SNB & CHF

I had the privilege of joining Scarlet Fu and Joe Wisenthal on the set of What’d You Miss on Bloomberg TV yesterday afternoon. It was within a couple of hours of the second Fed rate hike in a decade.   The dollar rallied.I was surprised by the changed forecasts.  The median forecast, which is not the same thing as the Fed view, edged about 25 bp higher across the forecasting horizon. I had thought the the aspirational...

But, but, but… growth, and inflation, and supply cuts, and growth again… Well that de-escalated quickly… As Libya restarts exports and The Fed sends the dollar soaring so WTI crude prices just broke back to a $49 handle for the first time since Dec 8th. WTI CrudeWTI Crude - Click to enlarge “The OPEC cuts are going to prevent some of the mega-glut,” said Olivier Jakob, managing director at Petromatrix GmbH in Zug,...

This great generational injustice is the direct consequence of central banks lowering interest rates to zero and inflating asset bubbles. How can middle class households have similar incomes but some are asset-rich and others are asset-poor? Spending and saving habits matter, of course; some households spend virtually all their net income while others “pay themselves first” and scrimp to do so. But the really big...

  Long Term Seasonal Price Trends Prices in financial and commodity markets are exhibiting seasonal trends. This applies to the precious metals gold, silver, platinum and palladium as well. Platinum Crystal, image via shapeways.com - Click to enlarge The chart below depicts the seasonal trends of the gold price over a time period of 45 years. Gold prices typically experience a seasonal rally in the second half of the...

Dec 15 – Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman, is one of the most widely respected and sought after currency experts in the world. Today, he shares his outlook with FS Insider on the US dollar... http://www.financialsense.com/subscribe

Dec 15 – Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman, is one of the most widely respected and sought after currency experts in the world. Today, he shares his outlook with FS Insider on the US dollar... http://www.financialsense.com/subscribe

Swiss Franc EUR/CHF - Euro Swiss Franc, December 14(see more posts on EUR/CHF, ) - Click to enlarge The Pound is entering mid-December in the same fashion it begun the month after having a very strong November as well. After being buoyed by Donald Trump’s victory and the High Courts ruling that parliamentary approval is needed before invoking Article 50, the Pound has been boosted further after economic data...

Swiss Franc EUR/CHF - Euro Swiss Franc, December 14(see more posts on EUR/CHF, ) - Click to enlarge The Pound is entering mid-December in the same fashion it begun the month after having a very strong November as well. After being buoyed by Donald Trump’s victory and the High Courts ruling that parliamentary approval is needed before invoking Article 50, the Pound has been boosted further after economic data...

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. A Lawsuit Makes Waves The price action was mixed last week. Those hoping for dollar declines in gold terms were disappointed. However, silver gave them a sop as the price of the buck declined by one one-hundredth of a gram of silver. In Monetarist terms, gold went down $18 and silver up 11 cents. Monetarism, in its...

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. A Lawsuit Makes Waves The price action was mixed last week. Those hoping for dollar declines in gold terms were disappointed. However, silver gave them a sop as the price of the buck declined by one one-hundredth of a gram of silver. In Monetarist terms, gold went down $18 and silver up 11 cents. Monetarism, in its...