Will Norway and Danish banks take your foreign Euro investment unlike Switzerland? ECB bombshell tsumani comes this Thursday?
This came in from Oanda:
ECB’s Draghi Cannot Afford to Lose Street Cred This Week
Rate divergence is a major trading theme for 2015. Yet no one expected the imminent impact of varying rate policies so early in the new calendar year. For months the market has been focusing on the Federal Reserve or the Bank of England to hike interest rates, but both banks have pushed the timing to do so further out the curve. Now there’s a real possibility that the European Central Bank will introduce its own quantitative easing policy on January 22.
In light of these events, investors have to broaden their horizons to include Tier II central bank policies, the proactive measure undertaken by the Swiss National Bank last week, and the impacts that the Swiss action may have on other national central banks in the euro region. Currently, Scandinavian banks are joining the Danish government in trying to persuade offshore investors that the Nordic countries will not copy the Swiss and drop their euro pegs — the diverging rate storyline has gotten far more interesting. >> Read More
This comes tomorrow which could cause another tsunami like the Swiss National Bank. You have been warned as well.
Should question other banks and other substandard forex trading brokers from this Swiss National Bank CHF bombshell?
This came in from someone via my Facebook group (thanks to him for stating)
Here is very interesting thread, especially the part of Saxo Bank trades execution. Poor guys, IMO once the order is executed at certain price, they can’t take it to the lowest low the next day. Poor guys. “”Initaly I was working with 20 000 USD, last morning 12:00 I fell to 16000 usd and I couldnt withdraw it from the account. After that they recalculated my loss and said that I am -400 000 usd, and a bit later -560 000 USD”” http://www.forexfactory.com/showthread.php?p=8000528#post8000528
For me I have always questioned shoddy operators like CMC Markets and Saxo Bank. As I don’t need stupid legal threats from Dukascopy, I will just say you cannot legally go after someone with a vague opinion. But read the link above to get a better of what really goes in these questionable brokers and operators of your money.