SNB has pulled the Goalie

The SNB has in an unprecedented manner removed its 1.20 guarantee against the EUR. SNB had spend millions in the past supporting the guarantee of 1.20 but with the majority of share held by cantonal bank and individual investors the SNB is structured different to most central banks and has a a fiscal responsibility to […]

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Oil – where to now?

Oil is trading at an all time low and tipping the barrel at around about $48. With no major changes in line and analyst hoping for this to keep falling lets look at the OPEC sentiment. OPEC has stated that it will not lower production or output as most US shale production will fail to […]

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2015 Outlook on Currencies

2015 saw a bullish market on the USD rates with Janet Yellen being tipped across the range to increase interest rates in Q1. Official minutes however made a clear indication that this is not the case at least until April. The major SP500 started with losses on major downs on the commodity pricing changes with […]

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