For the eighth trading day in a row, EUR/CHF has failed to rally. The Swiss Franc even ended the day at a fresh record high against the euro as traders test the resolve of the Swiss National Bank. This has led many currency traders to wonder What is the SNB Waiting For? Why haven’t they [...]

Posted in Intervention, eurchf, forex blog, swiss national bank 4 Comments »

This is sooooo good! I highly recommend you watch this for an entertaining and educational breakdown of Keynes and Hayek’s conflicting economic theories. Kudos for the video

Posted in keynes hayek video 2 Comments »

This morning, Japan Post Bank announced plans to double their deposit limit from 10 million to 20 million yen. Japan Post Bank is the country’s largest postal service operator and also its largest financial institution. With financial assets of 300 trillion yen or the equivalent of US$3 trillion, their holdings exceed the entire [...]

Posted in 2009 japanese yen, 2009 japanese yen forecast, Japanese Yen, forex blog 1 Comment »