Partner Center Find a Broker

Now that the dust is starting to settle around the SNB’s surprising decision to abandon its 1.2000 peg on EUR/CHF, I thought it might be a good idea to share with you guys some of the tweets that I’ve seen during and after the once-in-a-trader-lifetime forex event.

These updates are just some of the countless ones on Twitter and they range from shock, rage, to just plain confusion. I have grouped them into 6 types of tweets:

1. The “WTF HAPPENED?! tweets

First came the violent reactions…

SNB, are you nuts? #EURCHF - @russian_market
SNB, are you nuts? #EURCHF – @russian_market
SNB! what have you done? this is not good. you sent many fund managers into exile - @Megafundng
SNB! what have you done? this is not good. you sent many fund managers into exile – @Megafundng
Bravo To The SNB! A Marvelous Blow For Monetary Sanity - @DA_Stockman
Bravo To The SNB! A Marvelous Blow For Monetary Sanity – @DA_Stockman
This was a 180-degree about turn by the SNB. People feel hurt and betrayed. - @WallStreet_Rant
This was a 180-degree about turn by the SNB. People feel hurt and betrayed. – @WallStreet_Rant
If they (SNB) were a private company, I think the management would have been dismissed. - @Bono62Luca
If they (SNB) were a private company, I think the management would have been dismissed. – @Bono62Luca
Funny how traders feel cheated by the SNB :). Dudes, it is a central bank after all. - @florincitu
Funny how traders feel cheated by the SNB :). Dudes, it is a central bank after all. – @florincitu
Very cross with SNB since I'm going to Switzerland tomorrow. Suddenly very expensive trip. - @AmbroseEP
Very cross with SNB since I’m going to Switzerland tomorrow. Suddenly very expensive trip. – @AmbroseEP
I am going to stop eating Toblerone as a protest... - @EdMatts
I am going to stop eating Toblerone as a protest… – @EdMatts

2. The “I can’t even” tweets

When something is too overwhelming to explain, sometimes you have to resort to jokes and metaphors…

This is like finding out your mother is a secret cross dresser... SNB... - @EdMatts
This is like finding out your mother is a secret cross dresser… SNB… – @EdMatts

This snapshot captures the Swiss Franc at the exact instant of SNB announcement - @pdacosta
This snapshot captures the Swiss Franc at the exact instant of SNB announcement – @pdacosta
Jordan is not only the name of the SNB president, but also of a river...and today's SNB action is a tsunami - @davidfickling
Jordan is not only the name of the SNB president, but also of a river…and today’s SNB action is a tsunami – @davidfickling
Utmostly cancelled RT @rononmanly: What happened to 'Utmost Determination?' - @zerohedge
Utmostly cancelled RT @rononmanly: What happened to ‘Utmost Determination?’ – @zerohedge

3. The “I told you so” tweets

As with any black swan event, there’s no shortage of analysts who have seen it coming.

Don't forget either there was a warning over the weekend when an ex SNB advisor stated floor should now be scrapped. - @Donnie_Eagle
Don’t forget either there was a warning over the weekend when an ex SNB advisor stated floor should now be scrapped. – @Donnie_Eagle

A lone forecaster in Texas predicted the SNB's cap would fail this year - @business
A lone forecaster in Texas predicted the SNB’s cap would fail this year – @business

4. The “What Have You Done?!” tweets

We can’t miss traders giving their two cents on what happened with the SNB and its impact on the markets…

SNB doesn't know that once $EURCHF peg is broken, $USDCHF no longer rises automatically w/declining $EURUSD & $EURCHF #forex - @alaidi
SNB doesn’t know that once $EURCHF peg is broken, $USDCHF no longer rises automatically w/declining $EURUSD & $EURCHF #forex – @alaidi
The SNB neatly proving that central banks are not bigger than the market and QE is useless. Is anyone listening? - @RaoulGMI
The SNB neatly proving that central banks are not bigger than the market and QE is useless. Is anyone listening? – @RaoulGMI
Today SNB showed how quickly you can lose the credibility. - @russian_market
Today SNB showed how quickly you can lose the credibility. – @russian_market
The SNB, has failed at two simple tasks: keeping its word and preventing destabilising currency moves. - @shortorlong
The SNB, has failed at two simple tasks: keeping its word and preventing destabilising currency moves. – @shortorlong

5. The “Optimist” tweets

Because some people would rather look at the silver lining…

So who thinks the SNB reintroduces the floor at 1.30 (or thereabouts) after the ECB? - @barnejek
So who thinks the SNB reintroduces the floor at 1.30 (or thereabouts) after the ECB? – @barnejek

Now that the EUR/CHF floor is gone, Philipp Hildebrand can return to SNB, right? - @cohen76
Now that the EUR/CHF floor is gone, Philipp Hildebrand can return to SNB, right? – @cohen76
PUTIN: Who cares about my #Ruble when my account in Zurich just shot up by 20% today - @alaidi
PUTIN: Who cares about my #Ruble when my account in Zurich just shot up by 20% today – @alaidi
I think we should at least entertain the idea that the SNB are not complete morons. - @barnejek
I think we should at least entertain the idea that the SNB are not complete morons. – @barnejek
Euros went down which means designer bags just got 20% cheaper for me - @Fashiongamble
Euros went down which means designer bags just got 20% cheaper for me – @Fashiongamble

6. The “Trading 101” tweets

Once the shock has subsided (somewhat), a lot of market players are picking up lessons to learn about this once-in-a-lifetime event.

SNB taught everyone a huge lesson today. There's no such thing as a sure thing in finance. - @finansakrobat
SNB taught everyone a huge lesson today. There’s no such thing as a sure thing in finance. – @finansakrobat
You can't control the market - you can only control your risk. Unless the SNB intervenes. - @WinnersEdgeTrad
You can’t control the market – you can only control your risk. Unless the SNB intervenes. – @WinnersEdgeTrad

How about you? What kinds of tweets/updates have you seen on your social media feeds for the past couple of days?

XOXO,

Huck

Follow me on MeetPips.com
Follow me on Twitter
Like my page on Facebook
Read the risk disclosure!

This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.