SNB & CHF

Physical gold located in Hong Kong and London is used to settle COMEX gold futures contracts through “Exchange For Physical” trading in the over-the-counter market. This post is a sequel to Understanding GOFO And The Gold Wholesale Market and COMEX Gold Futures Can Be Settled Directly With Eligible Inventory – in which Exchange For Physical (EFP) trading is explained and how it can increase or decrease open interest at...

Physical gold located in Hong Kong and London is used to settle COMEX gold futures contracts through “Exchange For Physical” trading in the over-the-counter market. This post is a sequel to Understanding GOFO And The Gold Wholesale Market and COMEX Gold Futures Can Be Settled Directly With Eligible Inventory – in which Exchange For Physical (EFP) trading is explained and how it can increase or decrease open interest at...

Richemont’s plan to slash 210 watchmaking jobs in Switzerland is sending shockwaves from Geneva to some of the country’s remote mountain villages, the cradle of high-end watch manufacturing. In Le Sentier, a town perched in the middle of the Jura mountain range, straddling the border between France and Switzerland, some 400 people protested Thursday against plans to cut the workforce of Vacheron Constantin and Piaget....

Marc Chandler - Click to enlarge Tired of reading what analysts are saying? Here is a 4.3 minute video clip of my discussion earlier today on Bloomberg TV about the outlook for tomorrow’s ECB meeting. The discussion covers various aspects of the ECB’s decision. There does seem to be a broad consensus, which is always a good news/bad news story. Last December, you may recall there also was a consensus, and although...

Marc Chandler - Click to enlarge Tired of reading what analysts are saying? Here is a 4.3 minute video clip of my discussion earlier today on Bloomberg TV about the outlook for tomorrow’s ECB meeting. The discussion covers various aspects of the ECB’s decision. There does seem to be a broad consensus, which is always a good news/bad news story. Last December, you may recall there also was a consensus, and although...

If you want to understand today’s populism, don’t look to the mainstream media’s comically buffoonish propaganda blaming the Russians: look at the four issues listed below. One of the most disturbing failures of the mainstream media in this election cycle was its complete lack of historical context for Trump’s brand of populism.If you consumed the mainstream media’s coverage of the campaign and election, you noted their...

Summary: ECB will likely extend asset purchases in full. It may modify the rules by which it buys securities. It may adjust the rules of engagement for its securities lending program. The ECB meets tomorrow. The meeting is live in the sense that the central bank is widely expected to take fresh actions, ostensibly backed by new staff forecasts. There are three broad areas that the ECB is expected to address....

What happens when a group of cocoa farmers from Peru launch their own chocolate label but have never made chocolate before? They fly to Switzerland. (SRF, swissinfo.ch) Choba Choba, meaning “I help you, you help me” in the Andean language Quechua, is a Swiss co-founded initiative aimed at empowering cocoa farmers in Peru by turning them into entrepreneurs. The company, based in Bern, was co-founded in October 2015 by the Swiss, Christoph Inauen, and Eric Garnier from France, along with 36...

Swiss Franc EUR/CHF - Euro Swiss Franc, December 07(see more posts on EUR/CHF, ) Source: Investing.com - Click to enlarge The pound has seen a very marked turnaround against the Swiss Franc with almost 8 cents gained in the last few weeks. GBP/CHF appears to have 1.30 in its sights and at this pace it should be there in record time. This week sees a number of political events which are playing out into the...

Vor dem Hintergrund eines angeblich „schwachen Wirtschaftswachstums“ rechtfertigte SNB-Chef Thomas Jordan neulich in einem Interview in der Tagespresse die SNB-Negativzinsen und bezeichnete diese als „expansiv“. Nur: Sind Negativzinsen wirklich „expansiv“? Sind diese nicht viel eher „restriktiv“ und bremsen unsere Wirtschaft – bewirken also genau das Gegenteil von dem, was die SNB behauptet? Einmal mehr plaudert unsere...