Was that Intervention in EUR/CHF?

January 29th, 2010 admin

There was a sharp move intraday in EUR/CHF that smells like intervention…but was it? SNB member Hildebrand and the Bank of International Settlement has declined to comment on the move in the Swiss Franc. The first chart shows today’s price action in EUR/CHF and the second shows the price action of EUR/CHF when the SNB intervened back in March. The move in March was much bigger – 400 pips compared to


Originally posted on KathyLien

 
  Related Posts
SNB: Intervention Back on the Table
SNB: Intervention Back on the Table
Pull up a 1-year chart of the Euro against the Swiss Franc, and you’ll quickly notice a salient trend: the exchange rate has hovered slightly above €1.50 since last March, with three notable deviations. The first occurred last March, when the Swiss National Bank (SNB) intervened in currency markets on behalf of the Swiss Franc, causing... 
Japanese Yen: Intervention is Imminent?
Japanese Yen: Intervention is Imminent?
I last mused about the possibility of Japanese Yen intervention in June ( Japanese Yen: 90 or 95? ): “It seems that anything between 90 and 95 is acceptable, while a drop below 90 is cause for intervention.” Since then, the Japanese Yen has fallen below 86 Yen per Dollar (the USD/JPY pair is now down 7% on the year), and analysts are... 
SNB Intervenes in the Swiss Franc!
SNB Intervenes in the Swiss Franc!
Last week we raised the question of what the Swiss National Bank is waiting for and why they haven’t intervened . In that article we said “ Everyone has an uncle point and for the SNB there is no question that we are nearing that level… ” At that time, EUR/CHF was trading at 1.4272 and apparently today’s record low... 
GBP/USD Breaks Up Towards Big Barrier
The British Pound enjoyed the mild FOMC Statement in the US to break above a minor resistance line and approach a much bigger one. Events ahead will probably stop it. Update. GBP/USD broke last week’s high of 1.5220 and is now trading above 1.5250. This is the highest level in two and a half weeks, the highest in March so far. 1.5220 is a small... 
Swissy Surges After Rate Decision
The Swiss Franc made a leap after the rate decision. USD/CHF plunged by about 100 pips to 1.1230 and EUR/CHF also fell by about 100 pips to 1.3780, about 50 pips above the all time low set last week. The Swiss National Bank (SNB) left the Libor Rate unchanged at 0.25% and while they said they would do “everything” to keep price stability,... 
Japanese Yen: Will We See Intervention?
Japanese Yen: Will We See Intervention?
The Japanese yen has fallen 5% against the Dollar over the last month, and 10% since touching a record high in November. Since this certainly isn’t explainable in the context of the EU debt crisis, what’s going on?! The primary factor behind the Yen’s decline appears to be seasonal, given the “end of the Japanese fiscal... 
USD/JPY – Uptrend Bullishness
USD/JPY – Uptrend Bullishness
Price action on USD/JPY, a daily chart of which is shown, has continued to follow a rough uptrend support line extending from the early March low just above 88.00. More recently, after breaking out above a long-term parallel downtrend channel in late March, price shot up to reach a high just below 95.00 in early April. Finally, early last week... 
AUD/USD – Consolidation After Large Gap
AUD/USD – Consolidation After Large Gap
Price action on AUD/USD, a daily chart of which is shown, has consolidated after a very substantial gap opened the trading week. Monday’s (6/21/2010) price action opened around 100 pips above the prior week’s close, but quickly pulled back and began filling the gap. Tuesday morning’s (6/22/2010) price action, as of early New York session,... 
GBP/USD – Correction within Strong Accelerated Downtrend
GBP/USD – Correction within Strong Accelerated Downtrend
Price action on GBP/USD, a daily chart of which is shown, has made a bullish correction since the beginning of March after having dipped well below the key 1.5000 psychological level on March 1st. This bullish correction exists within the context of a steep accelerated downtrend in the pair. After having corrected up to approach the 1.5200 price... 
EUR/USD Breakout Alert – Candle Breakout Technique
EUR/USD Breakout Alert – Candle Breakout Technique
Guest post by Jason Madison, independent trader and founder of BeatWallStreetNow.com Hello Everyone, By now you all should be familiar with the inside candle breakout technique I showed you in my previous posts, and hopefully you have been making some pips with it. Today I am going to alert you to breakout that is going to happen in the Eur/Usd... 
  Related Tweets from Twitter
fxdaily (dailyfx)  : How Election Outcomes Could Affect AUD and JPY http://is.gd/eTFBJ..
Updated : 2010-09-03T19:45:13Z   |  Reply  |  View Tweet
aea59 (aea mu)  : RT @kathylienfx: How Election Outcomes Could Affect AUD and JPY http://t.co/kTfKcQE..
Updated : 2010-09-03T14:26:27Z   |  Reply  |  View Tweet
kathylienfx (Kathy Lien)  : How Election Outcomes Could Affect AUD and JPY http://t.co/kTfKcQE..
Updated : 2010-09-03T14:22:52Z   |  Reply  |  View Tweet
aea59 (aea mu)  : Very Good Non-Farm Payrolls Report | Kathy Lien http://ow.ly/2z4xU..
Updated : 2010-09-03T13:47:03Z   |  Reply  |  View Tweet
anusreembt (anusree)  : CNBC Interview on Surge in FX Volume | Kathy Lien: Here is a great interview featuring my colleague Boris Schlossb... http://bit.ly/bFfxka..
Updated : 2010-09-03T04:11:19Z   |  Reply  |  View Tweet
  Related News from Digg
No comments yet.

Spam Protection by WP-SpamFree

TOP