The Swiss National Bank shocked global financial markets today as it abandoned is minimum exchange rate against the Euro which it introduced in September of 2011. This limit put a floor under the EURCHF at 1.2000 and the SNB has defended this level ever since then. This move was completely unexpected and no economists had forecasted the SNB to take this drastic measure. Swiss equity markets plunged as the Swiss Franc sky-rocketed. On January 5th 2015 SNB President Thomas Jordan ensured financial markets that the ceiling will remain in place...
ECB staff allegedly developing a plan of quantitative easing in the amount of 500 billion of Euros, which can be run at the next ECB meeting on January 22. According to sources, the bank's employees wonder whether to disclose the monthly target of asset purchases, as well as a common goal. Assets, that will be included in this program, will be only investment-grade, and the purchase of assets excluded some of the most troubled members of the European countries such as Greece and Portugal. If believe that this information is true and the ECB...
There are plenty of posts written on why you should trade forex and others which explain the advantages a successful forex trader will enjoy. You will by now understand the importance of learning how to trade forex before you start placing your trades. What many often forget is how to manage the trade once the order has been executed. Once an order is executed new traders will be faced with potentially the biggest problem: emotions! It is very important to create a full trading plan as you analyze a currency pair which needs to not only...
This question can be rephrased: Is there a job with a good salary? Yes, there is, of course, but to rise to the level of a very good salary, you need some time to work in the company in order to grasp the essence of the matter. The situation in Forex is exactly the same. If you want to have big profits from the work on Forex in a month later, it means that you are in a deep illusion. The sooner you get out of it, the cheaper it will cost. In order to get closer to a good Forex profit you must go through several stages. Stage 1. You need to...
Over the past five years major central banks around the world from the Bank of Japan through the Bank of England to the Federal Reserve in the US have enforced an easy money policy. Interest rates were slashed to between 0.00% and 0.50% and currencies devalued in what many started to refer to as currency wars. The tightening cycle saw central banks increase their balance sheets and print money at a record pace, especially in the US. The US Dollar is the most oversupplied currency in the world and the pace at which the Federal Reserve has...
