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Czech Koruna CZK intervention
- Thread starter m22au
- Start date
Nobody other than the CNB board knows... Not you, not me, not some clever-sounding analyst. You could very well be right and they could be happy with the effects of their verbal intervention. The interesting question here is really what happens when the mkt decides to test them, like it did with the SNB.Quote from m22au:
Thanks Martinghoul.
Another interpretation could be that they only needed to buy EUR 1.8 bn because their words did the work for them. But I defer to your knowledge and expertise in this area as you probably know more about this than I do.
Quote from Martinghoul:
Nobody other than the CNB board knows... Not you, not me, not some clever-sounding analyst. You could very well be right and they could be happy with the effects of their verbal intervention. The interesting question here is really what happens when the mkt decides to test them, like it did with the SNB.
He knows that people know that he knows they know he is a bluffer, and that they are right. The reason he could talk with less to no worry and get the work done for him is the absence of a positive carry.
Hi all, it has been a time since CNB started with interventions. According to their announcements interventions will quit at second half (or maybe at the end) of 2016. Now the price for 1€ is about 27,020 CZK.
It looks like a really great opportunity for short CZK right before the end of int.
What do you think, does anybody have some experience with trading the end of interventions?
It looks like a really great opportunity for short CZK right before the end of int.
What do you think, does anybody have some experience with trading the end of interventions?
With Interactive Brokers you can trade whatever currencies you want in any possible combination.
But I would like to prepare a plan for this nice trade.
Any suggestions, what could happen after CNB will quit their int?
I'm trying to set up possible situations and scenarios. Also, the question is, what could be the target price. Until now I just try to compute correlation coef. for CZK with two other Central European Currencies but there is nothing valuable:
Correlation Coefficients from 6/2009 - 11/2013 (interventions started at 11/08/2013) are:
EURCZK vs EURPLN: 0.47
EURCZK vs EURHUF: 0.34
...not much... so we can not determine the target price with EUR from these two... (other countries like Slovakia already has EUR...)
Except the target price, I also want to make analysis about:
But I would like to prepare a plan for this nice trade.
Any suggestions, what could happen after CNB will quit their int?
I'm trying to set up possible situations and scenarios. Also, the question is, what could be the target price. Until now I just try to compute correlation coef. for CZK with two other Central European Currencies but there is nothing valuable:
Correlation Coefficients from 6/2009 - 11/2013 (interventions started at 11/08/2013) are:
EURCZK vs EURPLN: 0.47
EURCZK vs EURHUF: 0.34
...not much... so we can not determine the target price with EUR from these two... (other countries like Slovakia already has EUR...)
Except the target price, I also want to make analysis about:
- End of interventions somewhere else - what was next?
- How much is 1pip with 1lot
- When to place a trade
- What about SL
- etc...
Do you know any broker that offers USD/CZK? Can't find it in my Hotforex platform
its offered i checked it out here, just use the search function on the page, hope it helps
https://www.hotforex.com/en/trading-products/trading-details-forex.html