(eToro Blog) In the broader Eurozone area, the earlier release of Purchasing Managers’ Indices for January offered investors a few surprises, most welcome but one decidedly not. In the United Kingdom, the Office of National Statistics read for January’s manufacturing PMI was reported higher at 52.1 from a revised reading of 49.7 and besting the [...]
CHF 
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SNB’s Latest Blip Gives EUR/CHF Traders a Thrill
(eToro Blog) In spite of the $1.20 Euro-peg implemented in September of last year by the Swiss National Bank, yesterday the Swiss Franc took a hard and fast (and ultimately short-lived) fall against the Euro, touching on $1.21360. Traders wondered if the SNB wasn’t once again making an official surprise intervention. The SNB has been [...]
SNB’s Hildebrand Resigns; Perhaps Not Voluntarily
(eToro Blog) Yesterday, it was reported that Philipp Hildebrand, the Chairman of the Swiss National Bank, voluntarily resigned his position following allegations that his wife had engaged in a transaction which netted her a significant profit upon the SNB’s pegging of the Swiss Franc to the Euro. The former Chairman said that because he could [...]
