Czech Republic CZ CNB Repo Rate September 30 2021-min

Czech Republic CZ CNB Repo Rate – Another big win!

In Trade Plans by CathyLeave a Comment

Today we saw the CNB hike the Repo Rate higher than all the economists predicted. They hiked the rates by 0.75 basis points, the highest rate hike since 1997.

Giving us a great sell opportunity on USDCZK with a nice staggered move down 140 pips over the next 90 seconds. An excellent trade!

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Leave a Comment