SNB & CHF

Swiss Franc The Euro is down by 0.53% to 1.1628 CHF. This is the fifth day in sequence that the Swiss Franc appreciated. Italy political drama is has spurred a significant rally in the Swiss franc. Over the past five days, it has been the strongest of the majors, rising 1.1% against the dollar and 1.8% against the euro. Today, it is the only major currency beside the yen that is gaining ground. Italian assets were...

Tailbacks to enter the Gotthard tunnel going south on Saturday reached a record since 1999, and drivers are being advised to use alternative routes. (Keystone) - Click to enlarge Traffic queues of up to 28 kilometres were reported at the northern entrance to the Gotthard tunnel on Saturday, owing to a long weekend and the closure of another major Alpine road tunnel because of a fire. The San Bernadino...

Summary: The euro fell every day last week against the Swiss franc. Italian political anxiety is the key development. Speculators in the futures market got caught leaning the wrong way. The Swiss National Bank’s decision in January 2015 to remove the cap on the Swiss franc (floor on the euro) that it has set at CHF1.20 is seared into the memory of a generation of foreign exchange participants. It is not...

The acceleration of non-linear consequences will surprise the brainwashed, loving-their-servitude mainstream media. Linear correlations are intuitive: if GDP declines 2% in the next recession, and employment declines 2%, we get it: the scale and size of the decline aligns. In a linear correlation, we’d expect sales to drop by about 2%, businesses closing their doors to increase by about 2%, profits to notch down by...

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. Gold Lending and Arbitrage There was no rise in the purchasing power of gold this week. The price of gold fell $22, and that of silver $0.19. One question that comes up is why is the fundamental price so far above the market price? Starting in January, the fundamental price began to move up sharply, and the move...

Roman Signer is best known for his exploding landscape performance pieces. His art is playful, full of humour and of brutal (yet quiet) poetry. Now the trailblazing Swiss performance artist turns 80. (SRF, swissinfo.ch) --- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss perspective on international events. For more articles, interviews and videos visit swissinfo.ch or subscribe to our YouTube...

Charles Hugh Smith, Of Two Minds Blog joins "V" to discuss recent articles on his website, how blockchain and cryptocurrency could free the world of the current financial controllers and balance the powers of society. We are political scientists, editorial engineers, and radio show developers drawn together by a shared vision of bringing Alternative news through digital mediums that evangelize our civil liberties. Please subscribe for the latest shows daily! http://www.roguemoney.net...

More than two months after the general election, the Italian political impasse seems close to being broken, with the League and the Five Star Movement (M5S) likely to form a government. M5S and the League together have a majority in both the upper and lower houses. After several document leaks this week, a final common programme was published today. The document needs the approval of party members. The focus will shift...

Switzerland’s government is working hard to find ways to fix a looming state pension shortfall. © Sang Lei | Dreamstime.com - Click to enlarge Two politicians in the canton of Fribourg have decided to seek savings by attempting to cut lifetime government pensions granted after short stints in the job, according to the newspaper 20 Minutes. In some Swiss cantons, government leaders can work for several years and leave...

USD/CHF The USDCHF pair reaches the key support 0.9955 now, and as we mentioned in our last report, breaking this level will confirm completing the double top pattern that appears on the chart, to rally towards our negative targets that begin at 0.9900 and extend to 0.9850. Therefore, we will continue to suggest the bearish trend supported by the negative pressure formed by the EMA50, unless the price managed to rally...