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http://www.swissinfo.ch/eng/swiss-national-bank-scraps-exchange-rate-ceiling/41217364

http://www.reuters.com/article/2015/01/15/swiss-snb-shorts-idUSL1N0UU1W620150115 "Similarly, a forex options trader at a large brokerage who trades on the CME floor in Chicago said his firm stopped trading options in the Swiss franc a few weeks ago because overall volumes were increasing...

Still on the Corn/ethanol subject, I always wondered how much value ethanol would lose if the renewable fuel mandate would be abolished... Physical US demand would drop but at the same time, the RIN substitute has always been available...And ethanol stocks should be sold in Brazil, India, Canada...

Just a cost if life thing. I didn't lose on trades. I live in Switzerland and earn in USD...

No but living in Switzerland.

At least it was a trade... Not some macro event you have no control over which affect your currency...But yes I hear you... I was scalping Cotton in Winter 2011 and it was really wild. The worst stuff is the one you have no control over( limit days, one leg exchange cancellation...)

http://www.theguardian.com/business/2015/jan/15/swiss-franc-what-the-economists-say

Yes. USD shouldn't have dropped as much as EUR...

Fuck this. Life continues. Anybody has an idea if the CHF mess can have repercussions on cocoa. Barry Callebaut and Nestlé are Swiss...

Some people definitely blew up today for sure, so I will be OK. Waiting for the stories from casualties( HF, prop firms, banks...)

http://www.bloomberg.com/news/2015-01-15/europe-stock-index-futures-jump-indicating-equities-to-rebound.html I just lost around 10 % of my Net Worth where I live( Switzerland ). My assets are 1/3 in USD, 1/3 in EUR and only 1/3 in CHF.

Who knows active liquidity providing firms in CHF crosses or SF futures? My guess is they need more whiskey than me.

In memory of my hard earned dollars who lost all their value where I live this morning, I will observe a day of silence.

I live in Switzerland and trade US exchanges. I haven't drunk in 2 years but I need whiskey right now. :( Sometimes the market is a really scary place...

Now I feel insecure about this spread.Thank you man...lol... If Fats breaks previous low of last month, perhaps I am exiting...

http://www.agrimoney.com/news/ethanol-futures-hit-9-year-low-weighing-on-corn-prices--7865.html

I can't. But this spread kind of broke out of of a trading range between -7000 and -11000 with this weird shape triple bottom. I think it will go to -5000... And anyway the seasonals are still bullish fats vs feeders until early February, so I can't see a reason to get out now...I have a longer...

Of course ethanol is dropping with oil so ethanol production margins are down to nil now, but at the same time cheap oil will increase consumption and thus ethanol production because of blending mandates...

Big one today.

Long Mar KC/ Short Chicago Wheat @ 34 on seasonality and a feeling that KC have been oversold in the last leg down( "Russian sell the news" )compared to euro wheats. I would have preferred to be filled post report...