What can traders learn from the Swiss National Bank’s interventions in FX markets?
In 2015 the Swiss National Bank really surprised the market. For years they have been talking about intervening and defending the 1.20 peg on the EURCHF currency pair. However, in 2015 in January they removed that support. The results were spectacular.
So if you have been listening to talk of the SNB intervention and you would like to learn some lessons from 2015 then please watch this video as Giles Coghlan, Chief Currency Analyst at HYCM, shows you the warning, the pitfalls as well as the opportunities that are potentially ahead with talk of the SNB intervening in the Swiss Franc again.