And just last week they said "shit, we'll just have to live with a strong Franc"

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I agree fully with what you're saying here. Why would they even attempt though? Just to show that they attempted to try? everytime a CB intervenes it's a waste but they keep doing it anyway after they do their talking... maybe they just don't want ...

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mine is fine

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After some reading over the weekend it was expected to be a possibility for SNB to intervene this week, some thought Monday would have been perfect as it was US holiday and illiquid.... but no, they waited for tuesday. Not that this ties into ...

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Cool thanks for knowledge. They will have to spend a serious amount to hold EUR/CHF at 1.2 as well I would think, but they are saying they are serious and will do what it takes, buying unlimited amounts of foreign currencies... which in effect would ...

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lol

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Got you, thanks. Yea a lot of the media is actually using the word peg as I am seeing but DJ didn't actually say peg about EUR/CHF or any of the other sources I use didn't either. But, DJ or UBS said peg about the franc to the DM though in that clip ...

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Oh, well then DJ is a piece of shit... thanks for the clarification. I thought you were saying just now they didn't actually "peg" it yet, just set a target

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lol 5 years later...

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The Swiss National Bank's EUR/CHF floor may be successful, if the 1978 experience of pegging the franc to the Deutsche mark is anything to go by, UBS says. "The SNB should be successful in defending this level. However, the risks for this strategy ...

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lol it all started from the about-face.. classic maneuver.. it was telling.....

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yes, thank you SNB... glorious... but i'm out now... image

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Thank you Sofia.

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I don't know if the operational twist will be that dollar bearish but full blown QE3 would be. I would pay more attention to ECB meeting and issues with peripheral debt, etc. a lot of crap going on right now.

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lol really? who on twitter has this ish?

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anyone hear of this: Rumours of a high-profile merger between two French banks helping support European equity markets in early trade, with stock gains pushing the Euro higher and EUR/USD moving into the low-1.41s to threaten stops 1.4110/15+. Above ...

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Not an argument chill... I was just saying TA doesn't tell me we are seeing 4500 again. We def might but it wont be from TA alone.

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I don't care much for the TA standpoint... there are reasons for macro buyers to buy and it's not TA, of course everyone has there eye on it don't get me wrong.

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it will need more then that

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got ya, oanda's is a bit different but i don't really follow the 4hour but I checked the FF feed, that starts at 1am est also. I just use a 3 or 8hour and daily for bigger levels, high's/lows etc... not a big bar/candle PA guy... just general PA at ...

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