The governments across the pond are beginning to stir up the global economies. On Thursday the Swiss National Bank made a surprise announcement removing their currency peg on the euro. This will end up being a foreshadowing to the European Central Bank announcing their quantitative easing on Thursday, January 22nd. Quantitative easing would make it difficult for the Swiss to continue to peg their currency. We should expect volatility to remain in the 20s at least until the news comes out on Thursday. We won’t be surprised by the ECB QE, however, we are waiting to see what it will entail.