SNB & CHF

Summary Downside momentum is fading and technicals are showing a bullish divergence. The Dollar Index has not met the minimum corrective retracement target, meaning that it is premature to talk about bear market. We identify two pre-conditions to enter trade. The Dollar Index set the year’s high on January 3 a little above 103.20.  Today it made a marginal new lows for the year at 95.464.  The previous low, set at...

Scientists feared the H5N1 virus could jump from birds to humans and trigger a pandemic - Click to enlarge Ten years ago Swiss pharmaceutical giant Novartis carried out clinical trials for a bird flu vaccine on homeless people in Poland. One man, who says they were told they were being tested for a conventional flu vaccine, is now suing the Basel-based company. When the H5N1 virus broke outexternal link among birds in...

“Financial Crisis Of Historic Proportions” Is “Bearing Down On Us” John Mauldin of Mauldin Economics latest research note, Prepare for Turbulence, is excellent and a must read warning about the coming financial crisis. Mind refreshed from what sounds like a wonderful honeymoon and having had the time to read some books outside his “comfort zone” he has come to the conclusion that we are on the verge of  a “major...

Bent and Distorted POITOU, FRANCE – This morning, we are wondering: How dumb is the Fed? The question was prompted by this comment by former Fed insider Chris Whalen at The Institutional Risk Analyst blog. [O]ur message to the folks in Jackson Hole this week [at the annual central banker meeting there] is that the end of the Fed’s reckless experiment in social engineering via QE and near-zero interest rates will end...

Former IMF chief economist Ken Rogoff warned today on CNBC that he was concerned about China. Specifically, he worried that country might “export a recession” to the rest of Asia if not the rest of the world. I’m not sure if he has been paying attention or not, but the Chinese economy since 2012 has been doing just that to varying degrees often just shy of that level. If there’s a country in the world which is really...

Swiss Franc The Euro has fallen by 0.02% to 1.1031 CHF. EUR/CHF - Euro Swiss Franc , July 14(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The Australian dollar has taken over leadership in the dollar bloc from the Canadian dollar.  The Aussies are up about 0.35% today to extend this week’s gains to more than 2% and reach a new high for the year a little more than $0.7760.   The Canadian dollar is...

Youna Jang Hartgraves, soprano, Jeffrey Snider, baritone, Mark Graham, piano "Opera on Tap Goes to Church" First Christian Church, Denton, Texas July 9, 2017

What are conditions generally like for start-ups in Switzerland? Swiss Public Television compares Zurich with the European start-up mecca, Berlin. (SRF, swissinfo.ch) --- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss perspective on international events. For more articles, interviews and videos visit swissinfo.ch or subscribe to our YouTube channel: Website: http://www.swissinfo.ch Channel:...

Our snapshot comparison of a 14-item list of basic groceries has revealed a +€27.74 (CHF30.38) difference between Switzerland (COOP supermarket in Lausanne) and France (Carrefour supermarket in Ferney Voltaire, near Geneva). The Swiss basket of items was +91% more expensive. Our mini poll took place at the end of June. You can read more about these whopping consumer price differences and the issue of cross-border shopping in an article, "What to do about Switzerland’s eye-watering prices?",...

Silver guru David Morgan met up with Mark O'Byrne of GoldCore for a chat last week. In this short video, they speak briefly about the importance of owning silver bullion coins and bars as financial insurance in an uncertain world. David speaks about GoldCore Secure Storage - http://www.goldcore.com/us/our-services/storage-2/ - and how he recommends GoldCore's ultra secure allocated and segregated gold, silver, platinum and palladium bullion storage (Zurich, Singapore and Hong Kong) to his...