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Negative swap for both currency pairs for EURJPY?

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Young Ho Seo
15796
Young Ho Seo 2014.12.22 05:54 

Hello Fellow Traders.

Just one interesting question about Swap rate.

Using this code below, I sometimes get negative swap rate for both currency pairs. Does this make sense in terms of economics ?

For example, for EURJPY, I get long swap = -0.5 and short swap = -3.0. Is this means that I will lose swap which ever direction I trade for this EURJPY pairs?

Please share your wisdom.

Regards.


        double longSwap = SymbolInfoDouble(Symbol(), SYMBOL_SWAP_LONG);
        double shortSwap = SymbolInfoDouble(Symbol(), SYMBOL_SWAP_SHORT);
Stuart Browne
5794
Stuart Browne 2014.12.22 07:21  
FinanceEngineer:

Hello Fellow Traders.

Just one interesting question about Swap rate.

Using this code below, I sometimes get negative swap rate for both currency pairs. Does this make sense in terms of economics ?

For example, for EURJPY, I get long swap = -0.5 and short swap = -3.0. Is this means that I will lose swap which ever direction I trade for this EURJPY pairs?

Please share your wisdom.

Regards.


Yup, happens on quite a few pairs. Here's a list from one of my brokers showing negative long & short swap rates:

               Long      Short

CHFJPY     -160    -130

CHFSGD    -3.8    -1.4

EURCHF    -0.4    -2.3

EURDKK    -6.8    -13.2

EURGBP    -1.9    -0.7

EURJPY    -0.4    -2.4

EURSGD    -2.6    -2.4

EURUSD    -1.1    -1.3

GBPSGD    -1.2    -4.1

GBPUSD    -0.3    -2.9

NOKJPY    -0.6    -2.1

NOKSEK    -0.7    -3.7

SEKJPY    -0.8     -1.8

SGDJPY    -8       -28

USDCHF    -0.7    -2

USDCZK    -24     -42

USDDKK    -6.1    -10.1

USDJPY    -0.7     -2

USDSGD    -1.9    -1.8

XAGEUR    -0.19   -0.09

XAGUSD    -0.19   -0.09

XAUEUR    -13      -6

XAUUSD    -13     -6

Young Ho Seo
15796
Young Ho Seo 2014.12.22 13:07  
Filter:

Yup, happens on quite a few pairs. Here's a list from one of my brokers showing negative long & short swap rates:

               Long      Short

CHFJPY     -160    -130

CHFSGD    -3.8    -1.4

EURCHF    -0.4    -2.3

EURDKK    -6.8    -13.2

EURGBP    -1.9    -0.7

EURJPY    -0.4    -2.4

EURSGD    -2.6    -2.4

EURUSD    -1.1    -1.3

GBPSGD    -1.2    -4.1

GBPUSD    -0.3    -2.9

NOKJPY    -0.6    -2.1

NOKSEK    -0.7    -3.7

SEKJPY    -0.8     -1.8

SGDJPY    -8       -28

USDCHF    -0.7    -2

USDCZK    -24     -42

USDDKK    -6.1    -10.1

USDJPY    -0.7     -2

USDSGD    -1.9    -1.8

XAGEUR    -0.19   -0.09

XAGUSD    -0.19   -0.09

XAUEUR    -13      -6

XAUUSD    -13     -6


Thanks for always very helpful information.

Your brokers seems to be quite bad one.

I get some positive swap for EURUSD and GBPUSD and some other pairs like below:


EURUSD:   Swap Long: -1.300000,  Swap Short: 0.100000

GBPUSD:   Swap Long: 0.500000,  Swap Short: -2.300000


Your broker seems to charge negative sway for any currency pairs.

Just personally very curious if you are really happy to trade with the brokers like yours with bad swap rate. :) :)

Regards.

Stuart Browne
5794
Stuart Browne 2014.12.23 01:17  
FinanceEngineer:


Thanks for always very helpful information.

Your brokers seems to be quite bad one.

I get some positive swap for EURUSD and GBPUSD and some other pairs like below:


EURUSD:   Swap Long: -1.300000,  Swap Short: 0.100000

GBPUSD:   Swap Long: 0.500000,  Swap Short: -2.300000


Your broker seems to charge negative sway for any currency pairs.

Just personally very curious if you are really happy to trade with the brokers like yours with bad swap rate. :) :)

Regards.

You're very welcome FE :)

I use different brokers for different strategies. This one has pretty bad swaps but very very tight spreads, low commission and good rebates. So I use this one for intraday trading so swap rates don't matter.

 

Cheers 

Young Ho Seo
15796
Young Ho Seo 2014.12.23 19:57  
Filter:

You're very welcome FE :)

I use different brokers for different strategies. This one has pretty bad swaps but very very tight spreads, low commission and good rebates. So I use this one for intraday trading so swap rates don't matter.

 

Cheers 


It makes good sense to choose different brokers for different strategy.  If your strategy does not hold the position for long time in the market like scalper, then you should choose brokers with tight spreads.  :) :)

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