Fundamental Analysis Of Swiss National Bank Shocking Move That Ripped The Markets

Swiss National Bank move to unpegg the Swiss franc from the euro shocked the market. Why? Because exactly one month back, Swiss National Bank had issued a statement reassuring the markets that it would do whatever it takes to defend the 1.20 Swiss franc to 1 euro. Then the sudden about face came that shocked… Continue reading Fundamental Analysis Of Swiss National Bank Shocking Move That Ripped The Markets

Swiss National Bank Shocks The Currency Market USDCHF Falls 1867 Pips In 1 Day!

Central banks are the most important players when it comes to moving the currency market. This is precisely what the Swiss National Bank (SNB) did yesterday when it totally surprised the market by announcing removal of swiss franc euro peg. In the past SNB had been worried about CHF appreciating too much and hurting Switzerland’s… Continue reading Swiss National Bank Shocks The Currency Market USDCHF Falls 1867 Pips In 1 Day!