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Old 08-12-2011, 02:06 PM
khorner khorner is offline
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Join Date: Jul 2008
Posts: 9
Default CHF opportunity, or avoid?

Hi guys

It was spectacular to see the today's PA of CHF. I understand it is something to do with pegging CHF with EUR.

Anyway, my question is, is this an opportunity to trade short? or wise if you avoid?

In other words, is it possible for the Swiss gov to manipulate the long-term trend over night? USDCHF EURCHF for example.

I understand direct interventions rarely succeed (see JP's last week), But this case, Swissy gov is saying "Peg" -- does it make any difference?

I will appreciate any idea from seasoned traders like you!

Thanks a million in advance!
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