History and curiosities

Every day, from Monday to Friday, the world moves more money than many economies produce in a year. It is the Forex market, short for foreign exchange , the largest and most liquid in the world: according to the latest survey by the Bank for International Settlements (BIS) , in 2025 the average daily trading volume reached 9.5 trillion dollars (9,500,000,000,000) . A dizzying figure, which makes Forex not only the engine of the global financial system, but also its most s

When we think of the atomic bombings of Hiroshima and Nagasaki, our imagination immediately turns to the human tragedy and the geopolitical turning point that marked the end of World War II. But financial markets were also affected, albeit in very different ways in the United States and Japan. 🇺🇸 Wall Street: The wait for peace turns into a rally After Hiroshima (August 6, 1945) and Nagasaki (August 9), investors' immediate expectation was that the war in the Pacific was ov

In January 2015, the Swiss National Bank (SNB) made a decision that would mark a turning point in the history of the bond markets. After years of defending the minimum exchange rate of 1.20 Swiss francs per euro , the SNB suddenly decided to abandon the peg and lower key rates to –0.75% , the lowest level ever recorded up to that point. In the hours  immediately following the decision, the Swiss franc rapidly appreciated by more than 15% against the euro and the dollar  . I