SNB & CHF

There is a fundamental assumption behind any purchasing manager index, or PMI. These are often but not always normalized to the number 50. That’s done simply for comparison purposes and the ease of understanding in the general public. That level at least in the literature and in theory is supposed to easily and clearly define the difference between growth and contraction. But is every 50 the same? That’s ultimately at...

The advent of open and transparent central banks is a relatively new one. For most of their history, these quasi-government institutions operated in secret and they liked it that way. As late as October 1993, for example, Alan Greenspan was testifying before Congress intentionally trying to cloud the issue as to whether verbatim transcripts of FOMC meetings actually existed. Representative Toby Roth (R-WI) quizzed the...

Money & Work Unchainedm started when Charles asked himself: When we dream of the future of our society, are we hoping for the right things? The current conventional-wisdom. Money & Work Unchainedm started when Charles asked himself: When we dream of the future of our society, are we hoping for the right things? The current conventional-wisdom view of our soon-to-be. Are technological advancements threatening to make human labour redundant across broad swathes of the economy? If so how...

Please click above to subscribe to my channel Thanks for ing! Financial News Silver News Gold Bix Weir RoadToRoota Road To Roota Kyle Bass Realist News Greg Mannarino Rob Kirby Reluctant. What happens to the price of gold with record gold supply outflows if there is any downturn. The cost of production of silver and gold has increased while production has decreased. Premiums. Please click above to subscribe to my channel Thanks for ing! Financial News Silver News Gold Bix Weir RoadToRoota...

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The flash composite Purchasing Managers’ index for the euro area increased to 58.6 in January from 58.1 in December, above consensus expectations (57.9).  The services sector index rose, offsetting the decline in the manufacturing index . Companies also expressed growing optimism about this year’s outlook, with business expectations up to an eight-month high. The only piece of less positive news was a modest drop in...

Swiss Franc The Euro has fallen by 0.62% to 1.1703 CHF. EUR/CHF and USD/CHF, January 24(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge GBP/CHF in Detail Sterling has made consistent gains against the Swiss Franc over the last week and now sits at a yearly high of 1.34. These gains can be attributed predominantly due to an extremely optimistic UK growth forecast from Lord Jim...

The Australian dollar bottomed in early December $0.7500 after having tested $0.8100 a couple of times in September. Since early December, however, the Australian dollar appreciated by nearly 6.5%.  As it tested the $0.8000 area, the momentum faded. Yesterday it managed to close above that threshold and new buying lifted it above yesterday’s highs briefly in Asia earlier today. However, there is a growing sense that...

Switzerland climbed the rankings, but overall globalisation is down, the report says. (Keystone) - Click to enlarge Switzerland is the second-most globalised country in the world after the Netherlands, according to the latest edition of an index prepared by the University of Zurich. The Alpine nation has moved up from fifth place. The index prepared by the KOF Swiss Economic Instituteexternal link tracks...

The NZZ am Sonntag reported that many of the newly disclosed assets are being held in accounts in Liechtenstein. (Keystone) - Click to enlarge According to the results of a survey published Sunday in the NZZ am Sonntag newspaper, CHF31.7 billion ($32.9 billion) in undeclared assets have been reported to tax authorities in Switzerland over the last eight years. The cantons of Zurich (CHF6.9 billion), Ticino...