SNB & CHF

A Swiss woman whose parents went missing 75 years ago is relieved that their bodies have finally been found after years of searching for them. (SRF/swissinfo.ch) The missing couple were Marcelin Dumoulin, a shoemaker, and his wife Francine, a teacher. The parents of seven children also kept cattle. They disappeared on August 15, 1942 in the Glacier 3000 region, at a height of 2,600m (8,530ft), after going to tend to their cows. Their daughter, Marceline Udry-Dumoulin, says she had never...

​ Swiss Franc The Euro has fallen by 0.47% to 1.1306 CHF. EUR/CHF and USD/CHF, August 17(see more posts on EUR/CHF, USD/CHF, ). FX Rates The US dollar had steadied after softening in the North American afternoon yesterday when the dissolution of President Trump’s business councils as a series of executives stepped down. The FOMC minutes added more fuel to the move. The market responded to the minutes by selling the...

Summary: Yen and Swiss franc are funding currencies. This goes a long way to explaining why they rally on heightened anxiety. The Swiss have lower rates than Japan and the franc is less volatile than the yen, but technicals argue for caution. Retail investors and some institutional investors focus on the asset they want to acquire in anticipation of price appreciation. The game for some institutional investors...

Etihad is no longer willing to bail out Air Berlin’s failing business model (Keystone) Airline passengers in Switzerland are bracing themselves for a hike in prices for flights to Germany following the insolvency of budget carrier Air Berlin. The airline had been running at a loss for several years, prompting owner Etihad to pull the plug on Tuesday. Air Berlin is particularly strong at Zurich airport, operating 11...

 The oil effect continued to recede in late spring for more than just WTI prices or inflation rates. US trade on both sides, inbound and outbound, while still positive has stalled since the winter. US Exports, Jun 1989-2017 - Click to enlarge Exports grew by just 6.2% year-over-year (NSA) in June 2017, about the same pace as estimated in December 2016. After contracting for nearly two years, twenty-two months...

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. Bitcoin and Credit Transactions Last week, we said: It is commonly accepted to say the dollar is “printed”, but we can see from this line of thinking it is really borrowed. There is a real borrower on the other side of the transaction, and that borrower has powerful motivations to keep paying to service the debt. Bitcoin...

Swiss Franc The Euro has fallen by 0.11% to 1.1398 CHF. EUR/CHF and USD/CHF, August 16(see more posts on EUR/CHF, USD/CHF, ). FX Rates The Japanese yen and Swiss franc remain heavy as the markets continueto shift away from the geopolitical risks. A return to the macroeconomic agenda is being deterred by new drama from Washington and reports suggesting that ECB’s Draghi will not be discussing the central bank’s...

Swiss Franc The Euro has fallen by 0.11% to 1.1398 CHF. EUR/CHF and USD/CHF, August 16(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The Japanese yen and Swiss franc remain heavy as the markets continueto shift away from the geopolitical risks. A return to the macroeconomic agenda is being deterred by new drama from Washington and reports suggesting that ECB’s Draghi...

A Jumbolino taking off from Lugano (Keystone) - Click to enlarge Swiss International Air Lines has for the last time flown passengers in an Avro RJ100, fondly called a Jumbolino by many pilots, flight attendants and passengers. The full plane, which flew from London to Zurich on Monday night, carried 81 passengers. Swiss, which rose from the ashes of Swissair in 2002, took on a total of 21 Avro...

Bitcoin Fork, Hyped ICOs – Immutable Gold and Silver Latest developments show risks in crypto currencies Confusion as bitcoin may split tomorrow SEC stepped into express concern over ICOs ICOs have so far raised $1.2 billion in 2017 ICOs preying on lack of understanding from investors Physical gold not vulnerable to technological risk Beauty and safety in simplicity of gold and silver Forks and ICOs solves bitcoin v...