SNB & CHF

Summary Reserve Bank of India surprised markets with the start of the tightening cycle. The Czech National Bank (CNB) ended the EUR/CZK floor. Israeli central bank said it won’t hike rates until Q2 2018. Both S&P and Fitch cut South Africa’s rating one notch to sub-investment grade BB+. Moody’s put South Africa’s Baa2 rating on review for a downgrade S&P upgraded Argentina one notch to B with stable outlook....

– Gold silver oil spike after U.S. bombs Syria– Gold and silver spike 1% as oil rises 1.4% – Gold breaks 200 day moving average, 4th week of gains– Stocks fall after U.S. strikes in Syria rattle markets – U.S. missiles hit airbase; Lavrov says no Russian casualties; Russia deploys cruise missile frigate to Syria – Russia denounces ‘aggression’ & warns of ‘considerable damage’ U.S. ties– “Aggression against a...

A Swiss television crew use a hidden camera to show the extent to which a woman was sexually harassed on the streets of Geneva. But it’s not just in western Switzerland that harassment is the order of the day for women. (RTS/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...

As world “leaders” gathered in Davos in January 2016, they did so among financial turmoil that was creating more economic havoc than at any time since the Great “Recession.” Having seen especially US QE as the equivalent of money printing, their focus was drawn elsewhere to at least attempt an explanation for the contradiction. They initially settled on the Fed’s rate hike, where terminating “ultra-loose” policies was...

The US jobs data is notoriously difficult to accurately forecast consistently. I do not claim to do so now. My intent is more modest. It is simply to point out why I there is risk that the jobs data is disappointing, especially after the stronger than expected ADP estimate. U.S. Nonfarm Payrolls, March 2017(see more posts on U.S. Nonfarm Payrolls, ) Source: investing.com - Click to enlarge The same forces that...

© Kevinbrine | Dreamstime.com The French-Swiss group, described as “disreputable” by the Ville de Paris, will not be supplying sand to the city of Paris this summer. Paris Plages (Beaches), a project that creates temporary beaches of sand along the banks of the river Seine every summer, said it would take no more sand from LafargeHolcim because of its willingness get involved in Donald Trumps’s disastrous Mexican wall...

  Counterintuitive Moves Something odd happened late in the day in Wednesday’s trading session, which prompted a number of people to mail in comments or ask a question or two. Since we have discussed this issue previously, we decided this was a good opportunity to briefly elaborate on the topic again in these pages. A strong ADP jobs report for March was released on Wednesday, and the gold price dutifully declined...

JP Morgan’s CEO Jamie Dimon caused a stir yesterday with his 45-page annual letter to shareholders. The phrase that gained him so much widespread attention was, “there is something wrong with the US.” Dimon mentioned secular stagnation and correctly surmised it was the right idea if for the wrong reasons. He then gave his own which included a litany of globalist agenda items, including not enough access to mortgages. I...

Unemployment Rate (not seasonally adjusted) Registered unemployment in March 2017 – According to the State Secretariat for Economic Affairs (SECO) surveys, 152,280 unemployed persons were registered at the regional employment services centers (RAV) at the end of March 2017, 7,529 less than in the previous month. The unemployment rate thus fell from 3.6% in February 2017 to 3.4% in the reporting month.  Switzerland...

Swiss mountaineer Ueli Steck is training for a new record: Climbing Mount Everest, descending via the South Col and re-ascending the Lhotse...all without supplemental oxygen. (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:...