Saturday, January 17, 2015

What a Black Swan looks like…

This is my chart of the Euro Swiss cross as trading ended for the week today…


These are daily rests. About a 22% fall in less than 30 minutes. The bar after the fall shows that the pull back over a day has been less than stunning. Yet another illustration of how central banks trying to “manage currencies” always ends in tears. And “yay” for the kiwi BTW.

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