EUR/CHF

I don't think so any broker company care about if you lose money. They care about if you win a lot of money. So i think all this action because they don't want clients to profit on eur/chf long positions.

To avoid is the best to close it as soon as possible:

- with negativ swap
- with 2x, 4x margin requirments
- with disable long positions etc.

All of this means for me, there is a possibilite to a spike up.

2 days before the last spike my broker called all of my customers to close their long positions. Two days later the eruchf went to 1.2070.

I am still on long, and waiting for a spike to close ma longs.

GER30 at 6162, SPX500 at 1316, the market is doing ok at the moment, I dont see any panic at the moment

thats what i have been wondering. if your floor has already been breached and you are promising you investors that wont happen again then atleast show us that you mean it by pushing it 20 pips up the floor and make it stable their.

this is really nervous

but i trust options value

put option at 1.2 on 1m eurchf is like 600$ on 1 lot

don't know who would sell at that price if they know peg would be removed and free fall to 1.1 at least

Thats why it is important to choose a good and fair broker, lets work together and kick those shitty and greedy brockers out of business....

Name those brokers.!

or rather, let's name the good brokers....

To be safe, I'm currently having longs with 4 brokers. So if any broker gets unreasonable, I'll transfer funds to the others.

I think FXCM is good

Written by Jamie Coleman
June 12, 2012 at 15:52 GMT

Don’t criticize the 1.20 Swiss franc cap, FinMin Schneider-Amman says. That will invite evil speculators…
The peg is absolutely essential to protect the Swiss economy, the minister says.
Speculators, he should know, are short Swiss francs, hoping that the SNB has their backs. Flight capital from places like Greece are what is pushing the Franc to test the cap, not specs…
There are literally 10s of billions of euros of stop-losses in EUR/CHF below the 1.2000 level. Look for fireworks should the Greek elections not produce a euro-friendly government

A Danish online broker has limited the amount its customers can borrow to trade the euro against the Swiss franc, a move intended to limit clients' potential losses if the Swiss central bank fails to defend a cap on the franc's value.

Claus Nielsen, head of markets at Saxo Bank, said on Tuesday that trading the safe-haven franc posed considerable risks to some of its margin-trading clients, especially those who have built significant bearish bets against the franc.

In margin trading, customers borrow money from brokers to buy securities. The practice is widespread in stock and commodity markets.

The bank said increased chances of political and financial turmoil in the euro zone beginning with the Greek elections on June 17 could force the Swiss National Bank (SNB) to drop the cap on the euro/Swiss franc pair, currently at 1.20 francs, and let buyers drive the franc to stronger levels.

It will hike the margin to 2 percent from the current 1 percent from June 14, and double it again to 4 percent from June 21, the bank said.

"We think the 4 percent margin is appropriate given that the risks around the euro zone can escalate and could pose a threat to the peg," Nielsen said. "It is not that we have a crystal ball but investors should be made aware of those risks."

The SNB imposed the cap of 1.20 francs in September 2011 after the franc hit record highs against the euro last year. And though the cap has been breached once in early April, the SNB has said it intends to defend it with all its might.

Traders say the SNB has been buying large amounts of euros while selling the Swiss franc, to keep the pair from breaching the 1.20 franc peg in recent weeks. On Tuesday, the euro/Swiss franc pair was trading at 1.20085 francs, flat on the day.

Speculators, especially hedge funds are increasingly betting through the option markets that as the situation around much of the euro zone deteriorates, the task for the SNB to defend the peg will get tougher.

saxo bank did drastic move

if that is the logic they should higher margins on everything

eur/jpy
eur/usd
eur/dkk
nok/eur

I think problem on EURCHF is that: If it breaks beg, down to 1.10 or 1.00 any sell (close long positions) would be very problematic..
So what happens if broken can't close my positions and my balance becomes negative?
Will I have to pay them money?

When did it become brokers' duty to watch clients trade or to tell them which trade is risky and shouldn't be placed. All trades in forex are risky, because Mr A. might look at a chart and think it's going up while Mr B. would look at this same chart and think it's going down. By the way, what is stoploss for? To limit losses of course. A broker say they wouldn't want the clients to loose money is a cheat and liar. The point is, they know that the EURCHF long position has a great Risk : Reward ratio, and they also know we would make so much profit. I'm getting ready to sue someone.

currently my broker disabled any trade on EURCHF , long or short.
I already started to withdraw...
After I close current positions , I'll withdraw everythink unless they re-enable the pair in the meanwhile...

Still disabled! What is their explanation? Is it still MT4 problem?

no new explanation.

Very strange.

The only thing for a move like that is they stand to lose to much money to the longs if the SNB do something tomorrow.

it is on forexlive economic calendar!


tomorrow will be interest rate decision...

previous 0.25%

FORECAST : 0.13% !!!!!!

it may be bearish for chf

I thought the previous was 0% and no change is expected

I wonder about something. I've been hearing a lot about few things lately but to me they seem to contradict each other:
1) SNB is supporting the floor buying euros at 1.2000 - ok, they said so
2) SNB is dumping euros when possible because they've been buying too much, but very close to the floor (which means they probably sell at about 1.2010/15) - ok, sounds reasonable, they don't want a mountain of euros in their backyard
3) SNB is loosing money supporting the floor - ??? really, and how's that?

Is anyone able to put those three together so that they make any sense? After all buying at any price and selling higher (even a tiny bit higher) is the way of making money. Anyone?

It doesnt look like there is going to be any kind of bounce before tomorrows meeting