SNB & CHF

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. Precious Metals Supply and Demand Report The price of gold dropped $24, and that of silver 60 cents this week. This is a far cry from Sep 8, when the price of silver hit $18.21. Since then, it’s been almost all downhill. What happened? Since the beginning of last month, the price of silver had been rising and at the basis...

Swiss Franc The Euro has risen by 0.34% to 1.1453 CHF. EUR/CHF and USD/CHF, September 28(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is consolidating inside yesterday’s ranges against the euro and yen while extending its gains against sterling and the dollar-bloc currencies.  The sell-off in the US debt market continues to drag global yields higher.  The...

© Nik Frey | Dreamstime The UBS Global Real Estate Bubble Index 2017 describes housing in Zurich and Geneva as only moderately overvalued. The two Swiss cities rank 6th (Geneva) and 9th (Zurich) in a list of 20 selected global cities. The top eight: Toronto, Stockholm, Munich, Vancouver, Sydney, London, Hong Kong and Amsterdam are all classified as bubble risk. Only Chicago is undervalued. Since 2012 apartment price are...

A rags-to-riches career straight out of a film script: as a young man, the protagonist emigrates to Mexico. Once there, he becomes the first ever manufacturer of white chocolate and goes on to become an entrepreneur worth millions. The life of Gianfranco Arnoldi. (SRF/swissinfo.ch) Arnoldi has always been in the confectionary business. He learnt his craft at the Vanini pastry shop in Lugano and, by the age of 19, was already a chief chocolatier. Later, Arnoldi produced chocolate at the...

New Yorkers who wince every time they slip a $1,500 rent check under their super’s door should consider moving to Shanghai, or maybe Berlin. According to a new study published on RentCafe, $1,500 will buy you three times more space in Shanghai than in Los Angeles and twice as much in Frankfurt. Meanwhile, rents per square foot are five times higher in San Francisco than they are in Berlin. Rentcafe used data from the...

– Listen to Jesse Livermore and ignore the noise of short term market movements, central bank waffle and daily headlines  – Stock and bond markets are overvalued but continue to climb… for now– What goes up must come down and investors should diversify and rebalance portfolios despite market noise– Behavioural biases currently drive markets, prompting legendary investors to be confused and opt out– Lesson is to prepare...

Honorary consuls are local personalities who represent foreign states in Switzerland, and they are not paid for their work. What motivates them? (RTS/swissinfo.ch) There are about 130 honorary consuls them in Switzerland. They are not professional diplomats, but people who work on a voluntary basis until their appointments are revoked. For instance, François de Coulon, who owns the château of Eclépens in the canton of Vaud and a large wine estate, is also an honorary consul for Slovakia. ...

The framing is a bit clumsy, but the latest data in favor of the artificial CNY surge comes to us from Bloomberg. The mainstream views currency flows as, well, flows of currency. That’s what makes their description so maladroit, and it can often lead to serious confusion. A little translation into the wholesale eurodollar reality, however, clears it up nicely. Demand for foreign exchange outstripped that for yuan for...

The Swiss Federal Railways cleaning specialists have to remove cigarette butts from the railway tracks laboriously by hand. At Zurich’s main station alone they fill a 110 litre rubbish bag every day. Enough to make smoke come out of the employees’ ears. (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...

USD/CHF EUR/CHF EUR/CHF and USD/CHF, September 23(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge EUR/USD [embedded content] USD/JPY [embedded content] GBP/USD [embedded content] NZD/USD [embedded content] Related posts: FX Weekly Review, August 28 – September 02: The end of big euro rise? FX Weekly Review, June 26 – July 01:...