Naturally as a Swiss citizen, I need come back on the historical move by our Swiss National Bank yesterday. The decision to drop the 3.5 year old 1.20 floor took the market by surprise and is fuelling widespread criticism in Switzerland and around the world. It created havoc in the Forex Exchange markets with the EUR/CHF and USD/CHF respectively touching 0.85 and 0.74 on the news (a 29% and a 28% drop) before stabilizing slightly below parity for EUR/CHF and at circa 0.86 f

The recent buzz over a potential Greek exit from the Eurozone (GREXIT) has only confirmed our several recent contributions advocating prospective Dollar strength over the next few months and quarters. Indeed, EUR/USD has fallen almost 8 figures over the last month. Although we maintain our longer term bullishness on the Dollar vs the Euro and other currencies, this recent move does have a sense of a bit too quickly and a bit too far. Read more... http://stockcharts.com/arti