SNB & CHF

The Swiss merchant navy celebrates its 75th anniversary in 2016. Up until the 1960s, the crews of Swiss ocean-going freighters were still mainly Swiss. (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...

Swiss Franc The EUR/CHF remains in the range of 1.0815 to 1.0980. The SNB usually intervenes below 1.0850. I am expecting that speculators are reducing their CHF short positions. More tomorrow. EUR/CHF - Euro Swiss Franc, October 13 2016(see more posts on EUR/CHF, ). - Click to enlarge FX Rates The US dollar is firm, and the euro has slipped below $1.10 for the first time since late-July. Although the dollar’s...

Summary: The increase in the yen’s share of reserves was flattered by the yen’s 9% appreciation. The dollar and euro’s share of reserves were stable. Chinese integration has seen the share of unallocated reserves fall. Starting with Q3 data, (available end of March 2017) will break out the yuan’s share of reserves. The IMF provides the most authoritative data on central bank reserves. The composition is...

20 Minutes. Visa quotas for non-EU workers will rise next year. The increased quotas will include 3,000 B-permits and 4,500 L-permits, 1,000 more than this year. These limits are still lower than in 2014, when Swiss politics turned against the free movement of workers from the EU. 2014 quotas of 3,500 B-permits and 5,000 short-term L-permits, were reduced to 2,500 (B) and 4,000 (L), after a referendum to limit...

Quiet Fascism has no purpose other than to aggregate more power, maintain its secrets and lay waste to anyone who questions its Imperial authority. So my little-visited Wikipedia entry was minding its own business, not bothering anyone, until I dared to criticize the Clinton Foundation. The next day, my Wikipedia entry was taken out and shot by a mysterious “editor.” It was just coincidence, right, that my Wikipedia...

Summary: Regardless of outcome early next week, the High Court’s decision will likely be appealed. The issue is the role of parliament. The greater the role, the greater the risk of a delay, but also a better chance to minimize a hard Brexit. The UK decision to leave the EU has been both a political and economic shock. The near-term focus now shifts to the constitutional crisis that has ensued. The key issue...

Swiss Franc EUR/CHF Overview, October 12 2016(see more posts on EUR/CHF, ) - Click to enlarge FX Rates News that UK Prime Minister May has accepted that Parliament should vote on her plan for exiting the EU stopped sterling’s headlong slide. Sterling had been pounded for roughly 8.5 cents since the start of the month including the last four sessions. The idea that parliament, where the Conservatives enjoy a...

from Dilbert Creator Scott Adams’ blog, Following an excellent post-mortem on the debate (read here), Adams changes tack quite interestingly… I talked to a Swiss local yesterday about American politics. He says everyone in Switzerland is following the race closely. He favors Trump because he thinks Trump would be better for the global economy. I asked if anyone he knows in Switzerland is worried about...

Summary: Sterling’s decline is not longer coinciding with lower rates. Sterling’s decline is boosting inflation expectations. If the inflation expectations are realized (Sept CPI next week), it will quickly erode what ever competitive gains there may have been. Something has changed with sterling. It is not just last week’s flash crash that seems now to be more of a mark down than fat-finger, liquidity or...

Natalie Vein of BFI speaks with Doug Casey Our friend Natalie Vein recently had the opportunity to conduct an extensive interview with Doug Casey for BFI, the  parent company of Global Gold. Based on his decades-long experience in investing and his many travels, he shares his views on the state of the world economy, his outlook on critical political developments in the US and in Europe, as well as his investment...