An important event took place on August 15, 1971, which exerted influence on the current financial system. President Nixon declared the United States refusal of exchanging dollars for gold. This refusal became unexpected for other countries, that is why a number of presidential economic reforms of those times are called ‘Nixon shock’ and they jeopardized […]
The Swiss franc (code CHF) appeared in 1850 and was equal to one French franc. The Swiss franc is used as a currency for saving capital due to its stability of the exchange rate. Categories and tags were taken from the article about the British pound. Read more: Why is the Swiss franc so stable? […]
Nasdaq, S&P500, Dow Jones – futures (what futures are) on American stock indices are one of the most popular markets in the world.
Futures contracts are standardized contracts for deferred delivery of an asset at a fixed price. Traders call such contracts – futures contracts or futures. You can read more about futures, their history, idea and purpose in our ‘What futures are’ article. We also have articles about volatility of futures. As regards this article, which we […]
