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Is This Who Is Managing EURUSD "Turmoil" Tonight?
With SNB's Danthine having proclaimed last week that, despite allowing Swissy to free-float again (with a soft corridor from 1.05 - 1.10), that "the SNB remains ready to intervene on foreign exchange markets" one could be forgiven for thinking that the Swiss National Bank is at it again tonight. The 'stabilitee' of EURUSD - trading in a narrow 45 pip range and holding very close to unchanged (as US equity futures slide, Treasuries rally and gold rises) seems a little too well managed tonight and one glance at EURCHF's "spikey-ness" suggests the visible hand of intervention at play...
EURUSD stabilitee proves: GREXIT no problem - "contained" - all fears should be dismissed...
Which for some context... spot the "odd event" out... Carnage on ECB pulling funding, Carnage on US Jobs data... and unch on Greece rejecting a bailout extension, threatening Grexit, and Ukraine tensions soaring... yep - normal.
Thanks to what seems like chaos in EURCHF...
And who is green on the long list of Bloomberg terminals that The SNB rents... The Head of the Singapore Office and The Head of Zurich's Financial Markets group...
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Of course - this is pure speculation...
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Hm. Why now?
http://www.theguardian.com/business/2015/feb/08/hsbc-files-expose-swiss-...
Is this payback?
Switzerland CANNOT save the Eurozone, this is madness. Why haven't they learned?
Obama PSA airs during Grammys, is his presence now mandatory at all major televised events?http://tinyurl.com/o9hf3tl
Hnmm --
And I thought all of Switzerland would be glued to the tube watching Tatort last night, as it took place, in part, in Switzerland.
If the SNB was really a Hedge Fund, as opposed to just pretending, it wouldn't have many subscribers left by now? I can't wait for the SNB 2014 Annual Report/Results....
Everyone on ZH should send these 2 guys an email asking if ZH's story is true!?
I have, but no response so far lol
I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.globe-report.com
Their is some additional speculation SNB was short AU and long EUR prior to un-peg and some elite were hurt on the sudden un-peg mov, this may be a return favor. But strange behavior unless done unwilling , contradicts the previous move to unwind EUR.
EDIT Looking closer I think Chinese took on EUR this AM, hmmm
How is this not on the Zero Hedge radar??
Accountability : Secrecy for Sale 'HSBC's clients linked to dictators, arms dealers and tax dodgers'http://www.publicintegrity.org/2015/02/08/16727/hsbcs-clients-linked-dic...
'Exclusive: HSBC Indian list just doubled to 1195 names. Balance: Rs 25420 cr'http://indianexpress.com/article/india/india-others/express-investigatio...
ZH 2011:
"a mere 5 banks (and really 4) account for 95.9% of all derivative exposure (HSBC replaced Wells as the Top 5th bank, which at $3.9 trillion in derivative exposure..."
http://www.zerohedge.com/news/five-banks-account-96-250-trillion-outstan...
hmmm......
Mr Baumann and Huwiler look like the are about 20 years old and couldn't buy a drink at a bar in NY. They COULD buy the bar however
if it goes up..push THIS button, if it goes down..push this one. if it all starts smoking its all yore fault
ECB print, SNB print, BOJ print, modern currencies are like democracy: the lowest common denominator...
If they all print, then nobody prints. 90% of the world couldn't care less.
"We will defend the Swiss peg to the Euro at all costs!"
"We changed our minds, we will let it float! ("Okay...well...sort of...").
A central bank = subterfuge & legerdemain.
Mr Baumann of the SNBs Singapore office? Since when does a European central bank like the SNB need an office in Singapore? The only possible justification is market intervention in Asia. This office should not exist.
Kind of like why does the NY Fed needing a Trading Floor? And why does CME give volume discounts to CB's for trading volumes?
Hmm.....
I've heard the black pepper crab is VERY popular in Switzerland. Perhaps they just were spending too much on take-out/delivery fees.
The Grammys were on, someone had to do it....... Be civilized to the US Banksters.... When the Yodelling fest comes up, the US covers that night fair is fair.