Friday, January 16, 2015

Man Who Predicted Collapse Of Euro Against Swiss Franc Gives More Shocking Predictions For 2015

from King World News
Today the man who remarkably predicted the collapse of the euro against the Swiss franc just 45 days ago shares more shocking predictions for 2015 with King World News. This interview takes a trip down the rabbit hole of central bank lies and deception and eventual collapse.
Greyerz: “Eric, what a day. Currency wars in 2015 are starting with a massive capitulation of the Swiss National Bank. As I have predicted for months, the SNB finally released the peg between the euro and Swiss franc at 1.20. This caused massive moves in the currency markets as well as massive losses for the Swiss National Bank….
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Currency Losses on Swiss Move Threatens Broker FXCM (FXCM)

Yesterday's surprise move by the Swiss National Bank to uncap its currency to the Euro has claimed its first possible victim. Leading currency trading platform FXCM (NASDAQ: FXCM) said that it faces serious potential losses as a result of the move.
In a statement overnight, FXCM said, "clients experienced significant losses, generated negative equity balances owed to FXCM of approximately $225 million."
The firm said as a result of these debit balances, it may be in breach of some regulatory capital requirements.
FXCM is actively discussing alternatives to return capital to levels prior to today's events and discussing the matter with regulators.
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Tempur Sealy International Inc (NYSE: TPX)

Tempur Sealy International, Inc. develops, manufactures, markets, and distributes bedding products in North America and internationally. The company provides mattresses, foundations, adjustable bases, and other products, including pillows and other accessories. It offers its products under the TEMPUR, Tempur-Pedic, Sealy, Sealy Posturepedic, Optimum, and Stearns & Foster brand names. The company sells its products through furniture and bedding retailers, department stores, specialty retailers, and warehouse clubs; e-commerce platforms, company-owned stores, and call centers; and other third party distributors, and hospitality and healthcare customers.
Take a look at the 1-year chart of Tempur (NYSE: TPX) below with my added notations:
1-year chart of Tempur (NYSE: TPX)
TPX has been slowly trending lower since July. During the most recent 4 months the stock has formed an important trend line of resistance (blue). Always remember, any (2) points can start a trend line, but it’s the 3rd test and beyond that confirm its importance. TPX obviously has an important trendline of resistance, which currently sits just above $55.

The Tale of the Tape: TPX is currently stuck under a down trending resistance. A break above that resistance should mean higher prices, thus a long trade could be made. Short traders might look to enter a trade at the resistance.
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Rick Santelli on Volatility: You Ain’t Seen Nothing Yet

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How First Republic Bank (NYSE: FRC) is Beating the Market

Over the past five years, First Republic Bank (NYSE: FRC  ) has beaten the KBW Bank Index by 30%. Since 2011, the bank has beaten the S&P 500 by a solid 11%. Those kinds of results get my attention. And the first step to finding out what's driving them is to learn how exactly this bank makes its money.
How First Republic Bank makes its money
First Republic is a pretty simple bank with a modern twist. At its core, the bank accepts deposits, originates loans, and helps its clients with the financial management of their lives and businesses. (more)

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Commodities & Futures with Don Dawson

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