Expect more CHF gains, maybe even parity and below. QE II in the US in preparation...
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Swiss Franc Rises To 6 Month High Versus USD At CHF1.0370 - EBS
- Thread starter ASusilovic
- Start date
I sold most of my long CHF (bot USDCHF, that is)...
This information would have been a lot more useful about 6 weeks ago. It seems to be bottoming at the moment in an area of resistance/support. Whatever happened to the Euro? I thought it was projected to hit parity with USD as well?
<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=2910424">
<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=2910424">
Attachments
Quote from Martinghoul:
Since I would never contemplate doin such a thing, I don't know how to answer this. Diversification, you see, is my middle name.
I understand.
It's just that many currency pairs have seen 10% to 30% swings these last 2 years which is quite the return for just holding cash if you were positioned in the right one.
Today the opportunity for such return trough currency swings alone seems less present.
Yeah, I don't know, man... Trying to time these things is very difficult. I have done OK, mostly, on some small punts (EURCHF and EURSEK), but that was just for fun.Quote from Debaser82:
I understand.
It's just that many currency pairs have seen 10% to 30% swings these last 2 years which is quite the return for just holding cash if you were positioned in the right one.
Today the opportunity for such return trough currency swings alone seems less present.
In terms of actual cash, I try to stay diversified.