SNB & CHF

Overview: Asia Pacific equities were mixed. Gains were recorded in China, Hong Kong, Australia, and India, among the large markets, while Japan was mostly flat and South Korea and Taiwan shares fell. Europe's Stoxx 600 is off about 0.7%, the same as yesterday. US futures are slightly firmer. The rally in bonds continues. After falling nearly a dozen basis points yesterday, the US 10-year yield is off another 5 bp today around 3.10% it is near two-and-a-half week...

Keystone/Georgios Kefalas Refugees with a special legal status will be able to exchange a limited amount of Ukranian banknotes for Swiss francs. The Swiss government on Wednesday announced that adults with a protection S status may exchange one amount of up to 10,000 hryvnia – the equivalent of CHF300 ($310.50) at selected branches of the two main Swiss banks, UBS and Credit Suisse. The regulation is due to come into force next Monday, according to the State...

Over the weekend, Bitcoin tumbled again. Reaching an ultra-ugly low of $17,641 (before retracing back above $20k), even the self-styled premier digital “store of value” has thrown in the towel. As I wrote last week, winter isn’t coming it is here. One crucial reason why, the Japan’s Ministry of Finance reported last week how imports into that country during the tumultuous month of April surged by a frankly ridiculous 48.9% year-over-year. It was the biggest annual...

Hypotheken sind bereits massiv teurer geworden. (Bild: Shutterstock.com/Michael Dechev) Die Inflation und die Leitzins-Erhöhung durch die Schweizerische Nationalbank (SNB) am 16. Juni 2022 (investrends.ch berichtete) haben Auswirkungen auf den Hypothekarmarkt. Die Richtzinssätze für Schweizer Festhypotheken sind seit Anfang des Jahres beispiellos angestiegen. Seit Juli 2011 notierten die Festhypotheken laut moneyland.ch nicht mehr so hoch. Obwohl sich die...

Die Zahl der bei Banken in der Schweiz beschäftigten Mitarbeitenden stieg im vergangenen Jahr gemäss der Bankenstatistik der SNB um 0,7 Prozent auf 90’577. Trotz anspruchsvollem Umfeld und der Pandemie-Situation ist das zum zweiten Mal in Folge ein leichter Anstieg. Der Anteil der weiblichen Beschäftigten in der Schweizer Bankbranche bleibt mit knapp 38% im Vergleich zum Vojahr unverändert. (Bild: Shutterstock.com/Fizkes) Wie die am Donnerstag veröffentlichte...

Goldman Sachs discusses CHF outlook and maintains a bullish bias over the medium-term. ‘The SNB surprised markets with a 50bp hike last week and a change to its intervention framework. The move confirms our bullish view on the Franc and is the strongest evidence yet of our “Reverse Currency Wars” thesis-the era of targeting weaker exchange rates is over (and accelerating through the year) is probably too high relative to the SNB’s inflation aim. The Bank’s...

We are now well past the corona crisis of 2020, and most of the restrictions around the world have been repealed or loosened. However, the long-term consequences of arbitrary and destructive corona policies are still with us—in fact, we are now in the middle of the inevitable economic crisis. Proclaiming the great crash and economic crisis of 2022 is at this point not especially prescient or insightful, as commentators have been predicting it for months. The cause is...

Member video https://bitcoinandmarkets.com/e244-video/ Full show notes https://bitcoinandmarkets.com/e244/ As listeners to this podcast know, I've been pretty well convinced of the Eurodollar system framework. Jeff Snider is the primary expert on this field today, and his popularity has started to spread rapidly. Though Jeff is an expert in the current system, his critique of bitcoin leaves room for improvement. In this episode, I breakdown part of a recent podcast he was on...

Marc Chandler, Chief Strategist of Bannockburn Global Forex, talks with Blake Morrow to discuss how the #FOMC and Fed Chair Powell may navigate further rate hikes moving forward. Marc believes that the Federal Reserve will continue to “tighten financial conditions” (i.e lower stock and housing prices) until certain criteria is met. He discusses four specific numbers for traders and investors to look at. He talks about high yield bonds, employment numbers, inflation amongst other...

Overview: Yesterday’s strong US equity gains failed to carry over into today’s session. Japanese and Australian shares fared the best among the large Asia Pacific market, with the Nikkei off less than 0.4% and the ASX off less than 0.25%. However, China’s markets were off more than 1%, while Taiwan and South Korea indices slumped more than 2%. India is off nearly 1.5%. Europe’s Stoxx 600 is down 1.5% and is giving back all of its gains in the past three sessions. US...