SNB & CHF

Swiss Franc The Euro has risen by 0.04% to 1.1766 CHF. EUR/CHF and USD/CHF, January 17(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates After a shallow bounce in Asia and Europe yesterday, the dollar slipped lower in North American yesterday. Asia was happy to extend those dollar losses, and the greenback was pushed to marginal new lower in Asia, but has come back in the...

The combination of a falling dollar and rising US interest rates has sparked a concern never far from the surface about the foreign demand for US Treasuries. Moreover, as the Fed’s balance sheet shrinks, investors will have to step up their purchases. This Great Graphic was created by the Institute of International Finance (IIF). It is drawn from the US TIC data that tracks foreign holdings of US Treasuries. The most...

The Mother of All Blow-Offs We didn’t really plan on writing about investor sentiment again so soon, but last week a few articles in the financial press caught our eye and after reviewing the data, we thought it would be a good idea to post a brief update. When positioning and sentiment reach levels that were never seen before after the market has gone through a blow-off move for more than a year, it may well be that...

Consumer confidence has been sky-high for some time now, with the major indices tracking various definitions of it at or just near highs not seen since the dot-com era. Economists place a lot of emphasis on confidence in all its forms, including that of consumers, and there is good reason for them to do so; or there was in the past. Spending and consumer sentiment used to track each other very closely and in terms of...

For the fourth quarter as a whole, Chinese exports rose by just less than 10% year-over-year. That’s the highest quarterly rate in more than three years, up from 6.3% and 6.0% in Q2 2017 and Q3, respectively. That acceleration is, predictably, being celebrated as a meaningful leap in global economic fortunes. Instead, it highlights China’s grand predicament, one that country just cannot seem to escape. China Exports,...

Swiss Franc The Euro has risen by 0.19% to 1.1783 CHF. EUR/CHF and USD/CHF, January 16(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates After extending its recent slide yesterday, which the US markets were on holiday, the dollar is firmer against all the major currencies and most of the emerging market currencies.  There does not seem to be macroeconomic developments...

USD/CHF The USDCHF pair succeeded to break 0.9656 level and hold with a daily close below it, which confirms opening the way to extend the bearish wave towards our yesterday’s mentioned next target at 0.9566, noticing that the price approaches retesting the broken level now. Therefore, we are waiting for more decline in the upcoming sessions, noting that breaching 0.9656 might push the price to achieve some intraday...

Silver Prices To Surge – JP Morgan Has Acquired A “Massive Quantity of Physical Silver”– JP Morgan continues to accumulate the biggest stockpile of physical silver in history– “JPM now holds more than 133m oz -more than was held by the Hunt Bros” – Butler– Silver hoard owned by JPM has increased from Zero ozs in 2011 to 120m ozs today – Money managers showing more optimism towards silver through record buying– “Near...

Much paperwork awaits in this social services centre in Zurich. (Keystone) Two leading Swiss organisations for social action and further education have called for big investment in training opportunities for the unemployed. At a press conference on Monday in Bern, the Swiss Conference of Social Institutions and the Swiss Federation for Further Education called on the state to invest in a schemeexternal link that they...

Switzerland is made up of 26 cantons – technically six are half cantons1 – each with its own distinct taxes, education system, hospitals and government. © Anna Hristova | Dreamstime.com Land area varies significantly, from 37 sq/km Basel-Stadt to 7,105 sq/km Graubünden. Population is also highly varied, from tiny Appenzell Innerrhoden (16k) up to Zurich with nearly 1.5 million. Unsurprisingly, the range of economic...