The Swiss National Bank (SNB) will continue to enforce the minimum exchange rate of CHF 1.20 per euro with the utmost determination. It is prepared to buy foreign currency in unlimited quantities for this purpose. The target range for the three-month Libor will remain unchanged at 0.00-0.25%. The SNB will continue to maintain liquidity on the money market at an exceptionally high level.
Even at the current rate, the Swiss franc is still high. In the foreseeable future, there is no risk of inflation in Switzerland. Compared to December, the inflation forecast has even fallen further. If developments in the international economy are worse than foreseen, or if the Swiss franc does not weaken further, as expected, downside risks for price stability could re-emerge. The SNB stands ready to take further measures at any time if the economic outlook and the risk of deflation so require.
With further analysis and and help from a the Bay fisherman
I was able to make slight readjustments and claim the correct Perception of the Market..
4hrs
Gonna try and sell on a pull back.. also gonna see if i can find some news to support my bias.. But i think i am gonna have to sell into a rally.
i once read a time ago that you should
" Carry on, even if your not so sure now of what you're doing . The source God moves in mysterious
ways and sometimes the path only reveals itself once you start walking it...
Paul coelho The winner stands alone page 275
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