Over 20 years in trading
Acording to Bloomberg, Germany rejected Greece’s request for an extension of its aid program, saying its offer doesn’t meet the euro region’s conditions for continuing aid. The Greek government is trying to agree bridge-financing without meeting the conditions of its existing rescue program, German Finance Ministry Spokesman Martin Jaeger said in an e-mailed statement. European Commission Spokesman Margaritis Schinas moments
Read moreThese 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 more…if Euro area inflation aproach to 0%! In December 2014. inflation fell bellow zero, to -0,2% and in this week, Mr.Mario Draghi (ECB) ‘fire up’ the 1.1 trillion euros QE in total, ie. to buy 60 billion in sovereign bonds each month until at least September 2016 . They decided to do everything in order to boost Euro area recovery, with the main objective
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 13:30 h (GMT) we have Nonfarm Payrolls and Unemployment Rate data. NFP consensus is at 232K (previous 214K) and Unemployment rate consesus is 5,8% (previous 5,8%). EUR/USD is waiting for the data at 1.2350 support, USD/JPY at new 7 year high at 120.68, gold down at 1297.30! Do you expect some changes today?
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
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