I see the indices all linked to the French election. Hence all brokers are mitigating client counterparty risk by cutting leveraging. I closed out my AUDCHF short just now which is linked to EUR although any gaps come monday will not be as severe as Fiber.
The way I see it, we know who is most likely gonna win. It is the margin of win that matters for Macron so the worse case scenario is a 51% - 49% which means Le Pen will have a very strong chance at the next election so Macron will have to shift right, be tough with EU bureaucrats who are themselves dealing with Brexit! That scenario will be a big mess for Fiber and crosses as well as gold.
CACS40 jumped 4% Monday following Macron's leading candidature. Does your broker widens spread after physical XJO closes? I stopped playing indices because I don't really understand the mechanics that drives it.
Hell if it hits 6000 I might take a short myself from next week. you shorted at 5955? Great trade! hope the pips flow through.
PLS - Chart Update, page-130
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Last
$2.90 |
Change
0.020(0.69%) |
Mkt cap ! $8.732B | |||
| Open | High | Low | Value | Volume |
| $2.86 | $2.94 | $2.80 | $102.1M | 35.55M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 314863 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.91 | 20820 | 2 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |