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EUR/CHF

  • #13,481
  • Dec 18, 2014 5:32am Dec 18, 2014 5:32am
positive swap is back to 10 pips on 3 month,

it is interesting that SAXOBANK is not quoting vanilla options bellow 1.2035,

my opinion EC goes down, and when ECB announce QE SNB will react once more, and so on until QE from ECB stops
  • #13,482
  • Dec 18, 2014 5:39am Dec 18, 2014 5:39am
Quoting hornsant
taking profits now is not understanding the depth of the SNB's decision
I think so... but far away from making some results anyway...

Some X days before and now...
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  • #13,483
  • Dec 18, 2014 6:49am Dec 18, 2014 6:49am
I just entered a short on eurchf...

Now I have no idea if the floor will break, so my only goal is to get my stop to break even.

Stop is at 1.21.

Seems like a suicide mission, but there is no point shorting at 1.2 because every spike up will take me out.
  • #13,484
  • Dec 18, 2014 6:59am Dec 18, 2014 6:59am
Quoting MCRotter
I just entered a short on eurchf... Now I have no idea if the floor will break, so my only goal is to get my stop to break even. Stop is at 1.21. Seems like a suicide mission, but there is no point shorting at 1.2 because every spike up will take me out.
Ur crazy, will never do that, not a mere 40 pips from the floor.
  • #13,485
  • Dec 18, 2014 7:02am Dec 18, 2014 7:02am
Quoting duderoo1
{quote} Ur crazy, will never do that, not a mere 40 pips from the floor.
The goal is just to get stop loss to break even, and if I get stopped fine.

I have no clue if the floor is going to break, I cannot predict the future.

The risk is minimal (1%) but the reward is huge.

We will see... I have outlined my reasons in this thread previously.

I'm none too confident however.
  • #13,486
  • Dec 18, 2014 7:25am Dec 18, 2014 7:25am
No matter what side you play, there is negative rollover on both. Rarely seen.
  • #13,487
  • Dec 18, 2014 7:31am Dec 18, 2014 7:31am
Well, it was predicted that negative interest rate would come, just a matter of time. Didn't expect a spike to nearly 1.21 but market seems to tend back to 1.2010 again. Some shorts were added...pressure is not gone. SNB might intervene at 1.2030s to create a confident level and buy signal.
  • #13,488
  • Dec 18, 2014 8:46am Dec 18, 2014 8:46am
Guys any of u can tell me what is the daily rollvoer/swap per lot in long EUR/CHF under Interactive brokers and IGMarkets ?
  • #13,489
  • Dec 18, 2014 8:47am Dec 18, 2014 8:47am
Also it is expected that with this new measure from SNB introducing negative interest rates FXCM and the other brokers reduce the rolllover/swap daily for EUR/CHF longs right ?
  • #13,490
  • Dec 18, 2014 9:41am Dec 18, 2014 9:41am
Just incredible. FXCM just changed the rollvoer for EUR/CHF longs from 0.3$ per lot to 1.9$ per lot.
  • #13,491
  • Dec 18, 2014 10:33am Dec 18, 2014 10:33am
Quoting Luigi111
Guys any of u can tell me what is the daily rollvoer/swap per lot in long EUR/CHF under Interactive brokers and IGMarkets ?
With IB, on a forex transaction, if you long E/C, you would get nothing for holding Euros and would have to pay interests on CHF at this rates depending on your position size:
https://www.interactivebrokers.com/e...st&p=schedule2


You would be better with future contracts if you can afford a position size in increments of 125K
  • #13,492
  • Dec 18, 2014 10:45am Dec 18, 2014 10:45am
Hi Guys,

I am using Dukascopy, although I am in UK, was satisfied but they decreased leverage for EC from 1:300 to 1:10, which effectively wiped out my open positions.

Thinking of changing for a better broker, and also UK located - please advice. Thanks
  • #13,493
  • Dec 18, 2014 10:48am Dec 18, 2014 10:48am
Quoting Mevo
{quote} With IB, on a forex transaction, if you long E/C, you would get nothing for holding Euros and would have to pay interests on CHF at this rates depending on your position size: https://www.interactivebrokers.com/e...st&p=schedule2 You would be better with future contracts if you can afford a position size in increments of 125K
ty Mevo, how would it work if i want to long 500 standart lot of 100.000$ each in EUR/CHF in future contracts ? what margin would i need and what would be the swaps rollvoer per day ?
  • #13,494
  • Dec 18, 2014 10:52am Dec 18, 2014 10:52am
Quoting Kain83
Hi Guys, I am using Dukascopy, although I am in UK, was satisfied but they decreased leverage for EC from 1:300 to 1:10, which effectively wiped out my open positions. Thinking of changing for a better broker, and also UK located - please advice. Thanks
When did Dukascopy changed your margin ?
  • #13,495
  • Dec 18, 2014 11:09am Dec 18, 2014 11:09am
Quoting Luigi111
{quote} ty Mevo, how would it work if i want to long 500 standart lot of 100.000$ each in EUR/CHF in future contracts ? what margin would i need and what would be the swaps rollvoer per day ?
why not longing 1 million standard lots??
  • #13,496
  • Edited 11:32am Dec 18, 2014 11:11am | Edited 11:32am
Quoting Luigi111
{quote} ty Mevo, how would it work if i want to long 500 standart lot of 100.000$ each in EUR/CHF in future contracts ? what margin would i need and what would be the swaps rollvoer per day ?
Come on, you could do the math yourself rather than asking others to do the work for you.
Margin = 1:50, it's a US broker. It's the same for Dukascopy's margin, just search a little back in this thread.

500 lots = 50 Millions
50.000.000 * 0,5% = 250.000
+ 1% on first 100K and + 0,5% on next 900K = + 1000 and + 4500, so total interest yearly = 255K
255.000 / 360 = 708,33 Euros (in fact you pay the equivalent CHF value of this every day)

Margin = 1 Million Euros, or the equivalent in any currency supported by IB.

I have some serious doubts that someone not doing this simple math himself with the link of the interest rates and talking of $ when mentionning the size of a EUR/CHF lot, just to mention this two examples, may be serious about entering a 50 Million position. Another J. Clinton or James Caan

EDIT: I see by reading again your post that you asked about future contracts. First do some little research about futures and how it works, and then the "swap" is integrated in the price. So it depends on when you enter the position. You compare the future and spot price and do the math until the expiration of the contract. You would then have locked your "swap" until you rollover your position.

The margin is approx 1:100, around 1200 Euros per 125K contract. You would only need 500K margin for your 50 Mil position

Prices right now:
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  • #13,497
  • Dec 18, 2014 11:13am Dec 18, 2014 11:13am
Quoting Kain83
Hi Guys, I am using Dukascopy, although I am in UK, was satisfied but they decreased leverage for EC from 1:300 to 1:10, which effectively wiped out my open positions. Thinking of changing for a better broker, and also UK located - please advice. Thanks
If you want some Dukascopy style broker, there is LMAX.
Or if you take some more long term positions and agree to go with a market maker, I'm globally satisfied with Oanda.
  • #13,498
  • Dec 18, 2014 11:30am Dec 18, 2014 11:30am
Thanks Mevo. Oanda can be good but I am a bit worried its a Market maker.
Yes majority of my trades are long term, so overnight swaps cost is very important.

Dukascopy change ther EUR/CHF margin to 1:10 on 12th of October

http://www.dukascopy.com/swiss/english/about/ournews/

also changed USD/RUB to 1:10 yesterday, with just 24h notice (e.g. you just have to sell or we will sell for you).

Very unprofessional.

Was thinking of going for a direct platform and skip the broker, like FXCM but as I saw what happened with the down spike to EC 1.984 I better not go for them.

Any other opinions regarding a good broker would be welcome

Thanks!
  • #13,499
  • Edited 12:32pm Dec 18, 2014 12:19pm | Edited 12:32pm
Kain: About the Ruble, quite everybody did the same yesterday (I agree it isn't an excuse). With small differences. Just raising the margin was maybe not the worse. It's was a quite exceptional situation, but it's still not nice. Some brokers didn't allow just to open new trades but allowed to exit, some shut down everything (not able to enter or exit), some raised margin...

Oanda's swaps aren't too bad. And overall, as said, I have always been quite satisfied. So I would recommend it for your kind of trading. During the years I have been with them, I feel they never abused of their market maker's status.

There is the futures market, which has a lot of advantages, and you can go with IB then which is good and has a UK branch. On majors like EUR/USD, you have mini contracts of just 12.5K available.

I have always regarded Dukascopy as a good broker, but never traded with them until now.
I understand the 2 points that you dislike, but it is still exceptionnal situations, and I have seen far worse with brokers !

EDIT: Kain, please answer with a private message if you want to continue speaking brokers as it's not EUR/CHF related.
  • #13,500
  • Dec 18, 2014 12:36pm Dec 18, 2014 12:36pm
Nordea prediction about eurchf

http://www.efxnews.com/story/27336/w...e-rates-nordea
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