SNB & CHF

An estimated 2,200 individuals in Switzerland are in the ultra-high net worth group, with wealth of over $50 million (Keystone) The Swiss have pulled away from the pack when it comes to assets per adult, remaining on average the wealthiest citizens in the world. In concrete terms, by mid-2019 assets per adult in Switzerland stood at $564,650 (CHF555,000), an increase of $17,790 over the previous year, according to the tenth Credit Suisse Global Wealth Reportexternal...

China’s growing troubles go way back long before trade wars ever showed up. It was Euro$ #2 that set this course in motion, and then Euro$ #3 which proved the country’s helplessness. It proved it not just to anyone willing to honestly evaluate the situation, it also established the danger to one key faction of Chinese officials. The entire world slowed in 2012 following #2, but until the bottom of #3 it wasn’t really clear what that might mean. For a very long time,...

If you’re truly interested in finding solutions to humanity’s pressing problems, then start helping us pry open the Overton Window. The Overton Window describes the spectrum of concepts, policies and approaches that can be publicly discussed without being ridiculed or marginalized as “too radical,” “unworkable,” “crazy,” etc. The narrower the Overton Window, the greater the impoverishment of public dialog and the fewer the solutions available. Those holding power in...

We talk a lot about the falling interest rate, the too-low interest rate, the near-zero interest rate, the zero interest rate, and the negative interest rate. Hat Tip to Switzerland, where Credit Suisse is now going to pay depositors -0.85%. That is, if you lend your francs to this bank, they take some of them every year. Almost 1% of them. A bank deposit comes with a risk. But instead of compensating you for the risk, the bank pays you nothing. So it’s a return-free...

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Swiss Franc The Euro has risen by 0.20% to 1.0989 EUR/CHF and USD/CHF, October 21(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The UK’s departure from the EU remains up in the air as a new attempt to pass the necessary legislation through Parliament continues today. Many market participants seem to remain optimistic that Prime Minister Johnson’s plan will ultimately succeed. After slipping to $1.2875...

USD/CHF bounces off from a multi-week low. 38.2% Fibonacci retracement, late-September bottoms can question the recent upside. The USD/CHF pair’s latest recovery is less likely to prevail for long unless clearing near-term key resistance area. The quote seesaws around 0.9860 by the press time of the pre-European session on Monday. While 50% Fibonacci retracement of late-August to the early-October upside, at 0.9870, can act as an immediate upside barrier, 0.9900/10...

Demand has been highest for train trips to France, and the TGV Lyria high-speed train is planning to offer 30% more seats on its routes. (© Keystone / Gaetan Bally) Travellers in Switzerland are increasingly taking to the rails for trips abroad, with the Swiss Federal Railways reporting a 10% increase in demand for international journeys and 25% more demand for trips by night train. According to a report in the NZZ am Sonntag newspaper, demand for night train...