Mr Price Action/ January 27, 2017/ Did You Know ?/ 0 comments

EURCZK floor removal
  • No interest of Czech National Bank (CNB) to do
    it before 2016 year end
  • Officially looking to
    wait until summer
  • …but there are elections
    taking place in Oct 2017
  • ...and CNB can eventually
    act soon, at the beginning of the year, so the dust around unhappy local
    businessmen has the time to settle before elections
  • Please be aware of
    strong initial two-way volatility upon removal
  • Still very risky and
    margin expensive trade despite likelihood of CZK strengthening
  • Not sure whether CNB will do it in steps or not
EURCZK - Source:


Good luck Champs!
Mr Hawk
DISCLAIMER: This material was created for informational
purposes only and represents the Land of Trading team’s view of the past and
current economic and capital market environment. It is not an investment advice
and should not be viewed that way at all, and the creators of this material
cannot be held liable for any potential losses resulting from trading, where
despite this disclaimer someone would consider this material as an investment
advice. All rights reserved ©2016. Contact: landoftradingATgmailDOTcom
Share this Post

Leave a Comment

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>