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 […]
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 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 […]