EUR Pairs: Trading Condition Adjustments
Posted at 22 January 2015 / Categories FirewoodFX Company News
Dear Clients,
Please take note some trading condition adjustments for EUR pairs due to expected extreme movement during Economic Release and Statement Policy.
Margin requirement for EURUSD and EURJPY may be increased up to fivefold, starts around 30 minutes before Minimum Bid Rate and during the ECB Press Conference. Please stay tune on the FirewoodFX News page to get the further announcement when margin requirement is increased and back to normal.
For the anticipation of extreme price movement during Greece Election on Sunday, the leverage of EURUSD will be decreased fivefold around 5 hours before market close (at 16:00 GMT). All clients are expected to flat all EUR pairs positions. FirewoodFX will contact those who are with high risk exposure to flat their positions as soon as possible or we shall conduct the force flat.
These adjustments made to protect clients' fund during the uncertain market directions.
Regards,
FirewoodFX