Dukascopy liquidity providers have issued a warning to its clients, as the proverbial clock strikes midnight, on a looming finality between Greece and the Eurozone, which has the potential to cause excessive risks of market gaps on euro-related currency pairs.
Roughly one month after investors grappled with dark screens and market closures at the hands of CHF pairs, Dukascopy clients are warned of a potential opening on Monday of vastly gapped euro-related pairs should Greece exit from the Eurozone in order to avoid risk of possible margin cuts and negative balances.
The , despite Greece’s game of brinkmanship to initiate talks with the EU. Since then however, their stance has moderated as they seek an extension for its debts – a position Germany and others have thus far been unequivocal on.
More specifically, all currency pairs containing the euro will find a weekend leverage of 1:30 be applied as of 18:00 GMT today – this specific leverage will be cancelled after the market opening Sunday night.
According to the Dukascopy’s margin policy, trading accounts are already subject of over-the-weekend leverage, which is 1:30 by default. This adjustment will affect clients’ accounts of Dukascopy Bank and Dukascopy Europe with over-the-weekend leverage higher than 1:30.
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