Hello everyone!
I have a general idea of what swaps are. They represent the difference in interest rates for one currency to another. You get a positive swap over night, if you are long in currency that has higher interest rates and negativ swaps if anything else, right? But then, how can both currencies have negative (or positive) swaps? You pay for long or short over night either way... Well that is probably because the probability that the currency will rise soon or interest rates might change soon? I don't knot, you might know better.
Then, I assumed swaps do not vary too much between different brokers. As I discovered, they do a lot. For example: The Long (short) swap on EURJPY with purple trading is -3.53 (-0.01) right now while it is 0.01 (-0.001) with swiss quote. It is not even the same factor between long and short. I know Brokers can make their own rules prices. But they are limited to arbitrage. I must add, the swaps from purple trading are taken from meta trader while the swaps from swiss quote are from their website though they state they are the current swaps.
Third, I am look for some historical data on swaps for my analysis. So if anyone know where to get them. This would be irrelevant, if the swaps really vary that much.
I have a general idea of what swaps are. They represent the difference in interest rates for one currency to another. You get a positive swap over night, if you are long in currency that has higher interest rates and negativ swaps if anything else, right? But then, how can both currencies have negative (or positive) swaps? You pay for long or short over night either way... Well that is probably because the probability that the currency will rise soon or interest rates might change soon? I don't knot, you might know better.
Then, I assumed swaps do not vary too much between different brokers. As I discovered, they do a lot. For example: The Long (short) swap on EURJPY with purple trading is -3.53 (-0.01) right now while it is 0.01 (-0.001) with swiss quote. It is not even the same factor between long and short. I know Brokers can make their own rules prices. But they are limited to arbitrage. I must add, the swaps from purple trading are taken from meta trader while the swaps from swiss quote are from their website though they state they are the current swaps.
Third, I am look for some historical data on swaps for my analysis. So if anyone know where to get them. This would be irrelevant, if the swaps really vary that much.
May the Pip be with you.