SNB & CHF

Spot the difference: traffic queues at the motorway A2 southbound at the Gotthard tunnel between Goeschenen and Erstfeld, northbound is largely free Long queues have been reported at the Gotthard tunnel in central Switzerland as holidaymakers head south for the Easter break. The traffic jam at the northern end of the tunnel stands at 12 kilometres, with a wait of almost two hours, the Touring Club of Switzerlandexternal...

The Chinese economy grew at a faster rate than expected in the first quarter as policy stimulus effects kick in. The National Bureau of Statistics of China published Q1 GDP figures along with some key economic indicators for March. The data generally surprised on the upside. While we had previously flagged the upside risk to our earlier GDP forecast following the rebound in PMIs and strong credit numbers, the latest...

Passengers boarding a train in Bern station The national railway operator, Swiss Federal Railways, has set up a taskforce to look into train punctuality – currently 90.1% – after the rate slipped slightly last year. News of the taskforce was broken by CH-Media groupexternal link and confirmed by the Federal Railwaysexternal link to the Swiss public broadcaster SRFexternal link. The group, made up of experienced...

President Trump’s focus on getting re-elected in November 2020 may have implications for his economic policy choices. As we move closer to the 2020 presidential election, Trump has been blatantly leaning on the Federal Reserve to be more accommodative and has been trying to appoint nominees who share his preference for loose monetary policy to the Fed board. The countdown to the 2020 elections also seems to be prompting...

VIDEO NOTIFICATION SIGN-UP: http://bit.ly/2y63PvX-Sign-Up VIDEO ABSTRACT: America's Forced Financial Flight: Fleeing Unaffordable and Dysfunctional Cities April 22, 2019 --- https://www.oftwominds.com/blogapr19/forced-flight4-19.html Thank you to all Macro Analytics/Gordon T Long YouTube followers. I will continue to add the following message to each video, which many have already seen to help all of those that haven’t learned of the new update. Thank you again for your support! To all...

Swiss Franc The Euro has fallen by 0.03% at 1.1399 EUR/CHF and USD/CHF, April 19(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Many financial centers are closed today. These include Australia, India, most European markets, and the US. In Asia, equity markets that were open moved higher. The Nikkei, which gapped higher on Monday, rose 0.5% today for a 1.5%...

Soybean harvest in Mato Grosso, Brazil (Keystone / Andre Penner) A United Nations representative is demanding action following reports that Swiss crop science company Syngenta is selling highly hazardous pesticides abroad. “There is an urgent need to end this exploitation of lower standards of protection. This is a morally and ethically unjustifiable situation,” Baskut Tuncak, United Nations Special Rapporteur on human...

It had been 55 months, nearly five years since China’s vast and troubled industrial sector had seen growth better than 8%. Not since the first sparks of the rising dollar, Euro$ #3’s worst, had Industrial Production been better than that mark. What used to be a floor had seemingly become an unbreakable ceiling over this past half a decade. According to Chinese estimates, IP in March 2019 was 8.5% more than it was in...

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Swiss Franc The Euro has fallen by 0.15% at 1.1393 EUR/CHF and USD/CHF, April 18(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: A bout of profit-taking in equities began in the US yesterday and has carried through Asia and Europe today. The MSCI Asia Pacific Index fell for the first time in five days, while the Dow Jones Stoxx 600 is snapping a six-day advance....