"King Hit” .. No one and I mean No one saw it coming" Jamesph a...

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gse1963

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24/01/15

14:51

Post #: 14635857
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Originally posted by jamesph61 ↑

Hi Oz

just a bit of Saturday morning brain fart from me

Expect more volatility from now on after the swissy sent everyone into melt down ...It’s as if these sorts of moves have been trickling throughout the majors one by one since then and now just happens to be the Aussie’s turn ... there has been a big shift in the way forex will be played and will take a few months maybe years to settle.

I don’t think the long term view/forecast for a particular currency will change, just they way it gets there will be a hell of a lot more volatile.

Don't underestimate the impact that move by the SNB has had, the way margins and spreads are calculated are being reviewed and adjusted all over the shop, institutions are readjusting their business models as they have been hit hard with one foul blow.
the classic "King Hit” .. No one and I mean No one saw it coming

Until now Forex was an industry normally running on the credo "honer amongst thieves” and as a collective, has now had one of their own turn on them, doing its own thing in a big way without the normal back room heads up to the others.

Once it was just us retail traders flying solo but now for even the Big players it's every man for himself and until the big boys can patch things up and re-establish trust between each other they will run their own race and the market will be extremely erratic and way more unpredictable IMO

Cheers ..... J

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"King Hit” .. No one and I mean No one saw it coming"

Jamesph a few forex providers had increased the margin on CHF some months ago as they knew something was happening OR they suspected something would happen .
read no 16 dukascopy , i think axi also increased margin requirements some time ago on CHF which means others did as well .
cheers g

Price at posting: 1.2641 Sentiment: None Disclosure: Not Held
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"King Hit” .. No one and I mean No one saw it coming" Jamesph a...

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"King Hit” .. No one and I mean No one saw it coming" Jamesph a...

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