Market has always been barbarous and the market is right. That fact didn't alter. The real impact it had on me is that the impression I have using brokers. Some seem to be much better than others.
Market has always been barbarous and the market is right. That fact didn't alter. The real impact it had on me is that the impression I have using brokers. Some seem to be much better than others.
The conspiracy theorist in me wonders exactly what quantum of effect was associated with the frequency robots to help a price move following the announcement. I would really like to know who had been last week's silent BIG winners. There are sharks I tells ya and Guppy's like me don't like it. :--LRB-
it's definately getting a more demanding sport over the years with developing central bank intervention and the dependence being made for QE's. Who reallly knows what's coming aside from string pullers themselves?
It is becoming so fast and furious nowadays, the guide traders among us are becoming a dying breed. As I saw the usdchf fall, at the time it took to the saliver to drip from my mouth and hit the keyboard it was Game over Man!!!!! ....we are now dealing with a different alien breed. The central bankers mostly come for us down here in Aus. :--LRB-
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I am with you there.Originally Posted by ;
How do news like that stay within the bank and not get leaked at all? If it is a act of war, did they let their banks in on the information before the action and let them adjust their positions? Did they inform their Allies? Did they inform the FED? Who knows, but you'd have to assume anyone else who they told prior, in addition to that the SNB made a fortune from it.
Haha - they mostly come at night... mostly.
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*sniggers*...I like the let's build a fire and sing songs comment! The kind think everythings gonna beOriginally Posted by ;
While I admit it is very tempting, likely too tempting, not to exchange when you have such details. Lets remember that the SNB is sitting on a large sum of EUR, USD, GBP and likely other currencies. So the reduction in value of these influenced them .Originally Posted by ;
Until I have evidence of the contrary, I'm prepared to believe the SNB had no other choice or simply suppressed the impact on the markets. We have to admit a peg to a currency undergoing QE doesn't make much sense and perhaps the ECB advised the SNB a bit too late of the QE programs, I wouldn't be surprised. In addition to this, I can't believe their doings are great for the swiss market, so it is merely logical to suppose either a no choice and/or effect choice that is underestimated.
This week I'm sitting on my hands. We've Draghi's announcement re. We've got reporting from FX brokerages in Cyprus Tuesday, and there will be a string of companies, banks and hedge funds suffering very badly with this. Many will probably be shell shocked, so volumes may be very low, so price swings can be erratic. The whole world should rebalance against this move. We have no clue how much equity obtained wiped out , and we won't for a while. In this business I am, before anything else, a risk manager, and this week smells like trouble. Please be very careful if you decided to wade in.
Was anyone made cash and was short on USDCHF/EURCHF and here on the side of the CHF event? Seems like most folks I come accross were on the side.
Jim cramer on cnbc:
are people even supposed to be in this market? - talking to this ib's ceo (peterffy).
So what is your question again? :-)