Thanks Martinghoul. Another interpretation could be that they only needed to buy EUR 1.8 bn because their words did the work for them. But I defer to your knowledge and expertise in this area as you probably know more about this than I do.
Nobody other than the CNB board knows... Not you, not me, not some clever-sounding analyst. You could very well be right and they could be happy with the effects of their verbal intervention. The interesting question here is really what happens when the mkt decides to test them, like it did with the SNB.
He knows that people know that he knows they know he is a bluffer, and that they are right. The reason he could talk with less to no worry and get the work done for him is the absence of a positive carry.
Which intervention did they do? Notice the word "serious". Serious is not "will do it". Cheap talk made to look serious by adding the word "serious".
Hi all, it has been a time since CNB started with interventions. According to their announcements interventions will quit at second half (or maybe at the end) of 2016. Now the price for 1€ is about 27,020 CZK. It looks like a really great opportunity for short CZK right before the end of int. What do you think, does anybody have some experience with trading the end of interventions?
With Interactive Brokers you can trade whatever currencies you want in any possible combination. But I would like to prepare a plan for this nice trade. Any suggestions, what could happen after CNB will quit their int? I'm trying to set up possible situations and scenarios. Also, the question is, what could be the target price. Until now I just try to compute correlation coef. for CZK with two other Central European Currencies but there is nothing valuable: Correlation Coefficients from 6/2009 - 11/2013 (interventions started at 11/08/2013) are: EURCZK vs EURPLN: 0.47 EURCZK vs EURHUF: 0.34 ...not much... so we can not determine the target price with EUR from these two... (other countries like Slovakia already has EUR...) Except the target price, I also want to make analysis about: End of interventions somewhere else - what was next? How much is 1pip with 1lot When to place a trade What about SL etc... Also the question is timing, and what will happen if "everybody" know about this end of Interventions, is it still opportunity for make money on it if everybody else can do the same?
its offered i checked it out here, just use the search function on the page, hope it helps https://www.hotforex.com/en/trading-products/trading-details-forex.html
I'm sorry but I thought this should be thread about how to make money on czech interventions, not about brokers... Does anybody have any valuable idea? Or is here anybody who want to make on this and will going to analysis and prepare process with me?