Dukascopy Instills Euro-Related Weekend Leverage On Eve of Greek Finality

by Jeff Patterson
Dukascopy Instills Euro-Related Weekend Leverage On Eve of Greek Finality
Dukascopy

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 possibility of a Grexit has ebbed and flowed over the past couple weeks, 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.

Dukascopy

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 possibility of a Grexit has ebbed and flowed over the past couple weeks, 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.

About the Author: Jeff Patterson
Jeff Patterson
  • 5344 Articles
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About the Author: Jeff Patterson
Head of Commercial Content
  • 5344 Articles
  • 90 Followers

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