SNB & CHF

Initially, the dots got all the attention. Though these things are beyond hopeless, the media needs them to write up its account of a more fruitful monetary policy outcome because markets continue to discount that entirely. Dots look like inflationary success if possibly even now more likely, whereas yields and especially bills have (re)taken a more skeptical approach pricing almost no chance for it. Buried in the FOMC minutiae on Wednesday was an upward adjustment...

"It's Always Great to be Bearish in a Down Market" - Mark Chandler Marc Chandler from Bannockburn Global Forex sees the US Dollar Index (#DXY) rally to last near term, but consolidate recent gains following the #FOMC, he discusses possible targets in the #EURUSD and how rates may react below 2% on the 10yr. ?? Make sure to like, share, and subscribe to our channel to ensure we continue to deliver these high quality interviews and content.?? //TRADERS SUMMIT WEBSITE ✅...

The handshake between US-President Joe Biden and his Russian counterpart, Vladimir Putin between made headlines in Geneva on Wednesday. The atmosphere of their meeting was described as “warm”. The summit took place amid a huge security operation involving thousands of police and military personnel. The lake and parts of the city became no-go zones. swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to...

Swiss Franc The Euro has risen by 0.13% to 1.0911 EUR/CHF and USD/CHF, June 17(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: A more hawkish than expected Federal Reserve sent the US dollar and interest rates higher and spurred an equity sell-off. The knock-on effect sent ripples through the capital markets today. Most equity markets in the Asia Pacific region fell. China, Hong Kong, and Taiwan were notable...

Swiss National Bank maintains expansionary monetary policy The SNB is maintaining its expansionary monetary policy with a view to ensuring price stability and providing ongoing support to the Swiss economy in its recovery from the impact of the coronavirus pandemic. It is keeping the SNB policy rate and interest on sight deposits at the SNB at −0.75%, and remains willing to intervene in the foreign exchange market as necessary, while taking the overall currency...

[unable to retrieve full-text content]Over the weekend, a majority of voters in the canton of Basel-City voted in favour of a minimum wage of CHF 21 (US$ 23) an hour. The move will make Basel-City the first German-speaking Swiss canton to adopt a minimum wage, following in the footsteps of Geneva, Neuchâtel, Jura and Ticino.

Wouldn’t it be nice to not get bruised after a cosmetic procedure? A lot of people have bruises after every procedure because it’s hard for a physician to go around all the veins in your body. It’s like they’re in a war zone, filled with landmines, not knowing where they are hidden. For the past decade, AccuVein is the solution to this discomfort. It’s like a roadmap for the blood vessels in your body, and it significantly reduces bruising and makes the...

The “old” Normal was fun, but how fun was it really. The commute was a killer and took its toll on the family. We were all working harder and making less. Time was at a premium and so was spending time with your family. The focus on consumption was all enveloping. We now defend on many other countries for vital resources. Off-shoring had many destructive impacts upon our economy and your health. Unhealthy food is highly profitable. Now we can start eating real food. Local...

Geneva will be hosting the first presidential meeting between the American president Joe Biden and his Russian counterpart Vladimir Putin. Preparations are underway. As the host country, Switzerland will be deploying its good offices and taking all the necessary measures to ensure that talks, which start on June 16, can take place as safely and as discreetly as possible. Issues which have contributed to a rise in tensions between the United States and Russia are likely to be discussed,...

Vice-President Kamala Harris got jeered in Guatemala, and deservedly so, after telling the Guatemalan people, “Do not come. The United States will continue to enforce our laws and secure our border.”  At the same time, the Biden administration is promising $4 billion in foreign aid to the Guatemalan government. Apparently the idea is that by bribing Guatemalan officials with lots of U.S. taxpayer money, the Guatemalan government will crack down and prevent...