Over 20 years in trading
These are the words from the SNB’s Jordan after they removed the 1.20 eur/chf peg, when Swiss franc causes panic on global markets. But, 15 days latter he is not that conviced in that decision. Talking on the SRF yesterday, head of the SNB Thomas Jordan said, that they are ‘observing’ the exchange rate situation, but he mentioned for several
Read more19:00 h (GMT) – FED Interest rate decision and monetary policy statement! Are you ready? Most of the market players don’t expect any changes in the monetary policy at todays FOMC mitting. Market will be focused to the ‘statement language’ and possibility of rate hikes period. Could it be the fix date in June 16-17th, or at the September 16-17th FOMC meeting?
Read more12:45 h (GMT) – ECB Interest rate decision, 13:30 h (GMT) – ECB Monetary policy statement and press conference! LIVE here! How much QE will ECB realy deliver today? 500 billion? 1 trillion? Yesterdays rumor said, ECB will deliver 1.1 trillion, or 50 billion per month, starting in April 2014. until end of the 2016. But, that is not official
Read moreThursday January 22. – 12:45 h (GMT), ECB Interest rate decision – 13:30 h (GMT), ECB Monetary policy statement and press conference! Whether the SNB move was hint what could we expect from the ECB? Expectations of market participants are nearly unanimous, we expect from ECB an aggressive QE program. Specifically, market players expect from ECB to announce a large bond purchase
Read moreWow, wow, wow! Is that surprise or what!? EUR/CHF falls to 1.0200, USD/CHF to 0.8400! Is this might be expected? I wrote how the peg is in danger for two times in the last 30 days and how the SNB is doing everything to save it. Well, they obviously decided to remove the same. Edit: It seams that EUR/CHF is
Read moreI wrote before two days, that SNB’s peg is in danger and that SNB must be on alert! Whell, SNB defended the peg today by cuting rates at negative (-0,25%). The pair is literally jumped 90 pips in 10 minutes, but I didn’t want to write anything before it’s settles down. Celebration didn’t last long and the pair is pulled
Read moreAt 19:00 h (GMT) FOMC is coming up with last meeting of the year. Whether they now finally say magical sentence, we will raise interest rates in …….. 2015. I don’t think so, not today!? Most of the analysts are expecting that they will change good old “considerable time” language in something deferent and gave the market onother ‘word bomb’ without specifying the date!?
Read moreToday is ECB day. First, at 12:45 h (GMT) we have ‘ECB Interest Rate Decision’ and after at 13:30 h (GMT) ‘ECB Monetary policy statement and press conference’. Current main interest rate is 0,05% and any surprice here could be devastating for the Euro! If Mr.Draghi and ECB decided not to change anything here, what could we expect at the press
Read moreEarly projections from Switzerland shows that more then 75% of the voters are against Swiss gold initiative. Finaly, the SNB could catch a breath according to SRF projections. On my oppinion voting against is not surprise, but for me, procentage against Swiss gold initiative is. We will see the final results, but this is to big advantage that something significant could change.
Read moreThere are just 2 days left until the “Save Our Swiss Gold” referendum this Sunday. On November 30, voters in Switzerland will head to the polls to decide whether the Swiss National Bank (SNB) should back the Swiss franc with gold by increasing its gold holdings to 20% – up from current levels of 7%. How the SNB came to
Read moreMost of the bank economists are expecting from FED to end its bond buying program today, or to end QE3. That’s what the market is expecting as well, but there is question about short term Interest Rates and for how long they will keep it near zero? They like to say that they will keep it near zero for a ‘considerable
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