Tagged: Market Madness

Hold onto your hats

As London was going home on Tuesday February 3rd, EUR/USD had almost hit 1.1500 – that’s up 3.5% from its post ECB QE lows. Prior to that, it had fallen almost 5% from the moment just before Mr Draghi stood up to give his press conference. It took 2 days to fall and 6 trading sessions…

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The Day Today 21 Jan 2015

* Bill White, the man who predicted the financial crisis, warns the current situation is even worse: “We are holding a tiger by the tail”; and that more QE won’t work: “Sovereign bond yields haven’t been so low since the ‘Black Plague’: how much more bang can you get for your buck?” * Greece deposit flight…

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The dust hasn’t even vaguely settled

….but this is what we know so far: 1. Yesterday queues were forming in Swiss banks, but more interestingly, at bureaux de change. Deeply negative rates and a massive currency appreciation are not lost on the Swiss people – get your swiss francs out of the bank and turn them into euros or dollars. Pics…

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Why the Swiss decision is even more momentous than you think

With a one-page statement, the Swiss National Bank just pulled the rug out from under EUR/CHF. The trouble is, they’ve pulled the rug out from more than just that. You know by now that Blondemoney is an optimist, but today’s events will cast a very long shadow. This could be the moment we all realise…

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Waving, not drowning

We thought we had a handle on this oil price fall didn’t we? We thought we could take our time to ruminate on whether it put us in the deflation is good or deflation is bad camp (and there are still arguments on both sides). But markets are all about picking sides, and as usual it…

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