EUR/CHF broke the 1.20 floor after the SNB removed the floor, and the move also breaks some brokers.
On one of the charting systems used here, the price of EUR/CHF froze at 1.1757, while other systems shows deeper falls.
And it’s all in one place: SNBomb – Reactions from 13 forex brokers – article being updated as news evolves.
In addition, Ryan Littlestone at Forex Live reports that MT4 providers have pulled out CHF quotes.
Update: Trading View has updated quotes on the franc once again. EUR/CHF is trading under 1.04 and USD/CHF under 0.89. Moves are erratic, to say the least.
Update 2: Ryan now reports that Swiss pairs are slowly coming back online.
At the moment, Netdania offers quotes, but spreads are absolutely huge.
Analysis: What does the SNB know about ECB QE?
More:
- SNB move in ECB context – Reactions To SNB Move – JP Morgan, Deutsche Bank, SEB
- SNB governor: Cap end was not a panic move but needed to be a surprise
- SNB Action Hints At A Steady EUR/USD Drop From Here – Danske
- Even more: 3 hints from the SNB that ECB QE is going to be really big
- EUR/USD falls to the lowest since November 2003 – guide to the next big levels
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