vvg26,
I saw that story about the SNB. Would explain a lot if true. UBS has a different take on it however:
http://ftalphaville.ft.com/blog/2012/07/30/1100351/the-snb-eats-euro-cake/
"Judging the SNB impact purely on the basis of actual flows might be misleading however. Market psychology is important and the perceived presence of a large marginal player can easily push things around. Market participants are always grateful for stories that might explain seemingly random moves."
vvg26,I saw that story about the SNB. Would explain a lot if...
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Last
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Change
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| XJO (ASX) Chart |