Tag Archives: Swiss National Bank

And now a message from Dukascopy regarding an incorrection of a forex trading broker losing due to the Swiss National Bank forex fiasco

And now a message from Dukascopy regarding an incorrection of a forex trading broker losing due to the Swiss National Bank forex fiasco

Hello, There is a mistake in the news item hosted at https://quantlabs.net/blog/2015/01/this-is-the-trading-forex-broker-carnage-from-this-swiss-national-bank-chf-event/, stating Dukascopy lost $40 million. It was corrected in the original article, see http://www.fxstreet.com/news/forex-news/article.aspx?storyid=6ea97fd7-1a48-4a91-8ae0-43b33c2ef4bd Please correct this issue.

 

The amazing thing is these forex brokers seem extra sensitive on ‘misinformation’ for what their customers or new customers. Dukascopy seem to be a decent broker but this shows how paranoid they are due to their crappy risk management that was exposed vs a solid brokers like Oanda. You choose? And why would they care about a little blog like mine?

 

UPDATE: Apparently we hit their news channel:

http://www.dukascopy.com/swiss/english/about/ournews/

They also posted this message:

Therefore, initial erroneous FXStreet statement shall be ignored and not duplicated. Any dissemination of such wrong information may lead to legal actions. We refer in particular to following websites:…

Instead of calling your lawyers, why don’t you focus on improving  your risk mangement and putting your customers at risk of losing their portfolios or trading accounts?

They also posted this after what Oanda posted;

DUKASCOPY: NO TRADE CANCELLATIONS, NO NEGATIVE BALANCES

Genius, I think I will stay away from them as Oanda seems to be the only forex broker out there to be trusted. Sorry. FXStreet.com must be dependent on their ad dollars from Dukascopy but we don’t!

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How does a moron at Everest Hedge Fund lose a billion over this Swiss National Bank forex trade event?

How does a moron at Everest Hedge Fund lose a billion over this Swiss National Bank forex trade event?

Please explain Mr or Mrs Expert

Hedge funds and brokers are going bust left and right.

Thanks to a bunch who highlighted this

http://www.bloomberg.com/news/2015-01-17/swiss-franc-trade-is-said-to-wipe-out-everest-s-main-fund.html

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Bitcoin dropped 30% yesterday? Global Oil drop? This Swiss National Bank forex event? Is the world ending?

Bitcoin dropped 30% yesterday? Global Oil drop? This Swiss National Bank forex event? Is the world ending?

Did you know this?

http://www.neowin.net/news/bitcoin-is-rapidly-decreasing-in-value-dropping-nearly-30-in-value-in-24-hours

Who knew? Something sinister is going on out there. Damn that Bilderberg

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Here is the trading forex broker carnage from this Swiss National Bank CHF event

Here is the trading forex broker carnage from this Swiss National Bank CHF event

NOTE UPDATE ON DUKASCOPY CORRECTION:

https://quantlabs.net/blog/2015/01/and-now-a-message-from-dukascopy-regarding-an-incorrection-of-a-forex-trading-broker-losing-due-to-the-swiss-national-bank-forex-fiasco/

Comments found on my Facebook group:

THE SCORE …DUKASCOPY = 40Mln, IG market = $30M; ExcelMarket = GONE; Alpari = GONE; Interactive Brokers = $120M; DEUTSCHE BANK = $150M; Barkley = tens of Mils; Ect ect,
They’re negotiating with Jefferies for $300 loan/takeover and having a PRESS conf. at 2PM EST
CITIGROUP SAID TO LOSE MORE THAN $150 MLN ON CURRENCY MOVES
One guy in our group sounds like he got wiped out with the Alpari bankruptcy?

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NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Swiss National Bank Causes CHF forex Flash Crash Game-Changer according to Bloomberg

Swiss National Bank Causes CHF forex Flash Crash Game-Changer according to Bloomberg

Sleepy Switzerland jolts currency markets
http://money.cnn.com/2015/01/15/investing/switzerland-euro-currency-ceiling/index.html

Chaotic FX Trading Ensues after Swiss Drop Euro Cap
An Oanda Report

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SNB Causes CHF Flash Crash Game-Changer

After the Swiss National Bank abandoned its long-standing FX rate cap against the euro, the CHF rocketed beyond parity with the EUR, fueled by the strength of the franc. At least investors cannot complain as volatility remains healthy so far in 2015 despite many unknowns including if the European Central Bank’s quantitative easing program will be tabled in a matter of days, and if Greece will remain in the eurozone. >> Read More

Trade Now

Watch this http://bloom.bg/14DjDUK

SNB Was Ahead of the Curve on Currency: Jane Foley
Jan. 15 — Jane Foley, senior foreign exchange strategist at Rabobank, discusses the surprise move by the Swiss National Bank to end the minimum exchange rate and lower the interest rate to -0.75 percent. She speaks on “Bloomberg Surveillance.”

SNB Was Ahead of the Curve on Currency: Jane Foley

http://blogs.wsj.com/economics/2015/01/15/10-takeaways-from-lagardes-swipe-at-the-swiss-national-bank/?mod=WSJBlog&utm_medium=facebook&utm_source=twitterfeed

I wonder what our Python trading genius Gigi thinks

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NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!