Another day of SNB intervention - Oct 6th 2011

Well, today more intervention on behalf of the SNB, imo.

See this post also:

http://eurusd-fx.blogspot.com/2011/10/eurchf-snb-intervention-ahead-of-news.html

No news from SNB itself, but with the number of people involved in decision to intervene and or fix price level, the market probably gets wind before...

On Oct 4th it was a survey of CFOs that sparked buying: Most ever CFOs were negative on the economy.

Today Oct 6th numbers showed the hotels are seeing less and less foreign tourists, most likely due to strong swiss franc. A drop of between 6-10% was reported yoy.

Thomas Reuters price increases 2012: 10% for popular products

We're heading into disinflation or deflation, banks everywhere cutting, and what's Reuters doing? Increasing prices for most popular products by 10%

"I am writing you to inform you of changes to the price of our products and services that will apply from January 1st 2012 or your first 2012 invoice.

The annual price increase supports our commitment to continually invest in an aggressive agenda of content and technology innovation to ensure that our customers have the most critical tools to meet their business objectives in today's challenging markets. Last year we launched our two major platforms Thomson Reuters Eikon (for the desktop) and Thomson Reuters Elektron (network and trading infracstructure). The launch of these platforms marks the beginning of a signigficant series of investments in advanced capabilities" ...

"Pricing for Thomson Reuters Markets products and services will be increased 5% unless listed below."

"D. an increase of 10% .... : Thomson Reuters Eikon, Thomas Reuters Messaging, Reuters 3000 Xtra ... etc etc"

EURCHF - SNB Intervention ahead of news Wednesday Oct 5th 2011

Considering the negative EURO-News all over the place. The Dexia news. And more... isn't it surprising those jumps we're seeing on EURCHF this evening CET.

I think language tomorrow from SNB could be: We're not happy with 1.20 ! And they're intervening in the market to back the claim.