The Swiss Fondue

Swiss National Bank’s decision to reverse its August 2011 decision – that had established a floor for franc against the euro at 1.20 level – sent the waves of ripples across the global markets. The franc immediately appreciated 14% against the euro and 13% against the US dollar and the British pound. The Swiss Market Index (SMI), made up of…

The Swiss Franking

The Swiss National Bank (SNB) shocked the world with its decision to remove the Euro floor. The franc declined over 15% versus the Euro. Since August 2011, the SNB had been defending the EUR/CHF exchange rate at 1.20 level. It decided to do that after the EU fell in grips of various crises and the franc appreciated 40%…

Around The Net: Morning News For January 15th, 2015

SNB Unexpectedly Gives Up Cap on Franc, Lowers Deposit Rate European Stocks Advance as Switzerland Ends Exchange-Rate Cap India cuts key interest rate in surprise move Sensex rallies over 700 points, reclaims 28000 on RBI surprise rate cut American jobs are back, but wages aren’t. Is this normal now? Dr. Copper Is Turning Bearish Lessons…