CHF: Still no sign of big asset manager moves
I’m somewhat baffled still by what’s happening in the CHF and why the market is happy to sit on Swiss assets almost indefinitely and yet start bailing out of everything else. The CHF has strengthened against the other majors bar the Yen, and the only reason for this surely is creature habit; the market does what it’s done before in the recent past.
I’ve been having a good run of things recently and I still stubbornly believe that I’m right and that the Swissy will weaken eventually (and when it does, it will be a very sharp fall). I’m looking at the GBP/CHF as a lower-risk way of playing this idea and I will look to buy this cross on any dips towards 1.4350.