SNB & CHF

Please note this is not sponsored content. Thank you Keith for speaking with me so extensively. Your insights are profound! Make sure to check the YouTube transcript for some great quotes. https://www.change.org/p/nevada-should-sell-gold-bonds https://monetary-metals.com/who-would-invest-in-a-gold-bond/ https://monetary-metals.com/nevada-gold-bond-petition/ Vote "If Nevada Democrats perceive this as a Republican bill, they will vote it down. Since they are in the majority, they will...

Swiss Franc The Euro has risen by 0.20% at 1.1305. EUR/CHF and USD/CHF, September 05(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The dollar is posting gains against most of the emerging market and major currencies. The MSCI Emerging Markets Index is off 1.6% and extending the drop to a sixth consecutive session. Indonesia’s bourse saw the largest decline (~3.75%) in the...

Currencies don’t melt down randomly. This is only the first stage of a complete re-ordering of the global financial system. Take a look at the Shanghai Stock Market (China) and tell me what you see: Shanghai Stock Exchange Composite Index - Click to enlarge A complete meltdown, right? More specifically, a four-month battle to cling to the key technical support of the 200-week moving average (the red line). Once...

- Click to enlarge I had the privilege of being on the Bloomberg set with Tom Keene and Francine Lacqua earlier today. Lakshman Achuthan, co-founder of ECRI also joined us for the discussion. This 6.5 min video clip captures the essence of the discussion. The US dollar was rallying against all the major and most EM currencies. The second consecutive quarterly economic contraction in South Africa pushed the rand...

Neuchâtel, 4 September 2018 (FSO) – The consumer price index (CPI) remained stable in August 2018 compared with the previous month, remaining at 101.8 points (December 2015 = 100). Inflation was 1.2% compared with the same month of the previous year. These are the results from the Federal Statistical Office (FSO). The stability of the index compared with the previous month is the result of opposing trends that...

Sep.04 -- Marc Chandler, global head of currency strategy at Brown Brothers Harriman, and Lakshman Achuthan, co-founder of Ecri, discuss the outlook for emerging markets amid the Federal Reserve's tightening cycle. They talk with Tom Keene and Francine Lacqua on "Bloomberg Surveillance."

Sep.04 -- Marc Chandler, global head of currency strategy at Brown Brothers Harriman, and Lakshman Achuthan, co-founder of Ecri, discuss the outlook for emerging markets amid the Federal Reserve's tightening cycle. They talk with Tom Keene and Francine Lacqua on "Bloomberg Surveillance."

The president of pharmaceutical giant Novartis has announced job cuts in an interview with Swiss newspaper NZZ am Sonntag. Jörg Reinhardt said the Basel-based company wants to streamline its production sites and administration worldwide. - Click to enlarge The president of pharmaceutical giant Novartis has announced job cuts in an interview with Swiss newspaper NZZ am Sonntag. Jörg Reinhardt said the Basel-based...

Swiss Franc The Euro has fallen by 0.01% at 1.1263. EUR/CHF and USD/CHF, September 04(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is rising against all the major and emerging market currencies today. The signals from the White House suggest strong pressure will be exerted on Canada to sign on to NAFTA 2.0 or risk losing part of its auto sector, which of...

Stock Markets EM FX ended last week on a firm note, but weakness resumed Monday. Higher than expected Turkish inflation hurt the lira, which in turn dragged down BRL, ARS, ZAR, and RUB. We expect EM to remain under pressure this week when the US returns from holiday Tuesday.  Stock Markets Emerging Markets, August 29 - Click to enlarge Korea Korea reports August CPI Tuesday, which is expected to rise 1.4% y/y...