Swiss Franc Plummets – Here’s What Caused the Haven Currency’s Mini ‘Flash Crash’

On Monday during the Tokyo session the Swiss franc (CHF) was aggressively sold. The USD/CHF pair for instance touched the 1.0106 level. This was a high that the pair last reached in November last year. On the other hand the Euro/Swiss Franc (EUR/CHF) pair touched the 1.1422 mark. Against the Japanese yen the franc fell to 108.80 while against the sterling pound it touched the 1.3056 level. Swiss Franc Rises Sharply Then Fills Gap, Breaking its Average Trading Range But within a matter of minutes the sharp moves were reversed. For the USDCHF it resulted in a trading range of

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Dow Jones Rally Just a ‘Dead Cat Bounce,’ US Stock Market Could Crash 30%: David Tice

The recent Dow Jones rally is a “dead cat bounce” because the stock market is going to tank and a recession will eventually cast a dark shadow over the US economy. That’s the bleak prediction of investment perma-bear David Tice, who previously managed the aptly-named Prudent Bear Fund. A dead cat bounce is a brief recovery from an extended bear market that’s followed by a prolonged downturn. Basically, that’s where Tice thinks the US stock market is right now. ‘We Are Now in a Bear Market’ Looking ahead, Tice claims a 10 to 30 percent market plunge looms on the horizon,

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Why the Bitcoin Price Will Reject the Bulls and Crash Even Lower

While financial forecasters are predicting a bullish 2019 for the bitcoin price, the cryptocurrency first needs to fight strong technical barriers in the near-term. It is becoming difficult for bitcoin bulls to initiate a substantial push towards the $ 3,480-barrier and beyond. At the same time, their presence at the support area above $ 3,371 is stopping the price from further downside action. The situation has led bitcoin to remain rangebound, which is increasing the bearish sentiment in the near-term scenario. On the intraday/weekly level, bitcoin could now pursue another selling action thanks to two pressing issues: lower volatility and volume. Let’s

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$41 Billion Flash Crash Leaves Singapore’s Stock Market Stunned: What Happened?

By CCN.com: Jardine Matheson shares listed on the Singapore Exchange (SGX) took a sudden 83 percent dive worth $ 41 billion on Thursday morning before making an equally quick recovery. The stunning movement, which took place in a matter of minutes, sparked a temporary market panic as stock market investors struggled to dump their stocks before … Continued

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