SNB & CHF

Swiss Franc EUR/CHF - Euro Swiss Franc, March 28(see more posts on EUR/CHF, ) - Click to enlarge GBP/CHF The Swiss Franc continues to hold the higher ground as global uncertainty continues to dominate the markets. UBS Consumption Indicator is released tomorrow morning which should give some further clues to as the health of the Swiss economy. The numbers are important as the consumption is the most important...

Swiss Franc Speculators were net short CHF in January 2015, shortly before the end of the peg, with 26.4K contracts. Then again in December 2015, when they expected a Fed rate hike, with 25.5K contracts. The biggest short CHF, however, happened in June 2007, when speculators were net short 80K contracts. Shortly after, the U.S. subprime crisis started. The carry trade against CHF collapsed. The...

In recent months, Ray Dalio seems to be undergoing a deep midlife and identity crisis, which has not only led to dramatic recent management changes at the world’s largest hedge fund, Bridgewater, but also resulted in some fairly spectacular cognitive dissonance, as Dalio first praised, then slammed, president Trump. Yesterday. in the latest expression of his building anti-Trumpian sentiment, Bridgewater released a...

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. Careening from Crisis to Crisis Back in the old days, homes had fuse boxes. Today, of course, any new house is built with a circuit breaker panel and many older homes have been upgraded at one time or another. However, the fuse is a much more interesting analogy for the monetary system. When a fuse burned out, it was...

The Fed did, as expected, hike rates at their last meeting. And interestingly, interest rates have done nothing but fall since that day. As I predicted in the last BWER, Greenspan’s conundrum is making a comeback. The Fed can do whatever it wants with Fed funds – heck, barely anyone is using it anyway – but they can’t control what the market does with long term rates. At least not without making a commitment like the...

Authored by Ryan McMaken via The Mises Institute, As the immigration debate goes on, many commentators continue to sloppily ignore the difference between the concept of naturalization and the phenomenon of immigration.  While the two are certainly related, they are also certainly not the same thing. Recognizing this distinction can help us to see the very real differences between naturalization, which is a matter...

Swiss Franc Speculators were net short CHF in January 2015, shortly before the end of the peg, with 26.4K contracts. Then again in December 2015, when they expected a Fed rate hike, with 25.5K contracts. The biggest short CHF, however, happened in June 2007, when speculators were net short 80K contracts. Shortly after, the U.S. subprime crisis started. The carry trade against CHF collapsed. The...

The exhibition "Take a Holiday!" looks back at the innovative and colourful ways in which Switzerland has been advertised as a tourism destination. The Museum für Gestaltung in Zurich commemorates the centenary of the Swiss tourism office. (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...

What does it take to become a fully-fledged Swiss citizen? --- 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: http://www.youtube.com/swissinfovideos Subscribe:...

(ll) – Die Schweizerische Nationalbank (SNB) hat am Donnerstag ihren Geschäftsbericht publiziert und musste erneut heftige Kritik vor der Schweizer Unabhängigkeitspartei up! einstecken. up! kritisiert insbesondere die expansive Geldpolitik, die zu Fremdwährungsreserven von 692 Milliarden Franken geführt hat. Zudem fordert up! einen Übergang von der staatlichen Währung zu einem System von Marktwährungen. Die SNB hat in...