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EUR/CHF

  • #13,541
  • Dec 25, 2014 1:58pm Dec 25, 2014 1:58pm
Yahoo finance reported days low as 1.1909

I don't know what this means if anything for those holding positions.
  • #13,542
  • Dec 25, 2014 2:05pm Dec 25, 2014 2:05pm
Quoting MCRotter
Yahoo finance reported days low as 1.1909 I don't know what this means if anything for those holding positions.
All depends on the price when your brokers opens for trade what ever happens during brokers closing hours will not effect your orders or positions
  • #13,543
  • Dec 25, 2014 2:30pm Dec 25, 2014 2:30pm
on xe.com High 1.2073, Low 1.2006, Now 1.2025
  • #13,544
  • Dec 25, 2014 2:32pm Dec 25, 2014 2:32pm
In this case I hope XE.com is right :-/

Hope EBS wasn't at or below 1.20
  • #13,545
  • Dec 26, 2014 2:28am Dec 26, 2014 2:28am
Everything is fine.Never watch the price when it is holiday.
  • #13,546
  • Dec 26, 2014 3:15am Dec 26, 2014 3:15am
Quoting jassson
Everything is fine.Never watch the price when it is holiday.
Not totally correct, for Knock Out Warrants the price counts at reference every time...
  • #13,547
  • Dec 26, 2014 3:26am Dec 26, 2014 3:26am
Quoting memberx
{quote} Not totally correct, for Knock Out Warrants the price counts at reference every time...
Price count when your broker is open.
if broker is closed price changes up or down will not affect your account.
  • #13,548
  • Dec 26, 2014 3:30am Dec 26, 2014 3:30am
Once again, Knock Out Warrants are no Broker Positions, Reference Price is EURCHF=EBS on Reuters...

And as far as I know this counts every time... so anybody knows if EBS was at or below 1.20000? ?
  • #13,549
  • Edited 7:17am Dec 26, 2014 5:52am | Edited 7:17am
Quoting memberx
Once again, Knock Out Warrants are no Broker Positions, Reference Price is EURCHF=EBS on Reuters... And as far as I know this counts every time... so anybody knows if EBS was at or below 1.20000? ?
Maybe not many people deal with with "knock out warrants". In fact a play of poker seems more enticing.
  • #13,550
  • Dec 26, 2014 9:42am Dec 26, 2014 9:42am
KO Warrants is same as if you set a Stop Loss at your broker at 1.20 Leverage 1:100, only the reference price is the official EBS price not a broker quote
  • #13,551
  • Dec 26, 2014 10:59am Dec 26, 2014 10:59am
SNB Statement in german:

NB RELATIVIERT
Die SNB reagierte am späteren Freitagnachmittag und relativierte den Kurs. «Bei den in den Medien gemeldeten Kursen handelt es sich um unverbindliche Preisindikationen, die einzelne Banken ihren Kunden offerieren», heisst es in der SNB-Mitteilung. Die zitierten Daten zeigten daher in keiner Weise an, dass im Interbankenmarkt Transaktionen unter 1,20 Franken pro Euro stattgefunden hätten.
Der Mindestkurs sei zu keiner Zeit verletzt worden - vielmehr sei der Mindestkurs von 1,20 Franken pro Euro auch über die Festtage «jederzeit sichergestellt».

http://www.nzz.ch/finanzen/newsticke...ert-1.18451242


SNB mentions that the price is just an indicative quote of some banks offered to clients. The prices are no transaction prices in interbank market, the price there was never below 1.20 during the xmas holidays.
  • #13,552
  • Dec 30, 2014 8:45am Dec 30, 2014 8:45am
I just get this message from Robo Forex ....they are changing margin for eur/chf !!!!

Dear Clients!
We’re informing you that because of the changes introduced by liquidity providers, margin requirements for this trading instrument will be changed in the following way:

  1. For MetaTrader4 and MetaTrader5 ECN accounts, the leverage for EURCHF positions will be 12 times less than the current leverage of the trading account.
  2. For MetaTrader4 and MetaTrader5 Standard and Cent accounts, the leverage for EURCHF positions will be 20 times less than the current leverage of the trading account.
  3. For cTrader ECN accounts, the maximum leverage for EURCHF positions will be limited to 1:25, regardless of the current leverage of the trading account.

These changes are effective as of January 1st 2015 and applied to all EURCHF positions, both the ones that are already open and will be opened in the future. Thus, when the trading session opens at 8 AM (EET) on January 2nd 2015, the above-mentioned margin requirements will be in effect.

  • #13,553
  • Edited 11:07am Dec 30, 2014 10:50am | Edited 11:07am
Quoting Ema
These changes are effective as of January 1st 2015 and applied to all EURCHF positions, both the ones that are already open and will be opened in the future. Thus, when the trading session opens at 8 AM (EET) on January 2nd 2015, the above-mentioned margin requirements will be in effect.
As*h0les !

"You a have a highly leveraged position ? We just inform you at the very last moment, so that you're unable to deposit more money. And if we're really lucky and you left for the new year eve, maybe you won't see this message soon enough and we may even be able to margin call you. Happy new year. Respectfully, RoboForex and their liquidity providers."

I'm glad regulators are here to protect traders, what would we do without them.
I'm really getting sick of all this, and I'm not even affected by this case.
  • #13,554
  • Jan 3, 2015 4:53am Jan 3, 2015 4:53am
Quoting Paz
{quote} Hypothesis: EU at 1.15 by Feb. due to QE / Grece 2 crisis / whatever. Would SNB keep the floor ? Or would drop it and seek instead substantial trade balance averaging the two major currencies ? The stronger the dollar, the bigger the dilemma for SNB. It's not easy to be rich.
Well, time will tell

EURUSD is at 1.20x and EURCHF is still at 1.20219 but USDCHF above parity 1.0017

If things remain the same at 1.20 and EU 1.15, that would put UC at 1.0437
  • #13,555
  • Jan 3, 2015 4:58am Jan 3, 2015 4:58am
They still have not been challenged by the floor. The have negative interest rates and the can also rise the floor to 1,25 to stop spekulators o the CHF
  • #13,556
  • Jan 3, 2015 5:13am Jan 3, 2015 5:13am
Quoting MarianneOslo
They still have not been challenged by the floor. The have negative interest rates and the can also rise the floor to 1,25 to stop spekulators o the CHF
How are they (SNB) going to raise the floor to 1.25 ....... (Negative LIBOR don't seem to do much) .........

Either way, it doesn't matter much to me as I am long EURCHF and USDCHF
  • #13,557
  • Jan 3, 2015 5:43am Jan 3, 2015 5:43am
Quoting Ken A
{quote} How are they (SNB) going to raise the floor to 1.25 ....... (Negative LIBOR don't seem to do much) ......... Either way, it doesn't matter much to me as I am long EURCHF and USDCHF

They managed to raise it from 1,15 to 1,2 so why not raise to to 1,25. If they do not do this they will be soon challenged the floor. In 2012 they started with negative interest rates before they raised the the currency to the floor 1,2.
  • #13,558
  • Jan 3, 2015 5:52am Jan 3, 2015 5:52am
Quoting MarianneOslo
{quote} They managed to raise it from 1,15 to 1,2 so why not raise to to 1,25. If they do not do this they will be soon challenged the floor. In 2012 they started with negative interest rates before they raised the the currency to the floor 1,2.
I think it was in Sept 2011

Good, SNB will speed up my target to 1.080 by raising the floor ....

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  • #13,559
  • Jan 3, 2015 6:05am Jan 3, 2015 6:05am
Ken!
It might be n my dreams but SNB must do something now.
  • #13,560
  • Jan 3, 2015 10:35am Jan 3, 2015 10:35am
Quoting MarianneOslo
Ken! It might be n my dreams but SNB must do something now.
Honestly, my opinion is that it's only in your dreams. If it can reassure you, you're not the only one to dream.
The SNB doesn't "need" anything or to do anything. YOU would like them to do something because you probably are long EUR/CHF. Don't confuse both.

Let's be honest one second: raising the floor would put MORE pressure on it, not the opposite.
To lower the pressure on the floor, they would need to LOWER it, not the opposite.

Now, they can just let things like they are. They want E/C to not drop under 1.20 and things are going pretty well for them until now.
If they don't need to buy too much EUR to defend the floor, I guess everything is just fine for them. And it seems they don't need to buy any EUR at all since a very long time, because it still stays above 1.20.So why change anything ?

Like I said, if the pressure on the floor becomes too strong and they don't want to increase their balance sheet any further, the solution is to lower the floor to 1.15 or 1.10, not to raise it in any case. Raise the floor would make them buy a lot more of EUR just to raise the floor, and it only will be harder to defend it then...
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