The Franc unpegging from the Euro was the biggest thing I’ve seen in the forex markets and it seems like there are not enough threads about it.
What is going to happen to other currencies that are pegged to the Euro ? Like the Krona ?
I’ve gone short 0.1 on the EURDKK and was wondering
1.what do you think, will the peg last ?
and
2. what happens if the peg lasts ? (we all know what happens if its removed)
Also, what other currencies are pegged to the Euro ?
Give your input on those pegs please
Seems you are very smart guy :), got the point quickly. Wait for their national bank meeting and then start to short. But doubt that other pegged currencies have the same strong potential for strengthening as Swiss Franc had.
Maybe this news will inspire you with confidence a bit, came across with it my FB https://blog.hotforex.com/hotforex-client-wins-big-by-achieving-a-gain-of-1355-pips-in-few-seconds-while-selling-usdchf/
Enjoy!
rindoan
3
You meantion thee isn’t a lot of threads abot the SNB move but there is a whole subforum dedicated to this discussion here:
SNB & Swiss franc shocker! Share your story here.
Further you talk about the EURDKK and for that I would suggest you read my reply to the same question posed here:
http://forums.babypips.com/forextown/71450-danish-central-bank.html
Thanks Rindoan. I didn’t see the subforum before
Your response there makes sense. I Appreciate it.
@profitbaby That is inspiring and awesomely lucky- but knowing my luck I would have lost that many points