Angcheek Hypersonic January 16, 2015 Share January 16, 2015 So the cap was removed and SF strengthen against EURO , my question is how does the EU central bank buying back the bonds affect SF ? any expert ? https://sg.finance.yahoo.com/news/em-asia-fx-singapore-dollar-063013451.html ↡ Advertisement 3 Link to post Share on other sites More sharing options...
Duckduck Turbocharged January 16, 2015 Share January 16, 2015 (edited) So the cap was removed and SF strengthen against EURO , my question is how does the EU central bank buying back the bonds affect SF ? any expert ? News at Yahoo in order to buy ECB bonds, ECB is assumed to QE & print EUR, so this cap removal is like getting away from a very visible incoming Euro tsunami... swiss central bank is saying theyre not gona spend more money buying EUR & selling CHF to defend the cap when ECB QE happens, so they just got out of the way first lol... my worry now is if our SG garmen is also gona do something like swiss next time... right now MAS does alot of open mkt fixing to make SGD steady vs other currencies. Will there be a pt in the future which MAS will stop fixing the SGD n explode the mkt like EURCHF last night? Edited January 16, 2015 by Duckduck 2 Link to post Share on other sites More sharing options...
Angcheek Hypersonic January 16, 2015 Author Share January 16, 2015 in order to buy ECB bonds, ECB is assumed to QE & print EUR, so this cap removal is like getting away from a very visible incoming Euro tsunami... swiss central bank is saying theyre not gona spend more money buying EUR & selling CHF to defend the cap when ECB QE happens, so they just got out of the way first lol... my worry now is if our SG garmen is also gona do something like swiss next time... right now MAS does alot of open mkt fixing to make SGD steady vs other currencies. Will there be a pt in the future which MAS will stop fixing the SGD n explode the mkt like EURCHF last night? From the report , ECB is going to start buying bonds next week due to SNB's current decision . UNless ECB already have plans to buy back bonds months ago. ... But I doubt that . EU is already very weak ... very hard for the ECB to start buying back bond unless necessary 3 Link to post Share on other sites More sharing options...
Duckduck Turbocharged January 16, 2015 Share January 16, 2015 From the report , ECB is going to start buying bonds next week due to SNB's current decision . UNless ECB already have plans to buy back bonds months ago. ... But I doubt that . EU is already very weak ... very hard for the ECB to start buying back bond unless necessary ECQ QE rumor has been ard for long time already hence EUR's weakness, its nothing really to w SNB decision, more like SNB made a decision based on continued EUR weakness.... 1 Link to post Share on other sites More sharing options...
Angcheek Hypersonic January 16, 2015 Author Share January 16, 2015 ECQ QE rumor has been ard for long time already hence EUR's weakness, its nothing really to w SNB decision, more like SNB made a decision based on continued EUR weakness.... ohh i C , so basically SNB is saying .. enough is enough . OK that explained their decision. Now , if ECB is going to print more and buy back bonds , how that going to solve the problem ? Having more EURO floating is going to worsen the situation isnt it ? 3 Link to post Share on other sites More sharing options...
Wt_know Supersonic January 16, 2015 Share January 16, 2015 (edited) rolex lovers ... tomolo better go buy your rolie (ex-stock) before the price skyrocketed fast & furious ... lol Edited January 16, 2015 by Wt_know 2 Link to post Share on other sites More sharing options...
Angcheek Hypersonic January 16, 2015 Author Share January 16, 2015 Hahahaha those got lots of rolax one happy la. You know who rolex lovers ... tomolo better go buy your rolie (ex-stock) before the price skyrocketed fast & furious ... lol 2 1 Link to post Share on other sites More sharing options...
Wt_know Supersonic January 16, 2015 Share January 16, 2015 (edited) by the way, does this mean Swiss is ditching Euro without exiting Euro? muahahahaha .... whichever country that is tulan that their currency is pull down by euro can simply remove the peg? Edited January 16, 2015 by Wt_know Link to post Share on other sites More sharing options...
Angcheek Hypersonic January 16, 2015 Author Share January 16, 2015 by the way, does this mean Swiss is ditching Euro without exiting Euro? muahahahaha .... whichever country that is tulan that their currency is pull down by euro can simply remove the peg? Its not like they have a sea in between like UK. hahah abandon EURo will have great consequences probably. Removing the cap doesnt help swiss at all 3 Link to post Share on other sites More sharing options...
Yewheng Twincharged January 16, 2015 Share January 16, 2015 Its not like they have a sea in between like UK. hahah abandon EURo will have great consequences probably. Removing the cap doesnt help swiss at all My opinion is that swiss make the biggest mistake for removing currency plague to gold. So effectively swiss franc is just like any other currencies with no sound $, aka can print $ anytime they want if lend under wrong leader. so well.. 1 Link to post Share on other sites More sharing options...
Ktglfc Hypersonic January 17, 2015 Share January 17, 2015 rolex lovers ... tomolo better go buy your rolie (ex-stock) before the price skyrocketed fast & furious ... lol Which also means that those who have bought these (new) recently can sell at even higher price? Huat ah Link to post Share on other sites More sharing options...
Celicar Turbocharged January 17, 2015 Share January 17, 2015 (edited) In a surprise act and lightning fast movement, the cap was removed. Now many are worried that the resulting shot up has sown the seeds for unwanted complication. In the worst case, lives may be ruined. Sounds like the Swiss Franc screwed more than a few, and the angry ones may demand to see the parent. Edited January 17, 2015 by Celicar Link to post Share on other sites More sharing options...
Sabian Turbocharged January 17, 2015 Share January 17, 2015 The problem with the euro is that so many countries with contrasting stages of economic development and different monetary policy needs are being straightjacketed by the euro and ecb mandated interest rates. Spain and Germany are examples of contrasting needs. Back in 2011. One weak and the other strong. One can survive with a strong euro and the other needs a weak euro to survive. The Swiss tried to keep to status quo when the euro weakened but the Swiss economy wasnt in trouble and yet they weakened in sync with the euro, in the end (2015), you are just hurting your own economy if you peg without looking at the fundamentals. Just like how the strengthening USD will now cause problems again for economies with USD pegs (eg: HKD and VND). 1 Link to post Share on other sites More sharing options...
Shadowdad 2nd Gear January 17, 2015 Share January 17, 2015 by the way, does this mean Swiss is ditching Euro without exiting Euro? muahahahaha .... whichever country that is tulan that their currency is pull down by euro can simply remove the peg? Swiss is not part of euro, that way they have they own currency. Soon can plan long holiday to Europe :) Link to post Share on other sites More sharing options...
Wt_know Supersonic January 17, 2015 Share January 17, 2015 (edited) when ECB start QE ... euro will plunge further that's why swiss bank remove the peg anticipating QE to print billions of euro so can go italy to shop rather than swiss ... hehe Swiss is not part of euro, that way they have they own currency. Soon can plan long holiday to Europe :) Edited January 17, 2015 by Wt_know Link to post Share on other sites More sharing options...
Yewheng Twincharged January 21, 2015 Share January 21, 2015 http://schiffgold.com/commentaries/will-china-pull-switzerland-us-dollar-video/ Always love watching Peter schiff video. In his video, he explained everything. If no time to watch, can read the timeline summary. Super informative and educational. Link to post Share on other sites More sharing options...
Yewheng Twincharged January 22, 2015 Share January 22, 2015 http://en.mercopress.com/2015/01/21/denmark-following-on-switzerland-forecasted-to-remove-krone-s-peg-to-the-euro Think slowly more countries will follow what Switzerland do.. Link to post Share on other sites More sharing options...
Galantspeedz Turbocharged January 23, 2015 Share January 23, 2015 So the euro may soon be toilet paper? Lol ↡ Advertisement Link to post Share on other sites More sharing options...
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