On September 6th, 2011 the Swiss National Bank (SNB) was aiming for a substantial and sustained weakening of the Swiss franc after Swiss companies threatened to leave because the rising franc reduced their exports. The SNB would no longer tolerate a EUR/CHF  exchange rate below the minimum rate of CHF 1.20. The SNB set out to […]

The Swiss franc has risen by almost 30pc against the euro after the central bank shocked global markets by abandoning its long-standing peg to the euro imposed in 2011. The Swiss had no choice. They have been buying Euro at alarming amounts as smart money bet the Swiss would be far better at the end […]

  One of our readers made this photo to reflect another aspect of reality. The lack of political free speech in the European financial community led to analysts creating a code word for Greece leaving the Eurozone –  GREXIT. They we forbidden to write about or even mention the possibility of anyone leaving the Euro, […]

QUESTION: Hi, Your call on this has been absolutely and impressively correct. You have said that  the Dollar is going to ‘vertigo and that the Euro is dead”. Is it possible to give us some idea of what you mean by this please? As always, thanks. ANSWER: Here is the chart I displayed at the […]

  The Euro elected the Yearly Bearish Reversal at the 12150 area and it has penetrated the 2010 low so far of 11880 intraday reaching so far 11801. The key support lies at a set of DOUBLE WEEKLY BEARISH REVERSALS found at 11778. If we elect that this year, the Euro will fall most likely […]

The IMF is increasing the pressure on the EU and stops further loans to Greece. The IMF is trying desperately to scare the Greeks into staying inside the Euroland. The Troika will no longer provide loans to the current government. The European Commission and Wolfgang Schäuble want to let the Greeks know that the previous course […]

In the United States, there was approximately $1.29 trillion in circulation as of October 1, 2014, of which $1.25 trillion was in Federal Reserve notes. Interesting enough, this was nearly matched now by the Euro. According to the European Central Bank , which publishes its balance sheet every week, circulating euro banknotes has just crossed the […]

The fear of a resurgence of the Euro Crisis has weighed on the common currency driving it down sharply trading at 1.2156 at 6:05 EST. The euro fell to $ 1.2122 intraday, marking the lowest level in two and a half years. However, our Yearly Bearish Reversal is 1.2156 precisely where we are trading at […]

  Never was the rejection of Poland against the euro so strong. The Polish people fear that above all, they would suffer from the introduction of the Euro. The general feeling now among the majority is that the Euro would be socially a disaster. The Government of Poland would need indeed to hold a referendum to […]

President Jean-Claude Juncker of the EU has instructed all member countries to provide information on their tax decisions (breaks) provided corporations to the authorities in Brussels from 2010 to 2013. Brussels is now on the offensive to raise money and they are now targeting international business. Taxes should be determined whether competition is distorted by selective tax breaks in the […]