Tag Archives: franc

The Recap – Currency Chaos

Today, if you were up at 4:30am, you were able to witness the biggest currency move in the history of man.  Like an 18 year old heading off to college for the first time, the Swiss Franc was set free.  Anyone whose been to college knows what happens next.

2,000 PIPS is a term normally utilized over a span of years, much like the DJIA rose 3,000 points that year, or the S&P 500 was up 14% in 2013.  Currencies just don't move 15% in seconds.  Just like the price of bananas doesn't jump 100% on your trip to the register to pay for them.

But we are slowly coming the grips with the nasty side affects of Central Bank manipulation.  

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