlying economy. All the while, the SNB is likely pressured to offload hundreds of billions of EUROs, further devaluing it. It seems the things that would prop it up are announcements of structural changes. But until then, any reason to think the EURO will rise, or the CHF drop?

In other words, should I exchange now, or exchange later?
Markets are always nervous & fluctuate. I make money by betting against the market when I think the price is wrong, I did this with the majority or my money investing in Apple stock 18 months ago. At the time Apple was finished. If the euro dropped to 50 rapper in the next year I would make a major investment in Euro, anything above 50 rappen is probably reasonably valued.
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Old 26.01.2015, 17:38
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Re: Investing now that the SNB has removed the Euro peg [Merged threads]

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Looks like the EUR/CHF is up more than 3% today:

http://finance.yahoo.com/echarts?s=CHFEUR%3DX+Interactive#{%22scale%22%3A%2 2linear%22}
Sorry, you're right, my ticker was stuck. (Good job I'm not trading it!). Of course, as always, the real volatility star was XBT (30% band (mainly up) over the previous day).
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Old 26.01.2015, 17:41
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Re: Investing now that the SNB has removed the Euro peg [Merged threads]

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care to share them?

I thought the reason would be because of all the expats selling their CHF's to buy property back home
For example, http://www.fxstreet.com/news/forex-n...c-88ace90ad346
Currently, the EUR/CHF spiked to record fresh daily highs at 0.9962 levels, 1.33% on the day. The pair climbed higher immediately after the data from Swiss Central Bank revealed that the amount of cash commercial banks hold with the Swiss National Bank rose the most since at least March 2013 last week, indicating the central bank may have intervened to keep the franc down despite scrapping a cap against the euro. The SNB can expand sight deposits through foreign exchange swap and repurchases of its own debt.
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  #150  
Old 26.01.2015, 17:45
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Re: Investing now that the SNB has removed the Euro peg [Merged threads]

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Markets are always nervous & fluctuate. I make money by betting against the market when I think the price is wrong, I did this with the majority or my money investing in Apple stock 18 months ago. At the time Apple was finished. If the euro dropped to 50 rapper in the next year I would make a major investment in Euro, anything above 50 rappen is probably reasonably valued.
Aka the Baron Rothschild trading strategy - "Buy when there's blood on the streets". It's pretty much the best trading strategy there is.
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  #151  
Old 26.01.2015, 18:49
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Re: Investing now that the SNB has removed the Euro peg [Merged threads]

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links to read?
Look here (German language)
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  #152  
Old 26.01.2015, 22:27
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Re: Investing now that the SNB has removed the Euro peg [Merged threads]

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Look here (German language)
and here (English)

26 Billion in one week
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  #153  
Old 27.01.2015, 06:34
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Re: Investing now that the SNB has removed the Euro peg [Merged threads]

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and here (English)

26 Billion in one week
Nice. Keep doing it guys; there are a lot companies suffering right now. After all, what's the worst that can happen? Oh yea, somebody suffers wrist ache from signing it off and they wear out a keyboard on the 'central bank printing machine'!

I'd fire-up the helicopters too...
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  #154  
Old 27.01.2015, 10:05
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Re: Investing now that the SNB has removed the Euro peg [Merged threads]

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I currently get a better rate at my company's ATM than on any of the currencyfair, transferwise or ozforex portals
(1.007 CHF = 1 EUR)

Should I go "all in"? (if I intend to open a savings account in euros back home)
I went "half in", and happy to have gone, at least from what I can see going on today.
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