8:00am (NY Time) CHF Libor Rate Decision Forecast 0.25% Previous 0.25%
ACTION: N/A
SNB (Swiss National Bank) is expected to leave the official Libor rate unchanged at 0.25%, as almost all of the economists surveyed by Bloomberg would agree. However, the real market mover may be the accompanied statement by the SNB governor Jean-Pierre Roth, who may intervene for the currency verbally yet again as SNB has done in the past.
It is known in the market that SNB has successfully broken the wills of the market on regarding the CHF as a safe-haven currency, as SNB Roth consistently intervened for the currency both verbally and central bank actions… And as a result, CHF is no longer a strong safe-haven currency as compared to the US Dollar and Japanese Yen.
Should SNB not intervene for its currency, we should see very minimal market reaction to this release, but in the event of an intervention, USD/CHF could move upwards immediately in hundreds of pips; therefore we should be around and prepare for it…
And as always, I’ll be recording this trade live as I lead the people in my trade room today… I’ll post the results back.
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{ 9 comments… read them below or add one }
Thanks a lot Henry. Is just that i am a fan of your system and i would like to learn a lot more of it.
Thanks
What about the DVD’s?
Camilo:
I almost feel ashamed when I saw your message. I meant to get it done 2 weeks ago, but the company that I work with is dragging their feet. Looks like everything should be ready in 2 weeks, and of course, I will send you an email once it is. Thanks man.
Henry
Hi Henry,
Gee, the trade room is expensive to run. One suggestion, I love your idea about teaching all of the trade room members to become “fisherman/woman”; so Henry…don’t supply a SMS service as the room will not be a signal service and this will save on some costs and on-going hassle.
Anyways, just a thought.
Cheers,
Bruce Thompson
Henry, how about starting the trade room and let those who subscribe to your products enter for free. Technically it would not be free because of paying already for one of your products. thanks, Jerry
Jerry:
I will consider that idea… however the cost to setup a trade room with Omnovia is over $5000 a month, plus the SMS service will cost about $0.10 per user per message, or roughly another couple of thousand… Not counting my time and effort…
please how do i suscribe to your trade room
Hi Henry,
How can I join your trading room and how much is the monthly subscribtion?
Adam:
Still trying to price the trade room as I do not really want to start a signal service, but more of a live trading training room… I think if you give a man a fish, you feed him for a day. Teach him how to fish, he is fed for life.