Discussion in 'Forex Trading' started by cgstewart92, Dec 21, 2011.
Is anyone interested in trading bank banter regarding the peg and or other SNB actions?
I trade EUR/CHF, but I've never traded bank banter. What is it and how do you trade it?
I guess it is moderately fundamental strategy... just watch for rumors, buy and sell them
EUR/CHF has been a lot more fun ever since SNB announced they were going to peg. Everytime I make money I feel like I am getting away with something.
I was just thinking about this last night. Crazy pair indeed. I doubt they're going to enforce it though if it gets tested. It could be potential suicide.
But if they fail to enforce it, all their credibility goes up in a cloud of smoke.
every central bank always fails when they try to devalue. At least USA can print their way down. SNB's only strategy is to buy everything out there. When everthing you buy goes down how does that work out? If they keep that up they'll be broke just like Europe and maybe then they'll finally be pegged.
It's worked extremely well so far actually
enough to merit raising the peg?
Huh? The Chinese have been devaluing successfully for how long now? There is no inherent short-term limit to how much a CB can devalue, if it's truly willing...
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