SNB & CHF

The sanctions against Iran are affecting the banking industry there. (Keystone) A Swiss lender is suspending new transactions with Iran following US President Donald Trump’s withdrawal from the nuclear deal with Tehran. Banque de Commerce et de Placements (BCP)external link announced on Tuesday that it was wrapping up its activity in Iran in response to the US pulling out of the Iranian nuclear accord earlier this...

Summary: Euro has fallen 10.5 cents since mid-February. Net speculative longs in the futures market remain near record. Gross long euros have actually increased over the past month. When one trades futures, one declares whether one has an underlying business need, in which case one is considered a commercial. If no underlying business need exists, one is classified as a non-commercial, which in the vernacular of...

Stock Markets EM FX has started the week mixed. Some relief was seen as US rates stalled out last week, but this Friday’s jobs number could be key for the next leg of this dollar rally. On Wednesday, the Fed releases its Beige book for the upcoming June 13 FOMC meeting, where a 25 bp hike is widely expected. We believe EM FX remains vulnerable to further losses. Stock Markets Emerging Markets, May 23 Source:...

Are Gold And Silver Obsolete In The Crypto Age? What is the outlook for the global economy, financial markets, crypto currencies such as bitcoin and gold and silver bullion in the digital age? TOPICS IN THIS INTERVIEW 01:00 Diagnosis of the economy and rising inflation 06:00 Possible stock market correction? 09:30 What is triggering higher oil prices? 13:05 Impacts of rising oil prices on the mining sector 14:40 Gold...

In the autumn of 2017, the Swiss National Bank (SNB) conducted a survey on payment methods for the first time. The aim of the survey is to obtain representative information on payment behaviour and the use of cash by house holds in Switzerland, and to ascertain the underlying motives for this behaviour. As part of the survey, around 2,000 people resident in Switzerland were interviewed to obtain information on their...

Switzerland’s real gross domestic product (GDP) grew by 0.6% in the 1st quarter of 2018.* Although growth lost some momentum in comparison to the second half of 2017, it was nevertheless broad-based across the various business sectors. The secondary sector expanded modestly, while growth in several service sectors accelerated, including in trade and business-related services. The entertainment industry recorded strong...

The Used Goods Question Retail sales in several countries like Germany, Japan and Switzerland continue to fall or they remain steady for years. In the United States they have strongly risen recently. We should remind readers, that used goods sold via Ebay or similar, are not contained in this statistics. Still they create economic value for the purchases. By mentality, Swiss, Germans or Japanese pay more attention so...

“Nestlé remains fully committed to its home base in Switzerland”, wrote the company in a press release. Swiss food giant Nestlé plans to cut as many as 500 computer-service jobs in Switzerland as part of a restructuring plan to increase profitability, the company announced on Tuesday. Nestlé will be outsourcing the IT jobs to Spain, according to a press release published on the company’s website. “We understand that...

Swiss Franc The Euro has fallen by -0.42% to 1.1485 CHF. EUR-CHF and USD-CHF, May 31(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The global capital markets that were in panic mode on Tuesday stabilized yesterday, and corrective forces have carried into today’s activity. However, the underlying issues in Italy and Spain are hardly clarified in the past 48 hours. ...

The New In Gold We Trust Report is Here! As announced in our latest gold market update last week, this year’s In Gold We Trust report by our good friends Ronald Stoeferle and Mark Valek has just been released. This is the biggest and most comprehensive gold research report in the world, and as always contains a wealth of interesting new material, as well as the traditional large collection of charts and data that...