Search Results for: SNB
Gold is the New Cash: Weak Currencies Cause Gold Prices to Soar
January 20th, 2015
Gold prices have soared on the recent wave of global volatility with stock market crash in China and the Swiss national currency turmoil, exceeding $1,300-1,320/oz. One of the top-valued metal commodities and a universal monetary equivalent, gold, is heading ...
Alpari (UK) Ltd is under administration
January 19th, 2015
Upon the application of the directors of Alpari (UK) Ltd, on Monday 19 January 2015, the High Court appointed Richard Heis, Samantha Bewick and Mark Firmin of KPMG LLP as joint special administrators of Alpari (UK) Ltd, under the ...
Here’s What the Swiss Central Bank Just Did and Why It’s Such a Shocker
January 19th, 2015
Today the Swiss National Bank shocked the world when it announced it would remove the cap it had in place to prevent the Swiss franc from rising too high against the euro. Here’s what that means and what it’s ...
Newspapers condone Swiss National Bank’s decision
January 19th, 2015
The Swiss National Bank’s decision on Thursday to do away with a lower limit of CHF1.20 on the exchange rate for the euro dropped like a bomb on pretty much everyone both inside and outside of the country. Newspapers ...
Why the Swiss unpegged the franc
January 19th, 2015
In the world of central banking, slow and predictable decisions are the aim. So on January 15th, when the Swiss National Bank (SNB) suddenly announced that it would no longer hold the Swiss franc at a fixed exchange rate ...
Saxo Bank attracting new clients after Swiss currency surprise
January 19th, 2015
Saxo Bank, the Danish based online multi-asset trading and investment specialist, is experiencing a fresh inflow of clients today in the aftermath of significant changes in the Swiss currency crosses. Steen Blaafalk, Global Head of Finance and Risk Operations, ...
Banks Battle Speculation Denmark’s Euro Peg at Risk: Currencies
January 19th, 2015
Banks in Scandinavia are joining the Danish government in trying to persuade offshore investors that the Nordic country isn’t about to copy Switzerland and drop its euro peg. SEB AB, the Nordic region’s largest currency trader, said it’s been fielding calls ...
Investors fear global economy slowdown
January 16th, 2015
US stocks were traded lower on Thursday for the fifth consecutive time. Investors are concerned over global economy slowdown, which indicates a plunge in world crude oil prices, and fear that the results of American earnings reports wouldn’t meet ...
FXTM Announce on CHF Pairs
January 16th, 2015
Trading on CHF Pairs Switches to “Close-Only” Mode Following SNB Shock Decision The Swiss National Bank’s decision to abandon the franc’s cap against the euro just days after officials stated that this policy is as concrete as ever, sent ...
Goldman Sachs Trade Was Caught Short by Swiss Bank Move
January 16th, 2015
The Swiss move to scrap the floor that kept its currency’s strength in check against the euro caught most people by complete surprise. Among them: Goldman Sachs GS -0.97%. One of its key trading ideas for 2015 has been ...
