SNB & CHF

Swiss Franc The Euro has risen by 0.39% at 1.141 EUR/CHF and USD/CHF, November 14(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Investors are on pins and needles today. Oil prices are trying to stabilize after WTI’s outsized 7% fall yesterday, its largest in three years. Global equities are heavier, dragged down by energy, but also larger than expected Q3...

Born in 1960, Urs Roth had been working for Visana since 1995 The president of the Swiss insurance firm Visana, Urs Roth, committed suicide on Monday, the firm has announced. In recent years, several top Swiss executives have taken their lives. “It is with great sadness that we inform you about the death of our Chairman of the Executive Board, Mr. Urs Roth, who took his own life yesterday,” Visana said in a brief...

As a long-term dollar bull, I was happy to accept Bloomberg TV’s invite to come to the set on the day that the Dollar Index made new highs for the year and the euro punched through the $1.1300 support that has held since mid-August. Bloomberg TV The slightly less than two-minute video clip is a part of the discussion the euro’s drivers. While I tend to emphasize the macro forces at play, my day-to-date responsibilities...

It’s one of those “nothing to see here” moments for Economists trying not to appreciate what’s really going on in China therefore the global economy. The slump in China’s automotive sector dragged on through October, with year-over-year sales down for the fourth straight month.Auto sales last month were off 12% from a year earlier to 2.38 million, the government-backed China Association of Automobile Manufacturers said...

So this happened: Republic Metals, a gold refiner, filed bankruptcy on November 2. The company had found a discrepancy in its inventory of around $90 million, while preparing its financial statements. We are not going to point the Finger of Blame at Republic or its management, as we do not know if this was honest error or theft. If it was theft, then we would not expect it to be a simple matter of employees or...

Swiss Franc The Euro has risen by 0.28% at 1.137 EUR/CHF and USD/CHF, November 13(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US dollar has a heavier bias against most of the major and emerging markets currencies, but the pullback is shallow, and the greenback’s underlying strength is still evident. Asian equities were mixed. Concern that Apple may be...

The Producer Price Index (PPI) or officially named “Producer and Import Price Index” describes the changes in prices for producers and importers. For us it is interesting because it is used in the formula for the Real Effective Exchange Rate. When producers and importers profit on lower price changes when compared to other countries, then the Swiss Franc reduces its overvaluation. The Swiss PPI values of -6% in 2015...

French President Emmanuel Macron making the call, on Monday. In Paris on Monday, several hundred governments and tech companies – and Switzerland – signed a new charter for trust and security online. In the so-called ‘Paris Callexternal link’, launched by French President Macron at the UNESCO Internet Governance Forum in Paris, signatories pledged to support “an open, safe, stable, accessible, and peaceful cyberspace”...

I joined Charles Payne on Fox Business TV for a broad economic discussion today.  Payne, like many, are concerned that the Fed continues to tighten and worries this is going to end the business cycle. He also argued that the strong dollar was a significant threat of US multinational earnings. Charles Payne on Fox Business TV In this roughly 6.5 minute clip of the entire discussion (here), I suggest that the best...

Nov.12 -- Marc Chandler, chief market strategist at Bannockburn Global Forex, looks at issues impacting the euro and his expectations for the Italian budget. He speaks on "Bloomberg Daybreak: Americas."