SNB & CHF

Unemployment Rate (not seasonally adjusted) Registered unemployment in November 2017 – According to the State Secretariat for Economic Affairs (SECO) surveys, at the end of November 2017 there were 137’317 unemployed registered at the Regional Employment Centers (RAV), 2’517 more than in the previous month. The unemployment rate rose from 3.0% in October 2017 to 3.1% in the month under review. Compared with the...

Swiss Franc The Euro has risen by 0.17% to 1.1693 CHF. EUR/CHF and USD/CHF, December 07(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Global equities are stabilizing today after the recent downside pressure. The MSCI Asia Pacific Index snapped an eight-day slump with a 0.4% gain, led by a rebound in Tokyo and India. European markets are firm, with the Dow Jones Stoxx...

“Uber-bull predictions of gold at over $5,000 per ounce are not beyond the realms of possibility…” So says GoldCore founder and self-confessed gold bug, Mark O’Byrne. Indeed, I recently caught up with Mark to get his thoughts on gold and what’s going on with it right now… But before we got to the nitty-gritty, I started by asking him a little about his background: - Click to enlarge GLENN: How long have you been in...

We’ve had a pretty good run of data recently and with the tax bill passing the Senate one would expect to see markets react positively, to reflect renewed optimism about economic growth. We have improving economic data on pretty much a global basis. It isn’t a boom by any stretch of the imagination but there is no doubt that the rate of change has recently been more positive. We also have a change in tax policy that...

Neuchâtel, 04.12.2017 (FSO) – Gross domestic product (GDP) growth slowed between 2014 and 2015 in most cantons. Nevertheless, the cantons of Neuchâtel (+ 4.4%), Schaffhausen (+ 2.9%), Schwyz (+ 2.9%) and Zug (+ 2.8%) recorded a clearly positive development. The canton of Zurich once again made the biggest contribution to the nationwide growth. These results are based on the first estimates of the Federal Statistical...

Summary: Euro is lower for the third day, the longest downdraft in a month and a half. It violated the November uptrend. It is testing the $1.1800 area, which houses a few technical levels (retracement, moving average and congestion). The euro is losing ground for a third consecutive session.  It is the longest losing streak since the middle of October.   The Great Graphic here, created on Bloomberg, depicts...

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The consumer price index (CPI) fell by 0.1% in November 2017 compared with the previous month, reaching 100.9 points (December 2015=100). Inflation was 0.8% compared with the same month of the previous year. Switzerland Consumer Price Index (CPI) YoY, Nov 2017(see more posts on Switzerland Consumer Price Index, ) Source: Investing.com - Click to enlarge Swiss Consumer Price Index in November 2017 German Text...

Neuchâtel, 05.12.2017 (FSO) – The hotel sector registered 21.3 million overnight stays in Switzerland during the summer tourist season (from May to October 2017). This represents an increase of 5.9% (+1.2 million overnight stays) compared with the same period a year earlier. With a total of 12.1 million overnight stays, foreign demand rose by 7.3% (+823,000). Domestic visitors registered a 4.0% increase (+356,000) with...

Swiss Franc The Euro has fallen by -0.03% to 1.167 CHF. EUR/CHF and USD/CHF, December 06(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The swoon in equities, perhaps sparked by a rotation spurred by potential US tax changes, is continuing today. It is providing a risk-off mood, which is expressed in the foreign exchange market as a stronger yen. The most compelling...