What is “Francoggedon”? It is related to the Huge Economic Shock in 2015

April 5, 2017

Swiss Franc Shock? no no, it's a "Francoggedon".

What is “Francoggedon”? It is related to the Huge Economic Shock in 2015

On Thursday, January 15, 2015, the Swiss National Bank removed the 1.2000 floor against the Euro.
After the move, which was dubbed:
“Francoggeton”
the Franc fell to 0.8052, the market tumbled, and the estimated industry losses exceeded $1 billion.

Everyone remembers the event even people are not familiar with investment or financial markets.

Many traders couldn’t prepare for the event or did not intentionally to trade through the volatility. Some investors made fortunes, and some have lost theirs.

It certainly tumbles the world’s financial markets in January 2015 though, how could we prepare for the event?

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