SNB & CHF

– Gold gains due to concerns about slowing growth, monetary and geopolitical risks – Increasing possibility of ‘No Deal’ Brexit heightens recession risks in UK, Ireland – Brexit uncertainty is impacting UK & Irish economies; Likely do long term damage – UK sees sharp slowdown in mortgage approvals in February as housing market slows – Gold surges to near all time record highs in Australian dollars at $1,860/oz –...

Swiss Franc The Euro has fallen by 0.05% at 1.1194 EUR/CHF and USD/CHF, March 27(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US 10-year yield is trading below the Fed funds target. The two-year yield is trading below the lower end of the Fed funds target range. A warning by New Zealand that the next rate move could be a cut sent New Zealand and Australian...

The Brexit date of 29th March has been delayed to the 12th April or the 22nd May as the EU provide a lifeline to the UK to help them avoid a no-deal scenario. This has helped the pound to rise and has provided some of the best rates to buy Swiss Francs in many months. The outlook for the pound is now looking much less rosy as investors await the latest news on Brexit and to see if the House of Commons will be likely to...

I joined Shey Ann and Amanda Lang on the Bloomberg set to talk about sterling and the euro. The media makes it sound like there was a coup in the UK and Parliament has taken control of Brexit. This is an exaggeration. The House of Commons did secure tomorrow to have “indicative votes” on the different alternatives. These votes are not binding on the Prime Minister who as already indicated some alternatives that she will...

This is the second flaw in the Swiss Post future e-voting system discovered during the public intrusion test phase. (Keystone) A second error in the Swiss Post planned e-voting system has been discovered as the public intrusion test phase comes to an end. The Federal Chancellery announced the need for action and confirmed a review of the e-voting certification and approval process. The same computer experts who...

Late last year, Barrick Gold, the world’s largest gold miner in terms of reserves, made headlines when it announced its acquisition of Randgold Resources, in an $18bn mega-merger that marked a key moment for the mining industry. In January, United States gold giant Newmont and principal rival of Barrick, made public its own plans to buy Canada’s Goldcorp, the world’s third-largest bullion producer by market value, for...

We either take down Facebook and Google and turn them into tightly regulated transparent public utilities available to all or they will destroy what little is left of American democracy. The RussiaGate Narrative has been revealed as a Big Con (a.k.a. Nothing-Burger), but what’s dangerously real is the censorship that’s being carried out by the for-profit monopolies Facebook and Google on behalf of the status quo’s Big...

German growth may remain subdued in H1 2019, before picking up somewhat in H2 2019 as some near-term risks dissipate. Germany’s leading indicator, the Ifo index, rose in March, driven by an increase in both sub-components: current assessment and expectations. The Ifo index differs in make-up from Markit’s purchasing manager indexes, but at the sector level, the story is the same: the more domestically driven services...

On March 25, 1999, Chinese President Jiang Zemin was confronted by pro-Tibetan protesters upon his arrival at the seat of parliament in Bern. Furious, he refused to participate in a guard of honour or to greet government members waiting to receive him. In his speech, he sharply criticised the Swiss authorities, accusing them of not being capable of maintaining order and told them they had lost a good friend. (SRF/swissinfo.ch) --- swissinfo.ch is the international branch of the Swiss...

On March 25, 1999, Chinese President Jiang Zemin was confronted by pro-Tibetan protesters upon his arrival at the seat of parliament in Bern. Furious, he refused to participate in a guard of honour or to greet government members waiting to receive him. In his speech, he sharply criticised the Swiss authorities, accusing them of not being capable of maintaining order and told them they had lost a good friend. (SRF/swissinfo.ch) --- swissinfo.ch is the international branch of the Swiss...