Swiss National Bank surprise

[goxed]

http://www.zerohedge.com/news/2015-01-15/market-wrap-its-turmoil-overnight-gains-wiped-out-futures-trade-below-2000-snb-shock

Code:

SNB surprise the market by calling an end to their minimum exchange rate and lower their interest rate to -0.75%
Initial reaction EUR/CHF briefly fell ~35 points (30%) while USD/CHF dropped its most since 1971. In sympathy EUR/USD printed an 11yr low at 1.1580 and the SMI remains down ~9% for the session

[Daniel91]

Many people in my country have bank loans in Swiss currency and this will not make them happy.
In fact, life for them just become more difficult and stressful.
I really hope that soon all people will see advantage of bitcoin

[BADecker]

As the Iraqi Dinar revalues, the U.S. Dollar will be strengthened. Bitcoin will lose what little value that it has. So will the other currencies.

However, things will not last like this forever. The Dollar will collapse. The Dinar will only slow it down some.

[goxed]

http://www.zerohedge.com/news/2015-01-15/behold-carnage-hedge-funds-most-short-swiss-france-june-2013

[criptix]

what does the SNB now?

maybe this reaction because they know there will be trouble in the eurozone coming up?

[Lethn]

The European Union has been in trouble for years, no amount of propaganda can cover it up, this is just the beginning.

[goxed]

http://www.zerohedge.com/news/2015-01-16/deutsche-interactive-brokers-barclays-lost-hundreds-millions-due-swiss-franc-volatil

[goxed]

http://www.alpari.com/company-news/posts/2015/january/important-announcement/

[jontrue]

SNB decision will affect Swiss exports