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  Symbol Bid Ask
EURUSD 1.2916 1.2919
GBPUSD 1.5081 1.5084
USDJPY 102.23 102.26
USDCHF 0.9704 0.9707
USDCAD 1.0329 1.0332
EURJPY 132.05 132.08
EURCHF 1.2534 1.2539
GBPJPY 154.13 154.2
GBPCHF 1.4634 1.4641
GOLD 1393.6 1394.2

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Research: Long Eur/chf


Quotes from RBC Capital Markets:

-The SNB has signaled and repeated its unwavering commitment to the EUR/CHF floor. But though the market believes it for the next 1-3m, EUR/CHF risk reversals show investors believe the floor will break beyond that. We think this underestimates the strength of the SNB's resolve.

-If downside price risks emerge, the SNB's only real tool is to raise the EUR/CHF floor. And if the floor stays where it is, it pays to hold long EUR/CHF (positive 3m carry ~150bps annualised). The floor can last as long as it is compatible with the SNB's mandate of price stability. On October 3 we went long EUR/CHF at 1.2140, with a stop at 1.1980 and a notional target of 1.25.

publié: 2012-05-11 10:28:00 UTC+00


See also: Current support and resistance levels
EUR/USD
GBP/USD
USD/JPY
GBP/JPY
EUR/CHF
AUD/USD
May 24 at 3:06 UTC
 
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