Thursday, January 15, 2015

Lord Stirling's News Blog EUROPE



 Lord Stirling's News Blog EUROPE
Holy Shroud of Turin

  Powerful prayer to St. Michael the Archangel - video ~ link
AVE MARIA - by Helene Fischer - video ~ link
AVE MARIA by Mirusia Louwerse - video ~ link
  ORTHODOX CHERUBIM HYMN - video  ~ link  
AVE MARIA by Perry Como - video ~ link 

Pray for Peace

On the Road to the Third World War.    

Armageddon also means that the Second Coming of Christ is near. 


 Special Report
Euro Turmoil
Swiss Central Bank shocks global markets with currency 'Tsunami' ~ link ~ The Euro and European Union are on increasingly shaky ground, as is the US Dollar!  Stirling  
Switzerland scraps the Euro Rate Cap and the Swiss Franc soars ~ link
Switzerland scrapped Thursday its three-year bid to hold down the value of its currency in a shock announcement that briefly set off panic in the markets and risks damaging to its economy.
Minutes after the Swiss central bank SNB said it was abandoning the minimum rate of 1.20 francs against the euro it strengthened almost 30 percent to 0.8517 against the common European currency before easing back to 1.0421.

Swiss shares post biggest one-day decline since 1989 on Swiss Franc news ~ link
Frantic trading after the Swiss National Bank scrapped its euro cap on the franc on Thursday drove Swiss stocks down nearly 9 percent, their biggest one-day percentage fall for at least 25 years.
One trader described the central bank's move as "carnage", while Swatch Chief Executive Nick Hayek called the franc's surge in value against the euro an economic "tsunami" for Switzerland, which sells more than 40 percent of its exports to Europe.

Stocks including watchmaker Swatch, luxury goods firm Richemont and cement maker Holcim slumped by between 11 and more than 16 percent as the franc surged against the euro.

Swiss Franc soars as the Swiss abandon their Euro Cap ~ link

The Swiss franc soared as much as 30% in chaotic trade after the central bank abandoned the cap on the currency's value against the euro. The Swiss National Bank (SNB) said the cap, introduced in September 2011, was no longer justified.
It also cut a key interest rate from -0.25% to -0.75%, raising the amount investors pay to hold Swiss deposits.

Turmoil: Gold is Surging as Bond Yields, Crude Oil, and Stocks are all Crashing ~ link

The kneejerks are over and now the fallout. US equity markets have tumbled back to yesterday's lows (and beyond), US Treasury yields are in total free-fall (down another 10bps, led by 7Y and 10Y yields crashing). Crude prices have reversed the entire post-SNB surge and is heading back to yeaterday's pre-ramp levels... Gold is pushing notably higher at $1265

Market Chaos: Gold rises sharply as the Swiss Franc surges 30% in just 13 minutes ~ link ~ Gold and Swiss Francs are the thing to be in, NOT the Euro or the Dollar, according to the market!!!  Stirling   

Carnage: Swiss Franc Soars and Macro Hedge Funds Crushed ~ link

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.

1 comment:

Anonymous said...

Russia has cut her transfer of gas through Ukraine.
Please check zerohedge and daily mail reports.
It is the beginning of the end of europe.

Fuck the jew, the eternal jew.