Who were the big boys that had their money where their mouths were in CHF? via ForexLive

Having a look at EFX's trade board we can see who was short Swissy as the SNB went to negative rates earlier today.

• SocGen were long GBP/CHF at 1.5040 from the 21st Nov. Their TP is 1.56, SL 1.49. There's was a pre-gold vote trade
• Credit Agricole were also long GBP/CHF at 1.5140 since Sep 17 (TP 1.58, SL 1.47) That was a Pre-Scottish vote trade
• Danske are long USD/CHF at 0.9620 since 10th Nov (TP 1.02, SL 0.94) They're playing the Franc cap but in this pair rather than short EUR/USD

The only player in EUR/CHF is BNP Paribas

• They're long at 1.2305 since Feb 11 after buying a pullback on a flight from CHF deposits and positive Eurozone news (TP 1.25, SL 1.1970)

Credit Suisse are orders in to limit long at 0.9750 in USD/CHF today (after the bounce by the looks of things) looking for 0.9970 with a 0.9695 stop.

If you want to see what else the banks are up to then grab a free trial from EFX here

posted via ForexLive