Sea surface temperatures in the central Pacific fell another 0.2 degrees in the last week. This drop was sufficient to achieve La Nina conditions:
The Euro CHF has crossed well over the 1.05 level and looks fairly solid to me. This is a huge bounce from the chaotic levels reached on 1/15 when the SNB floated (low of ~.85). The cross is now 20% off the bottom, and only 15% from where the craziness started. Step back and […]
The post Is 105 the New 120? – A Crazy Thought On What Happens Next appeared first on Bruce Krasting.
The Swiss National Bank move to eliminate the 1.2 EURCHF Peg has proven to be a big market/media event. Follows a few random thoughts on how this story played out.
I wrote about the Swiss National Bank being forced to abandon its currency peg to the Euro on 12/3/14, 12/8/14and 1/11/15. That said, I’m blown away that this has happened today.
The Federal Reserve made a whopping $98 Billion in 2014. That’s a huge amount of money.
I think this man must be worried. He has a huge weight on his shoulders. This is Thomas Jordan, the head of the Swiss National Bank.
How about the price of crude? It’s now down 40% in six months! The oil biz has been knocked on its ass as a result. The oil stocks have been taken behind the shed and beaten with a stick, losses of 20-40% in market cap are common. The fallout (good and bad) from the […]
The post Keystone Comedy? appeared first on Bruce Krasting.
Three major FX pairs are closing in on rates where the big figures start with 120. The ones that have my interest are: USDJPY = 119.40 EURCHF =1.2030 EURUSD = 1.2335 USDJPY looks like it wants to cross 120 in a matter of hours. The question is what happens when it does. My […]
High on my list of: THINGS THAT COULD GO VERY WRONG, is the drought in the west coast. The three year run of below average rain has already had a big toll. Agricultural production is way off, fires are burning in all of the affected states, and there has been some curbs on water […]
The post Will it Rain in California this Winter? appeared first on Bruce Krasting.
The 2014 Social Security report to Congress is finally out (Link). The report was released four-months later than permitted by law; this is the sixth year in a row that the Report has been late. The word ‘sloppy’ comes to mind; Treasury Secretary Lew gets a ‘D’ for timeliness. I’m blown out by this […]