Severfield Share Discussion Threads

[waldron] 09/3/2020 07:39

EURCHF:CUR
EUR-CHF X-RATE
1.0573CHF
-0.0014-0.13%

[florenceorbis] 07/3/2020 16:42

1.0587CHF
-0.0039-0.37%

[waldron] 06/3/2020 07:49

EURCHF:CUR
EUR-CHF X-RATE
1.0606CHF
-0.0020-0.19%

[waldron] 05/3/2020 16:54

Swiss Haven Sees the Franc ‘Grinding Toward Parity’ With Euro
By Liz McCormick
and John Ainger
5 mars 2020 à 14:39 UTC+1

SNB’s ‘gorilla’ reserves add to safety appeal: Deutsche Bank
Concern over hit to global growth from virus lifting franc



The franc may hit parity with the euro for the first time since 2015, when the Swiss National Bank shocked markets by lifting its currency cap, according to Deutsche Bank AG.

The currency has been swept up in recent weeks with other havens as the coronavirus outbreak spreads fear through markets, taking it up 2% this year to about 1.06 per euro. The SNB may have stepped up interventions last month to stem the flow, yet Deutsche strategist Robin Winkler argues the “Swiss gorilla” of its nearly $800 billion in reserves may actually be a source of structural support for the currency.

“The balance sheet will only add to the Swiss franc’s ‘safe haven’ appeal in coming months,” Winkler said. “As central banks around the world use what policy space they have to deal with the virus shock, even an emergency rate cut from the SNB -- already priced -- may not prevent the euro-franc from grinding toward parity.”
Swiss currency is set to benefit from haven bid, Deutsche's Winkler says

The SNB declined to comment on Deutsche Bank’s view. Policy makers haven’t ramped up their rhetoric recently, continuing to call the currency “highly valued,” though reluctance to aggressively sell it may be partly driven by fear of being labeled a currency manipulator by the U.S.

The central bank lost much of its credibility to weaken the currency when the peg was abandoned five years ago, Winkler said. The franc surged as much as 41% versus the euro that day, and in the month prior the SNB had pledged “utmost determination” to defend its currency ceiling.
Read More:

SNB Isn’t Panicking About the Franc And Here’s a Reason Why
SNB Likely Stepped Up Battle Against Strong Franc Last Week
Swiss Franc’s Relentless Rise Takes It to Strongest Since 2015

The currency was steady at 1.0657 per euro on Thursday, having touched the strongest since 2015 at the end of February. In the options market, traders have been increasingly setting up bullish wagers on the franc in anticipation of coordinated central bank policy action. Demand for Swiss franc calls, which grant the right to buy the currency versus the euro, has surged relative to options that allow the opposite.

Swiss sight deposits have increased for seven consecutive weeks, a sign that the SNB may be taking action to counter the strengthening franc. While Toronto-Dominion Bank doesn’t see the currency reaching parity with the euro, it does expect further gains.

“From our perspective, we think this is a pretty clear sign the SNB is already trying to lean increasingly hard against further franc appreciation,” said Ned Rumpeltin, head of European foreign-exchange strategy at Toronto-Dominion. “In the absence of that, we are left to wonder if we would be at parity already.”
The Swiss National Bank’s foreign currency reserves near record

— With assistance by Robert Fullem, and Catherine Bosley

[alphorn] 02/3/2020 08:58

Cross rate looking a bit better today taking a bit of pressure off the SNB.

[cc2014] 28/2/2020 10:40

I appreciate this is a bit late but I've sold out this week. Various prices between 86 and 89

I needed to de-risk as I was overweight equities. Without getting into it I'll be back when there's more clarity over Covid-19

[waldron] 24/2/2020 13:47

EURCHF:CUR
EUR-CHF X-RATE
1.0595CHF
-0.0021-0.20%

[waldron] 21/2/2020 07:16

EURCHF:CUR
EUR-CHF X-RATE
1.0609CHF
-0.0007-0.06%

[florenceorbis] 20/2/2020 07:52

1.0616CHF
-0.0017-0.16%

[waldron] 19/2/2020 16:17

EURCHF:CUR
EUR-CHF X-RATE
1.0614CHF
+0.0003+0.03%

[waldron] 19/2/2020 08:21

EURCHF:CUR
EUR-CHF X-RATE
1.0617CHF
+0.0007+0.06%

[brummy_git] 19/2/2020 06:11

All the latest infrastructure services/contractor valuation multiples and KPIs can be downloaded from here, including SFR

[waldron] 18/2/2020 16:59

EURCHF:CUR
EUR-CHF X-RATE
1.0614CHF
-0.0015-0.14%

[waldron] 18/2/2020 08:08

EURCHF:CUR
EUR-CHF X-RATE
1.0621CHF
-0.0008-0.08%

[cc2014] 17/2/2020 11:14

Definitely trying to break out. 90p on the bid now for the best part of a day and buyers having to pay 92-93p.

Looks to me like buyers trying their best to disguise their intentions and buy as cheap as possible but almost no sellers coming out to meet them. And why would they? Everyone can see what's happenning to Kier and Galliford where the share price has exploded over the last month or so.

[owenski] 14/2/2020 16:06

Multi year high breakout, have a look at a ten year chart for some perspective, bit of volume behind it too.

[cc2014] 14/2/2020 13:07

Bit briefly hit 90p on 2 shares which triggered about 60k of limit sells at 90p. Must be a hidden buyer as those size of limit sells don't normally trigger on 2 shares on the order book.

Mind you looking at the rest of the sector and the way it's flying today on the back of the new chancellor we can expect a good afternoon.

[waldron] 14/2/2020 07:26

EURCHF:CUR
EUR-CHF X-RATE
1.0622CHF
+0.0005+0.04%