Retail broker Plus500, whose shares trade on AIM, the London Stock Exchange’s international market for smaller growing companies cites the "company's proprietary risk management system" as robust. As such, exposure to the Swiss Franc spike today had no impact, better yet, the firm had a profitable day...
Read moreFxPro decides to immediately halt all trading on CHF pairs...
Read moreThe Financial Times is reporting that global brokerage house IG Group said that it could face a hit of up to £30m ($45m) after the Swiss franc shot up near 30% and settled near parity with the euro following the Swiss National Bank's decision to remove its longstanding exchange rate peg of 1.20 EUR/CHF. An…
Read moreReuters is reporting that Gain Capital (NYSE: GCAP) today has suspended trading in Swiss francs due to the surge in swissy volatility after the Swiss National Bank unexpectedly abandoned the currency's exchange rate cap against the euro. "We're just waiting for our liquidity providers to come back and say they will provide liquidity again," said Kathleen…
Read moreAs the Swiss Franc true market value is being unleashed after the 1.20 euro peg dropped, spreads are whipsawing from liquidity providers anywhere from 50-100 pips in volatile trade
Read moreApparently the SNB has decided it can't defend EURCHF 1.20 just by intervention.
Read moreWeekly volumes in the franc against both the euro and dollar are above the 90th percentile relative to the past five years, Deutsche Bank AG strategists Daniel Brehon and Nicholas Weng wrote in a report yesterday
Read more“With monetary easing under way by the ECB and Swiss inflation still trending below target levels, the SNB will have to extend the currency cap against the euro into mid-2016 at the very least,” said Bernard Yaros, associate economist at Moody’s Analytics in West Chester, Pennsylvania.
Read moreIn Swissquote’s Tuesday short term technical trading report, the research team outlines the major technical levels of popular currency instruments with forecasts, below is the outline for USD/CHF and USD/CAD. To view and download (PDF) the entire report, click here. USD/CHF: Monitor the short-term declining channel • USD/CHF strengthened yesterday, erasing all the losses made…
Read moreRetail forex trading among Swiss traders has dropped off since September 2011 cap was put in place, killing CHF volatility. The Swiss National Bank (Switzerland's central bank), in its periodical Monetary policy assessment, has announced plans to keep its CHF 1.20 per Euro cap in place, and will not allow the Swiss Franc to strengthen below…
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