January 15th will probably be remembered as an important in the history of forex trading. Moves of more than 10% are not that common in currency trading, to say the least. Here is a recap of the events of the day that the Swiss National Bank removed the floor: EUR/USD < 1.17 as SNB ends cap – huge drama in markets – The initial breaking news. The initial thing I saw was a fall in the value of the euro. I was not aware of the franc, which I got used to ignore after too much stability. What does the SNB know about ECB QE? Such a move just one week before the expected euro-printing decision. This seemed interesting, and then I found a nice clue in the statement. SNB move in ECB context – Reactions To SNB Move – JP Morgan, Deutsche Bank, SEB – Three banks were quick to respond and had very interesting observations on the move, that is related to the ECB. SNB also breaks the brokers – MT4 providers removing CHF quotes – slowly recovering – Reports began emerging from Forex Live and Forex Magnates about brokers’ reactions, and it still isn’t a pretty picture. SNB governor: Cap end was not a panic move but needed to be a surprise – Thomas Jordan meets the press and tries to explain the move. He had some interesting comments. 3 hints from the SNB that ECB QE is going to be really big : It seems that Jordan knows quite a lot and he released even more hints. This has big implications for next week SNB Action Hints At A Steady EUR/USD Drop From Here – Danske : a great analysis on the implications of the move on euro/dollar. EUR/USD falls to the lowest since November 2003 – guide to the next big levels – There is a lot of room on the downside for the world’s most popular pair after it hit such low levels. Swiss Shock – A test for forex brokers – When the going gets tough, the tough get going. Here are a few ways to examine the reaction of the brokers in light of this huge event. SNBomb – Reactions from 18 forex brokers (And counting) – rolling updates on how brokers are coping with the situation. EUR/USD < 1.15 – surrenders to huge pressure and trips stops ECB QE could theoretically surpass â‚¬2 trillion according to reported program details – Is this what the SNB was fearing? This shock removal of the 1.20 will probably see more and more aftershocks in the days to come. In our latest podcast we analyze the SNBomb, do an ECB Preview, discuss US wages, dive into Saudi costs and the look at the Aussie Subscribe to our iTunes page Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next The Case For Revising Down Our EUR/USD Forecasts – BNPP Yohay Elam 8 years January 15th will probably be remembered as an important in the history of forex trading. Moves of more than 10% are not that common in currency trading, to say the least. Here is a recap of the events of the day that the Swiss National Bank removed the floor: EUR/USD < 1.17 as SNB ends cap - huge drama in markets - The initial breaking news. The initial thing I saw was a fall in the value of the euro. I was not aware of the franc, which I got used to ignore after too much stability. What does the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.