The Saxo Bank Group entities each provide execution-only service and access to Tradingfloor.com permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to Tradingfloor.com and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to Tradingfloor.com is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on Tradingfloor.com or as a result of the use of the Tradingfloor.com. Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through Tradingfloor.com your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. Tradingfloor.com does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer

Write a Squawk to Tonny Holdorf
  • Article / 19 January 2015 at 13:39 GMT

    Macro Digest: Endgame for central bankers

    Chief Economist & CIO / Saxo Bank
    Macro Digest: Endgame for central bankers
    The SNB's sudden abandonment of the Swiss franc's peg to the euro unleashed wave after wave of crushing volatility across the world's markets. If ostensibly "independent" central bankers can pull the rug from under the markets with such brutality, why should we trust them - or even listen to them?
    Read the article
    Mark12 Mark12
    I can understand that market pros' are "disappointed" by the communication of the SNB - they didn't get the heads-up they got used to receive from their...
    Steen Thaulow Olsen Steen Thaulow Olsen
    Peter Varcoe; I agree about who controls monetary policy. And thank you for reminding me I still haven´t ordred The Creature From Jekyll Island from Griffin.. getting...
    V for Vendetta V for Vendetta
    This comment has been redacted
Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail