SNB & CHF

Sygnum’s Swiss HQ is situated in the heart of Zurich’s banking district. Some of the doyens of the Swiss financial industry, including former Swiss National Bank president Philipp Hildebrand and ex-UBS CEO Peter Wuffli, have joined the cryptoasset revolution with new financial services operator Sygnum. The Swiss-Singapore enterprise announced itself suddenly on Thursday after operating in stealth mode for months. It is...

Our entire economy is characterized by cartel rentier skims, central-bank goosed asset bubbles and stagnating earned income for the bottom 90%. Despite the rah-rah about the “ownership society” and the best economy ever, the sobering reality is very few Americans are able to get ahead, i.e. build real financial security via meaningful, secure assets which can be passed on to their children. As I’ve often discussed here,...

The Swiss Federal Railways has opened a state-of-the-art washing tunnel in Brig, canton Valais, just for trains. The facility, the most modern in ... The Swiss Federal Railways has opened a state-of-the-art washing tunnel in Brig, canton Valais, just for trains. The facility, the most modern in the country, is 90 metres long, fully automatic and will allow the washing of about 3,600 trains per year. A third of the water used - 12.5 million litres per year - can be recycled. "Customers are...

The Pound has made good gains against the Swiss Franc over the course of November so far, hitting the highest level we have seen since August and smashing through the 1.30 level. Sterling strength: Rumours of Brexit deal agreement lead to Sterling boost The main reasons behind the rise in value of Sterling is due to positive vibes surrounding Brexit. It appears that a Brexit deal for the UK is edging closer, but anyone...

Loreley Rock near Sankt Goarshausen sits at a narrow curve on the Rhine River in Germany. The shape of the bluff produces a faint echo in the wind, supposedly the last whispers of a beautiful maiden who threw herself from it in despair once spurned by her paramour. She was transformed into a siren, legend says, a tantalizing wail which cries out and lures fishermen and tradesmen on the great river to their death. While...

Gold ETFs saw inflows in volatile October as investors again hedged risk Gold ETFs see demand of 16.5 tonnes(t) in October to total of 2,346t, the equivalent of US$1B in inflows Global gold demand was robust in Q3 – demand of 964.3 tonnes – plus 6.2t yoy Strong central bank and store of value coin and bar demand offset the gold ETF outflows in Q3 Central bank gold reserves grew 148.4t in Q3, up 22% yoy Gold coin and...

© Scyther5 | Dreamstime.com After a referendum in March 2018 threatened to axe Switzerland’s costly broadcasting fee, the government put forward a counter proposal, which was adopted when 71.6% of voters voted to keep the fee. On 1 January 2019, the lower fee contained in the government’s plan will come into force. Next year, instead of CHF 451, each household will need to cough up CHF 365. Virtually every household...

SUMMARY Japan’s services PMI surged by 2.2 points to 52.4 in October after a notable drop in September. The manufacturing PMI rose modestly to 52.9 in October from 52.4 in September. The strength in services PMI may suggest momentum in Japan’s domestic economy remains solid. Consumption recovery and expansion of corporate capex are driving growth. However, headwinds are building on the external fronts. Elevated trade...

Jordan has been chairman of the SNB since 2012. The Swiss franc, investment in arms, and the housing market were some of the issues the government discussed with the chairman of the Swiss National Bank. SNB chairman Thomas Jordan told the government that he sees the Swiss currency as highly valued and warned of the continuing risks of bubbles in the housing market. “Jordan emphasised that monetary policy with negative...

Swiss Franc The Euro has risen by 0.03% at 1.1455 EUR/CHF and USD/CHF, November 07(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The dollar has fallen against nearly every currency. It had been moving lower at the start of the week, but what seems like a correction broadened and deepened following the US midterm election. The outcome was largely in line with...