SNB & CHF

Headlines Week May 08, 2017 The centre-left politician Macron has won the French elections. He is a politician that – similar to Hollande four years ago – promises economic improvements, more investment, more jobs. As opposed to Hollande, he also advocates limitations on salaries and less social protection for workers, to restore France’s competitiveness. Mostly probably he will fail similar to his predecessor because...

Swiss Franc EUR/CHF - Euro Swiss Franc, May 10(see more posts on EUR/CHF, ) - Click to enlarge FX Rates Investors absorbed a few developments that might have been disruptive for the markets with little fanfare. North Korea’s ambassador to the UK warned that his country would go ahead with its sixth nuclear test, as South Korea elected a new president who wants to reduce tensions on the peninsula. The Dollar...

Second ninth-series note showcases Switzerland’s creativity The Swiss National Bank (SNB) will begin issuing the new 20-franc note on 17 May 2017. It is the second of six denominations in the new banknote series to be released. The current eighth-series banknotes will remain legal tender until further notice. The inspiration behind the new banknote series is ‘The many facets of Switzerland’. Each denomination depicts a...

© Steve Woods | Dreamstime.com 24 Heures. Last week, the regional newspaper 24 Heures, uncovered a fraudulent scheme allegedly involving two workers from the union Unia, which may have cost Vaud’s social security system as much as CHF 3 million. The alleged fraud is centred on the construction industry, where bosses of small businesses along with two staff from the union Unia managed to deceive the canton’s unemployment...

The Los Angeles Times today asked the question only the mainstream would ask. “Wages are growing and surveys show consumer confidence is high. So why are motor vehicle sales taking a hit?” Indeed, the results reported earlier by the auto sector were the kind of sobering figures that might make any optimist wonder. Across the board, and for the fourth straight month, there was almost all negatives, some still large....

  An Old Seasonal Truism Most people are probably aware of the saying “sell in May and go away”. This popular seasonal Wall Street truism implies that the market’s performance is far worse in the six summer months than in the six winter months. Numerous studies have been undertaken particularly with respect to US stock markets, which confirm the  relative weakness of the stock market in the summer months. What is the...

On board with Mark O'Byrne #152. GoPro Hero Hd

Rear facing on board footage with Mark O'Byrne at round five of the Master Superbike series. M.Donegan Racing and Mobil-I BMW S1000RR GoPro Hero HD @ Maximum!

Swiss Franc EUR/CHF - Euro Swiss Franc, May 09(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The election of Macron as French President has set off a bout of position adjustment that has seen the euro push back into the $1.0850-$1.0950 range that had confined activity for the two weeks between the first and second rounds of the French presidential election. The euro fell a cent yesterday after...