SNB & CHF

Online trading platform Swissquote is now connected to the Dubai Financial Market (DFM), allowing clients to invest in and trade DFM-listed securities. The platform is connected to the DFM through GTN Middle East and BHM Capital Financial Services’ direct market access route, and is expected to boost DFM-listed securities’ accessibility to investors outside the UAE. Swissquote is a provider of online financial services granting its clients access to trade a range of...

Bling on the landscape? Voters in Geneva will be able to have their say on adverts like this © Keystone / Christian Beutler The inhabitants of Vernier, a municipality in Geneva, are set to have their say on banning advertising billboards. A referendum launched against a new law banning this form of communication has collected 2,300 signatures, the co-chairman of the referendum committee, said on Monday. A total of 1,921 valid signatures had been required. Last...

[embedded content] 1.) A stablecoin’s rise in market share has ignited the ‘Second Great Stablecoin War’ Since Binance announced it would auto-convert USDC, USDP and TUSD into BUSD on Sept. 6, BUSD’s share of the total stablecoin market has risen from 10.01% to 15.48%.https://cointelegraph.com/news/a-stablecoin-s-rise-in-market-share-has-ignited-the-second-great-stablecoin-war 2.) Change of Heart: Kraken Closes Accounts for all Russian Users Following the latest...

The Swiss government has proposed amending the Tobacco Act to introduce a new tax for electronic cigarettes. Parliament has been asked to back the proposal, which is forecast to bring in around CHF13.8 million ($13.8 million) in extra tax revenues per year. The proposed tax rate for reusable e-cigarettes is CHF0.20 per millilitere of liquid containing nicotine. For single-use e-cigarettes, the government is aiming for CHF1 per millilitre of liquid – regardless...

Gold in 2023 Will Be Driven by Real Rates A Fed pivot is to be expected in 2023, according to today’s guest Mike Singleton. Mike is Senior Analyst at Invictus Research and joins us for the first time, here on GoldCore TV. [embedded content] In his chat with our host Dave Russell, Mike gives us his thoughts on inflation, the US Dollar and what the future holds for gold and silver prices. You’ll hear why Mike thinks that real rates are the key for us to look out for to...

Everyone caught by surprise that the infinite road actually has an end will face a bewildering transition. The End of the “Growth” Road is upon us, though the consensus continues to hold fast to the endearing fantasy of infinite expansion of consumption. This fantasy has been supported for decades by the financial expansion of debt, which enabled more spending which pushed consumption, earnings, taxes, etc. higher. All the financial games are fun but “growth” boils...

I fully realize that when it comes to Ukraine, one is supposed to focus exclusively on Russia’s invasion and not on what the Pentagon did to gin up the crisis, a crisis that has gotten us perilously close to a world-destroying nuclear war with Russia.  Nonetheless, the Pentagon’s role in this crisis needs to be emphasized, over and over again, just as the Pentagon’s role in ginning up the Cuban Missile Crisis also needs to be emphasized, over and over again. Yes,...

After falling as low as 7.30 to the dollar yesterday, this morning "someone" was selling big dollars in Hong Kong (offshore CNH). It's another way of saying de-hoarding private dollar reserves, essentially the same tactic beleaguered officials have been forced into around the world. Why? For one, the darkening outlines of global recession are being drawn much clearer using the ink of gross American demand destruction. Eurodollar University's Money & Macro Analysis Twitter:...

Last week Chinese President Xi Jinping called for accelerating the building of a world-class military while touting the fight against COVID-19 as he kicked off a Communist Party Congress by focusing on security and reiterating policy priorities. Xi, 69, won a third leadership term at the conclusion of the week-long congress that began on Sunday 16 October morning, cementing his place as China's most powerful ruler since Mao Zedong. Polaris-Live.com asked 7 experts from the United...

Overview: The US dollar is having one of toughest days of the year. It has been sold across the board and taken out key levels like parity in the euro, $1.15 in sterling, and CAD1.36. The Chinese yuan surged over 1%. Chinese officials promised healthy bond and stock markets. There is some talk that the PBOC may have intervened directly in the forex market. Large bourses in the Asia Pacific region rallied and the CSI 300 rose by 0.8%, its first gain of the week. After...