Category Archive: 1) SNB and CHF
“Time To Panic”? Nigeria Begs World Bank For Massive Loan As Dollar Reserves Dry Up
Having urged "don't panic" just 4 short months ago, it appears Nigeria just did just that as the global dollar short squeeze forces the eight-month-old government of President Muhammadu Buhari to beg The World Bank and African Development Bank for $3...
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BoJ Adopts Negative Interest Rates, Fails To Increase QE
Well that did not last long. After initial exuberance over The BoJ's wishy-washy decision to adopt a 3-tiered rate policy including NIRP, markets have realized that without further asset purchases (which were maintained at the current pace), there is...
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Swiss Franc Plunges To One-Year Lows Amid SNB Intervention Chatter
With the biggest drop in 3 months, EURCHF has broken above last September's highs, plunging below 1.06. Amid chatter of SNB intervention, this is the weakest Swissy has been since the removakl of the ceiling a year ago.
EURCHF reachedย 1.10592...
...
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Square Holes And Currency Pegs
Submitted by Raul Ilargi Meijer via The Automatic Earth blog,
When David Bowie died, everybody, in what they wrote and said, seemed to feel they owned him, and owned his death, even if they hadnโt thought about him, or listened to him, for years....
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Matías Salord: Trading USDCOP, USDMXN y USDCLP
Fecha de emisiรณn: 03 agosto 2015. Ponente: Matรญas Salord. En esta sesiรณn semanal, nuestro analista Matรญas Salord les hablarรก del panorama econรณmico y del mercado de las principales divisas de Latinoamรฉrica, haciendo especial hincapiรฉ en el anรกlisis de cotizaciones, indicadores econรณmicos y contexto.
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Global Risk Off: China Reenters Bear Market, Oil Tumbles Under $30; Global Stocks, US Futures Gutted
ย ย "We're gonna need a bigger Bullard"
ย ย ย - overheard on a trading desk this morning.
Yesterday, when looking at the market's "Bullard 2.0" moment, which was a carbon copy of the market's kneejerk surge higher response to Bullard's "QE4" comments fr...
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Nigerian Currency Collapses After Central Bank Halts Dollar Sales To Stall “Hyperinflation Monster”
Having told banks and investors "don't panic" in September, amid spiking interbank lending rates and surging default/devaluation risks, it appears the massive shortage of dollars that we warned about in December has washed tsunami-like ashore in oil-...
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SNB-Prรคsident Thomas Jordan: Interview 1 Jahr nach Mindestkurs-Ende
Vor einem Jahr erschรผtterte ein Wรคhrungsbeben die Schweizer Wirtschaft: Vรถllig รผberraschend hob die Schweizerische Nationalbank den Mindestkurs zum Euro auf. Vor allem fรผr die Exportwirtschaft war dies ein riesiger Schock, auf einen Schlag wurden die Anstrengungen vieler Firmen zunichte gemacht, trotz starkem Franken im Euro-Raum wettbewerbsfรคhig zu bleiben. Entsprechend scharf werden bis heute die Nationalbank …
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Why The Powerball Jackpot Is Nothing But Another Tax On America’s Poor
Now that the Powerball Jackpot has just hit a record $1.4 billion, people, mostly those in the lower and middle classes, are coming out in droves and buying lottery tickets with hopes of striking it rich.
After all, with $1.4 billion one can ...
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Economic Forecasts for 2015: Swiss Banks were too Optimistic
Our analysis of the forecasts of economic data for 2015 shows that the Swiss banks were too optimistic for most data. US growth, the oil price, inflation and interest rates are far lower than expected. The errors for stock indices were smaller.
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The year explained: Our ten most popular explainers from 2015
EVERY weekday The Economist explains a new subject, topical or timeless, profound or peculiar. As the end of the year approaches, we look back at the explanations that have proved most popular with readers during 2015. (Normal service will resume on January 4th.)
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