由1.02跳去0.71, 唔知乜事 ?
finance.yahoo.com
Swiss National Bank scraps minimum exchange rate policy against euro, slashes interest rates
BERLIN (AP) -- Switzerland's
central bank says it is ending its minimum exchange rate policy that was
meant to keep the euro from falling below 1.20 Swiss francs.
The
Swiss National Bank said in a statement Thursday that the measure,
introduced in Sept. 2011, "protected the Swiss economy from serious
harm" but is no longer justified.
The
bank says the euro peg meant that the franc has dropped sharply against
the U.S. dollar because of the euro's recent fall in the value. It said
in a statement that it would also lower its average interest rate to
minus 0.75 percent from minus 0.25 percent.
www.zerohedge.com全文
Over two decades ago, George Soros took on the Bank of England, and won. Just before lunch local time, the Swiss National Bank took on virtually every single macro hedge fund, the vast majority of which were short the Swiss Franc and crushed them, when it announced, first, that it would go further into NIRP, pushing its interest rate on deposit balances even more negative from -0.25% to -0.75%, a move which in itself would have been unprecedented and, second, announcing that the 1.20 EURCHF floor it had instituted in September 2011, the day gold hit its all time nominal high, was no more.
What happened next was truly shock and awe as algo after algo saw their EURCHF 1.1999 stops hit, and moments thereafter the EURCHF pair crashed to less then 0.75, margining out virtually every single long EURCHF position, before finally rebounding to a level just above 1.00, which is where it was trading just before the SNB instituted the currency floor over three years ago.
The resultant move across all currency pairs has seen the EUR and USD sliding, the USDJPY crashing, and US futures tumbling even as European stocks plunged only to kneejerk higher as markets are in clear turmoil and nobody knows just what is going on right now.
In other asset classes, Treasury yields, understandably plunged across the entire world, and the entire Swiss bond curve lest of the 10 Year is now negative, with the On The Run itself threatening to go negative soon
瑞士銀行玩死好多基金人 !
www.zerohedge.com全文
Over two decades ago, George Soros took on the Bank of England, and won. Just before lunch local time, the Swiss National Bank took on virtually every single macro hedge fund, the vast majority of which were short the Swiss Franc and crushed them, when it announced, first, that it would go further into NIRP, pushing its interest rate on deposit balances even more negative from -0.25% to -0.75%, a move which in itself would have been unprecedented and, second, announcing that the 1.20 EURCHF floor it had instituted in September 2011, the day gold hit its all time nominal high, was no more.
What happened next was truly shock and awe as algo after algo saw their EURCHF 1.1999 stops hit, and moments thereafter the EURCHF pair crashed to less then 0.75, margining out virtually every single long EURCHF position, before finally rebounding to a level just above 1.00, which is where it was trading just before the SNB instituted the currency floor over three years ago.
The resultant move across all currency pairs has seen the EUR and USD sliding, the USDJPY crashing, and US futures tumbling even as European stocks plunged only to kneejerk higher as markets are in clear turmoil and nobody knows just what is going on right now.
In other asset classes, Treasury yields, understandably plunged across the entire world, and the entire Swiss bond curve lest of the 10 Year is now negative, with the On The Run itself threatening to go negative soon
Crude and other commodities, except gold, are also tumbling, as are most risk assets over concerns what today's epic margin call will mean when the closing bell arrives.
money18.on.cc
瑞士突撤兌歐元匯率上限兼減息 瑞郎爆升
歐洲央行量化寬鬆(QE)如箭在弦，瑞士央行突然宣布撤銷2011年9月開始實施1.2瑞郎兌1歐元之匯率上限，同時下調利率至負0.75厘。
消息震撼市場，瑞郎兌歐元爆升逾18%，高見0.9981歐元；兌美元更漲34%，高見1.3184美元，為2011年8月以來新高。
money18.on.cc
瑞士央行突宣布，撤銷瑞士法郎對歐元上限，英業環球資產管理董事總經理陳炳強指出，此舉無疑會使歐元進一步偏軟，和黃(00013)、思捷(00330)等歐洲業務佔比較重的本港企業，其承受的匯兌虧損將會有所增加。惟由於歐元偏軟已是大勢所趨，瑞郎脫歐亦未至於歐元全面解體，其對投資市場的負面影響，亦未至於翻天覆地。相關股份即使借消息下跌，亦不會對基本因素帶來根本影響。
陳炳強亦指出，已宣布重組的和黃日後會加強在歐洲在內海外市場的發展，歐元進一步偏軟雖可能使和黃在歐洲的業務，承受額外的匯兌損失。惟此舉亦有利和黃在歐洲地區進行新的收購。以和黃過去的融資往績，管理層亦會靈活處理本身貸款的貨幣組合。
www.zerohedge.com全文
In a re-run of the catastrophic trading losses that occurred around the Russian Ruble collapse last month (as we described here and here in great detail), two FX brokers (US-based FXCM and New Zealand-based Excel Markets) announced tonight that they “can no longer meet regulatory minimum capitalization requirements," due to "significant losses" suffered by clients. For FXCM these losses mean a $225 million negative equity balance and they are actively discussing alternatives with regulators. For Excel Markets, it is over... "we will not be able to resume business...Client positions will be closed within the next hour."
FXCM is in trouble...
- *FXCM: CLIENTS EXPERIENCED SIGNIFICANT LOSSES AFTER SNB MOVE
- *FXCM: NEGATIVE EQUITY BALANCES OWED TO FXCM ABOUT $225M
- *FXCM: MAY BE IN BREACH OF SOME REGULATORY CAPITAL REQUIREMENTS
- *FXCM DISCUSSING ALTERNATIVES TO RETURN CAPITAL TO PRIOR LEVELS
As a result of these debit balances, the company may be in breach of some regulatory capital requirements.
We are actively discussing alternatives to return our capital to levels prior to today's events and discussing the matter with our regulators.
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