SNB & CHF

Experts say about 192,000 people in Switzerland are at risk of gambling addiction. A small group has a compulsive gambling behaviour. An awareness campaign has been launched to help addicted online gamblers in Switzerland cope with their compulsive behaviour. An independent foundationexternal link said it published a special digital programme, Gambling without Addictionexternal link, with the authorities in most cantons of German-speaking Switzerland. It includes...

Most of the 2,700 jobs of GE Switzerland will be at two sites outside Zurich, notably in Baden and Birr. The American industrial conglomerate General Electric has announced a reduction in the number of planned layoffs at its subsidiaries in Switzerland. The company said a maximum of 200 people would lose their jobs at two of its sites west of Zurich. In June it had announced a figure of some 450. GE Switzerland said it was willing to help its staff find new jobs, the...

I joined Tom Keene and Marty Schenker (chief content officer) on the set of Bloomberg TV this morning. Schenker discussed some of the geopolitical issues in the Middle East, and Keene asked about the impact on the dollar. I expressed my concern that the chief threat to the dollar’s role in the world economy is the several administrations have increasing weaponized access to the dollar and the dollar funding market. It used to be a public good, a utility if you will....

It’s not surprising that the Census Bureau would report another weird sideways trend in wholesale sales. After all, the agency has already produced that kind of pattern in the related data for durable goods. For reasons that aren’t going to be explained, economic activity across the supply chain from producers to consumers has been curtailed. That hasn’t mean outright shrinking in seasonally adjusted forms, but it also doesn’t mean growth, either. I’m guessing there...

The Swiss financial sector has been leaking banks in recent years. A new private banking venture has joined the growing list of companies applying for licenses from the Swiss financial regulator. Tallyon aims to become a “next generation” private bank, riding the way of “radical change” in the industry. “Banking is to be redefined, and the use of technology should ensure that employees and customers receive a higher esteem than many banks do today,” says chairman...

Oct.28 -- Marc Chandler, chief market strategist at Bannockburn, discusses his expectation for three more interest rate cuts by the Federal Reserve and the state of the U.S. dollar. He speaks on "Bloomberg Surveillance."

Oct.28 -- Marc Chandler, chief market strategist at Bannockburn, discusses his expectation for three more interest rate cuts by the Federal Reserve and the state of the U.S. dollar. He speaks on "Bloomberg Surveillance."

Keith gave a keynote address—the only speaker with an hour to cover his topic—at the Gold and Alternative Investments Conference in Sydney on Saturday. Said topic was the nature of money. “Money is a matter of functions four: a medium, a measure, a standard, a store.” Most of the talk was structured around discussing these functions. Medium is pretty obvious: the dollar is the universal medium of exchange. It is basically frictionless, trading at zero spread (with...

Swiss Franc The Euro has risen by 0.24% to 1.104 EUR/CHF and USD/CHF, October 28(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The pre-weekend rally in US shares, with the S&P 500 flirting with record highs and the back-up in US yields, set the tone for Asia Pacific trading earlier today. Nearly all the equity markets advanced, and bond yields rose.  Europe’s Dow Jones Stoxx 600 took a five-day advancing...

EUR/CHF is looking north, having bounced up from key MA support.  The 4-hour chart indicators are also reporting bullish conditions. EUR/CHF is better bid at 1.1030 press time and could challenge the Oct. 17 high of 1.1059 in the next 24 hours. The 4-hour chart shows, the currency pair has bounced up from the 50-period moving average (MA). That ascending (bullish) technical line has emerged as strong support in the last eight days. The strong bounce from the key MA...