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: www.tradingview.com

 

 
Good luck Champs!
 
Mr Hawk
 
 
 
 
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