EUR/CHF – Strong bids reported at 1.2019-21

The Morgan Stanley FX Heatmap is picking up bids in good size from 1.2021 down to 1.2019. For more institutional order flow updates, see http://www.fxww.com/fxww-product/chatroom/ …
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SNB comments on the upcoming Gold ref by Milan Cutkovic

Switzerland will vote soon on a referendum that wants the SNB to keep 20 % of its assets in Gold. SNB officials were again on the wires earlier this morning, saying that if the ref …
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EUR/CHF weaker this morning, solid support at 1.2050 by Milan Cutkovic

No particular reason for the EUR/CHF weakness this morning, but dealers are expecting to see very decent bids into 1.2050 and down to 1.2040, which held the last few times. Probabl …
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EUR/CHF – Jordan says SNB hasn’t intervened since 2012 by Milan Cutkovic

SNB Chairman Jordan mentioned earlier today that the SNB has not intervened in the FX market since 2012 The bank enjoys high credibility and verbal intervention has been enough so …
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EUR/CHF bid this morning on SNB expectations by Milan Cutkovic

From Morgan Stanley’s Spot Desk: EUR/CHF curiously bid here, even though it usually gets dragged lower with USD/CHF when Euro moves higher. This suggests people are putting on th …
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Commerzbank: Market bought EUR/CHF on old news

Commerzbank’s strat team thinks the market overreacted a bit yesterday when the EUR/CHF rallied on comments that the SNB is ready to make use of negative depo rates if needed. Wi …
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EUR/CHF – 1.2050 holding for now

1.2050 is holding for now Rumors of possible SNB demand near that level earlier this week Consolidating around 1.2053/54 for now, as market is waiting for comments from Russian off …
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Citibank: Going long EUR/CHF

From Citibank’s NY strategist Donnelly: I would guess there is some discomfort in the offices of the SNB right now as Europe has loaded up its QE cannon and is ready to fire the …
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EUR/CHF – Talk of large SNB orders at 1.2060

The SNB is perhaps not sleeping after all…there is talk amongst traders that the CB has large buy orders at 1.2060. EUR/CHF is currently trading at 1.2072. The post EUR/CHF – T …
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