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The completely unexpected decision of the Swiss National Bank (SNB) to remove the 1.20 floor on the Swiss franc against the euro on Thursday was one of the biggest currency shocks since the collapse of the Bretton Woods system in 1971. The decision has been heavily criticised, both for its tactical handling … Read entire story.
Source: Gavyn Davies
It’s been a weak start for the stock market in 2024, with all major averages giving back some of the strong gains they experienced during the last two months of 2023. The Nasdaq 100 experienced a five-day losing streak as investors wonder if interest rates are due for a bounce higher after … This post […]
Oil has bounced close to 20{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} off its recent lows, but one look at its longer-term chart shows that it still has a long way to go to get back to levels it was at just six months ago. At its lows, oil got down to 50{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} below its 200-…
Some investment analysts are recommending U.S. Treasury Inflation-Protected Securities (TIPS). If you agree, the best way to go about it is with index-based ETFs, writes John Prestbo.