Swiss National Bank

The Swiss National Bank on Thursday unexpectedly reversed course on a policy designed to cap the Swiss franc against the euro. The move is designed to bolster the Swiss currency against other foreign markets ahead of any quantitative easing efforts by the European Central Bank. Related...

Free & Live Event: Join our very own Nic Chahine for a for a webinar tonight to discuss how to boost your weekly income using credit spreads. Click here to secure your spot now! Futures Tick Higher Ahead of Fed U.S. equity futures traded slightly higher ahead of the much anticipated Federal...

Futures Rise After Australian Employment, ECB Report U.S. equity futures traded slightly higher in early pre-market trade following stronger than expected Australian employment data and also dovish comments from the ECB in its Monthly Bulletin. The ECB sees the eurozone economy stabilizing in 2013...

Futures Slightly Lower After Mixed Tuesday U.S. equity futures were slightly lower in early pre-market trade after a mixed day on Wall Street Tuesday. The Dow Jones Industrial Average was able to close at a new record high but the S&P 500 slipped slightly on Tuesday away from its record close...

Futures Rise, Eyeing European Politics U.S. equity futures rose in early Monday trading as the S&P 500 closed last week at its highest level since 2007. Futures rose on hopes that European leaders would agree on new aid for Cyprus and reach new agreements on Greece's bailout. However, fears...

Futures Rise on Strong Chinese GDP U.S. equity futures rose slightly overnight following the release of China's fourth quarter GDP. The National Statistics Bureau reported that fourth quarter GDP rose at an annualized rate of 7.9 percent, better than the 7.8 percent forecast by economists and...

With 2013 just around the corner and most traders already closed up for 2012, it's time to look ahead to 2013. Some of the key events and market drivers next year can be foreseen and some may be somewhat speculative, but in all 2013 looks set to be another whip saw year, filled with continued...

U.S. equity futures fell in early Thursday trading ahead of the Federal Reserve's policy decision, which is set to be released at 12:30 pm. Markets are looking for the Fed to extend its low interest rate guidance into 2015 and some are looking for a third round of quantitative easing. However, some...

A trader at RBS (NYSE: RBS) has admitted to making a fat finger trade in the EUR/CHF pair Monday, a spokesperson for the bank told Reuters. The error caused a series of algorithmic trades from other traders to flood the market, sending the pair spiking for a short period of time. The trades which...

The Swiss National Bank has appointed a rather dark horse to fill its third seat on its policy setting committee following the resignation of former Chariman Phillip Hildebrand over a currency trading scandal. Fritz Zurbruegg, formerly an economist with the finance ministry in Switzerland, will...