Fx Primus Rebates

EUR/CHF 1.20000: BlackRock smashing the glass ceiling?

BlackRock money manager Scott Thiel notes that the EUR/CHF returning to 1.2000 without the need of the SNB’s defence will be a victory for the SNB He questions what happens when 1.2000 is breached – where will price go. He notes that the Swiss monetary policy is unlikely to change before the ECB so he…

Fx Primus Rebates

China looks to open markets

On Tuesday China decided to scrap current limits on foreign ownership of cars, ships and aircraft in 2018 signalling an opening of markets Germany’s largest industry group (BDI) welcomed China’s announcement with ,  stating that , “the end of the joint venture constraint for the production of cars, airplanes and ships is a first set…