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Swiss National Bank Intervention Half Life: Down To 2 Hours
From the moment the SNB intervened in the EURCHF, to the point where the pair went unchanged on the day, a whopping two hours have expired. The last time the SNB intervened, the return to unchanged took 4 hours, and 8 before that. The next time the SNB buys up EUR, we expect the return to unchanged to take one hour or less.
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CHF (exhaling cig smoke): So, was it good for you?
EUR (sarcastically): Yeah, for the, like, 3-seconds it lasted...
EUR: So, do you smoke after intervention
CHF (looking under the covers): I don't know, I never looked.
CHF: I usually just burst right into flames...........
oooooohhhhh....
paper boy
+2 funny.
I fucking love it.......
Do they dare crank it twice in one day?
I love it when central bankers are made to look like fools!!!!!!!
So how about that AMZN today?
Today's drop took it below the 200 day. And the rebound bounced off the bottom side of the 200 day. Oops.
Better not close down here or a lot of people will be looking to sell sell sell.
Will the IMF bailout the SNB?
Of course they will, CS and UBS balance sheets combined amount to 13x swiss gdp, and there are alot of goodies in that bag, Canary warf, hungary, spain etc etc etc
Yup, and if it ever gets below 110, nice gap fill to find!
The Robo's are desperately holding onto ES1060 with all their might today. Kind of odd to close up on such a slow news day.
I am waiting for the time to go negative.
And its GONE! What? You're money is gone.
BAHAHAHAAHA!!!
here let me just put this into a trading account, ok now we'll just buy some puts, sell some calls, ok AND IT'S GONE!............next! do you have any money with this bank sir? oh no, that money is gone. next please!
South Park? That was a good episode if that is where the reference is coming from.
Yes.
http://www.youtube.com/watch?v=RAKsMnAM8vk
This line is for bank customers ONLY!!!
Ok now it is Ben's turn. Buy some Euros Benjiman
So basically in every HF and IB, there is someone that watches EURCHF 24/7 for these moves. The minute it shoots up they hit the sell button. NOICE!
Sarkozy cancels Merkel talks:
http://www.france24.com/en/20100607-sarkozy-merkel-talks-cancelled-frenc...
2 hours until close and volume is above normal. Must-see-TV into the close today.
And it is only Tuesday..I suppose we need more AH Future/Euro pumps
Only Tuesday? Tuesdays are the best!
But I know what you mean. Long week to go....
Spoke too soon I guess. A high volume up day? Could it be?
I feel like I'm watching a low budget porno where all the central bankers are waiting their turn to gang-bang the Euro....
But I guess the question would be: who goes last and do they deliver the "money shot"?
Gotta wonder what the euro equivalent of the bow-chicka-bow-bow music is.
Theme from terminator.
This is like a mackerel. If the SNB stops buying the EURO dies. Even a minor slowdown in purchasing causes the EURO to fall.
As my grandpa used to say,
Don't pee into the headwind.
Swiss own much gold which appreciates in price right now. I think 40% of their currency is backed by gold now.
I shouldnt be forced to use captcha when already logged in. What is this for a logic?
Rumours has it they don't own as much as we or they think.
Do you have your browser set up to clear your cache or history every time you close the browser? Or maybe your security software is doing it to you?
I would still wait and watch for confirmation if it was SNB action since came on European closing my guess would be the big boys took this shoot to discourage short position from every day traders like us.Cheers
It's like a vending machine that keeps eating their money. You'll never get that Marathon bar!
Big Ben, keep cranking! We might be able to close in the green today. Go Go Ben-gaget printing press!