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What's not to gray, take advantage of the Central Bank's price restraint at certain levels?
For example, now:
Acting Swiss National Bank president Thomas Jordan said on Tuesday that confidence in the central bank had not suffered after the Swiss franc briefly breached its upper limit of 1.20 francs per euro on Thursday, but acknowledged that such breaches of the ceiling could happen again. "The fact that some trading in the euro/franc pair last Thursday occurred below 1.20 has raised some doubts about the Swiss National Bank's resolve to protect the minimum cap," Jordan said in a briefing on Tuesday. "I want to make it clear from the outset that such doubts are misguided," Jordan said. "The Swiss National Bank will defend the floor cap by all means at its disposal and we are ready to buy foreign currency in unlimited quantities for this purpose," he said. The Swiss National Bank called a briefing on Tuesday to explain what happened on Thursday when the franc was briefly offered at 1.1990 francs per euro, against the central bank's determination to keep the euro at 1.20 francs. In just a few seconds, the euro/franc pair fell from 1.2020 to 1.2000, and despite sell orders from the Swiss National Bank posted on trading systems, individual trades were made below 1.20 francs per euro," Jordan said.
However, "never has the most profitable euro rate on the market fallen below 1.20 francs," he said. "For a short time, therefore, transactions in the so-called segmented market were concluded below the most favourable rate, but the situation was rectified within seconds through arbitrage," he added. The head of the Swiss National Bank does not rule out the possibility of such deals being possible in the future between banks that do not have a trading limit agreement with the Swiss National Bank. "We cannot completely control the franc market, and somewhere someone may agree on a euro exchange rate below 1.20 francs, but not in the interbank market," he said. He said rates below 1.20 francs per euro have been offered by banks that do not have a trading limit agreement with the Swiss National Bank, and banks in such transactions must be prepared to take a loss. "Since no one is forcing transactions at the most favourable exchange rate, such anomalies cannot be completely ruled out, but they are only possible for a very short period of time," he said. The Swiss National Bank monitors foreign exchange markets around the clock, including more than 100 banks and more than 700 trading venues, Jordan said. "Thanks to this system, the global foreign exchange market is almost completely covered, and the minimum cap is always in effect," he said.
FRIDAY COMICS ))
Give me a normal copier or tell me how to use a normal one, I'll tell you the secret of the slivanter ))))
You can't spell "m" in a row.
:)
5+
What a topic, 26 pages in half a day... a record, though. What a great topic Alexander raised :0))
It's like playing the 5 out of 36 lottery. The system picks 12345, the copyist with a flip bets 54321. What is the probability of winning.
Right now your system is flopping, there is good movement and the flip copier is making money. In a flat market, the system will stagnate or God forbid, make money and the copier will do his thing, sell the depo.
With what probability will a martin with a deposit of 100 quid and an initial lot of 0.1 go bust?