Will Norway and Danish banks take your foreign Euro investment unlike Switzerland? ECB bombshell tsumani comes this Thursday?
This came in from Oanda:
ECB’s Draghi Cannot Afford to Lose Street Cred This Week
Rate divergence is a major trading theme for 2015. Yet no one expected the imminent impact of varying rate policies so early in the new calendar year. For months the market has been focusing on the Federal Reserve or the Bank of England to hike interest rates, but both banks have pushed the timing to do so further out the curve. Now there’s a real possibility that the European Central Bank will introduce its own quantitative easing policy on January 22.
In light of these events, investors have to broaden their horizons to include Tier II central bank policies, the proactive measure undertaken by the Swiss National Bank last week, and the impacts that the Swiss action may have on other national central banks in the euro region. Currently, Scandinavian banks are joining the Danish government in trying to persuade offshore investors that the Nordic countries will not copy the Swiss and drop their euro pegs — the diverging rate storyline has gotten far more interesting. >> Read More
This comes tomorrow which could cause another tsunami like the Swiss National Bank. You have been warned as well.FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!