SNB & CHF

Swiss Franc EUR/CHF - Euro Swiss Franc, November 18(see more posts on EUR/CHF, ). - Click to enlarge FX Rates Since the US election, the dollar has been on a tear. Pullbacks have been brief and shallow. There are powerful trends in place. The euro has fallen nearly five percent over the past ten sessions, during which it is not closed higher once. The dollar rose four days this week against the yen and four days...

Tetra Pak crumpled - Click to enlarge According to Reuters, following an investigation, China’s State Administration for Industry and Commerce (SAIC) said, it found out that Tetra Pak violated some provisions in China’s anti-trust law and will impose a fine of 668 million yuan ($97 million) on Tetra Pak for “abuse of dominant market position”. The Shanghai Daily said, SAIC found that Tetra Pak had broken anti-monopoly...

© Marcovarro | Dreamstime.com - Click to enlarge Swisscom’s fixed line (remember those) customers will be given the option of blocking unwanted calls from 28 November. The service will be free and can be activated by checking a box online or by calling the Swisscom hotline (0800 800 800). Sunrise and UPC are expected to follow Swisscom by mid 2017, according to 24 Heures. The new system automatically filters out...

By Chris at www.CapitalistExploits.at Last week I jumped on a call with an old friend Thomas Hugger who I hadn’t spoken with in months. I recorded the call for your enjoyment but first a quick bit of background to Thomas. Thomas is a Swiss fund manager living and working in Asian frontier markets such as Vietnam, Bangladesh, and Cambodia, which is a bit like taking a Rolls Royce through the Gobi desert if you think...

[See also The Numbers Show Trump Win NOT Due to Racism and Sexism] You can only understand the victory of Donald Trump and Brexit once you understand the failure of globalization … Trump Trump made rejection of globalization a centerpiece of his campaign. In his July 21st acceptance speech as the Republican nominee, he said: Americanism, not globalism, will be our credo. The Boston Globe bannered this headline on...

Perceptions may well change when the global illusions of solvency and “growth” collapse in a heap. The list of pundits jostling for air time to add their two cents to discussions of hot-button issues such as immigration is endless. The airwaves and social media are overflowing with people wanting to comment on hot-button social issues, but when it comes to the the one truly critical dynamic that will shape the...

The 6th world conference on active citizenship and participatory democracy is a timely event indeed. Just days after perhaps the most suprising election result in modern history, and after a US presidential campaign full of lies, accusations and stupidities, we are gathering in this beautiful spot of the Basque Country for four days of sharing, caring and developing of modern direct democracy. Last week’s ballot box earthquake in America has sent waves of disbelief across the globe. It is...

© Valeriya Potapova | Dreamstime.com - Click to enlarge The Swiss National Bank, which has the lowest interest rate among the world’s major central banks, may be done cutting. SNB President Thomas Jordan and his fellow policy makers will keep the deposit rate unchanged at minus 0.75 percent until at least the end of the first quarter of 2019, according to the median forecast in Bloomberg’s monthly survey of...

Submitted by Ronan Manly, BullionStar.com The European Central Bank (ECB), creator of the Euro, currently claims to hold 504.8 tonnes of gold reserves. These gold holdings are reflected on the ECB balance sheet and arose from transfers made to the ECB by Euro member national central banks, mainly in January 1999 at the birth of the Euro. As of the end of December 2015, these ECB gold reserves were valued on the ECB...

Swiss Franc EUR/CHF - Euro Swiss Franc, November 17(see more posts on EUR/CHF, ). - Click to enlarge UK Retail Sales figures are released this morning at 09.30 and could have an impact GBP/CHF exchange rates. The Pound has gained ground against the CHF over the past month but have levelled out over the past week, as the markets digest the unexpected election results in the US. The Pound has benefitted from...