SNB & CHF

For over four decades, many of the planet’s biggest trouble makers and assholes have met each year in Davos, Switzerland, for the World Economic Forum with the humble mission of, “Improving the state of the world.” Each year since 1978, the Federal Reserve Bank of Kansas City has sponsored a symposium in Jackson Hole on an important issue facing the world’s bankers and their pet politicians and government bureaucrats....

Swiss Franc EUR/CHF - Euro Swiss Franc, January 11 (see more posts on EUR/CHF, ) - Click to enlarge The pound has seen a sharp fall following the interview that Theresa May gave with Sky news on Sunday although there has been a small rebound this afternoon. GBP CHF exchange rates are hovering around 1.2350 for this pair. The pound fell sharply in morning trade but has since recovered as there still remains a...

A futuristic Swiss Metro project put on hold in 2009 is now being revived. It will link conurbations and transport hubs underground with high-speed trains. (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 videos visit swissinfo.ch or subscribe to our YouTube channel: Website: http://www.swissinfo.ch...

It’s a decade since the iPhone was launched and at least four Swiss companies have reason to celebrate the success that changed the mobile phone landscape. (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 videos visit swissinfo.ch or subscribe to our YouTube channel: Website: http://www.swissinfo.ch...

Prince, RIP, owned gold bars worth just over $800,000 according to the statement filed in a Minnesota court last Friday. At the time of his death, Prince had taken delivery of and had in his possession 67 gold bars, 10 ounce gold bars, valued at $836,166.70. That’s according to an asset inventory compiled by Bremer Trust released by the Carver County District Court, as first reported by the Minneapolis Star Tribune....

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango.   Supply-Demand Fundamentals Improve Noticeably Last week was another short week, due to the New Year holiday. We look forward to getting back to our regularly scheduled market action. Photo via thedailycoin.org - Click to enlarge Gold and Silver Prices The prices of both metals moved up again this week. Something very...

While China has been banging the nationalist drums in its government-owned tabloids, warning daily of the adverse consequences to the US from either a trade war, or from Trump’s violating the “One China” policy, a more tangible concern for deteriorating relations between China and the US is that Trump could, and most likely will, brand China a currency manipulator shortly after taking over the the Oval Office. Even Bank...

The US 10-year yield fell briefly below 1.32% last July. The yield slowly rose to reach 1.80% in mid-October. The day after the election, the yield initially slipped to almost 1.71%. This was a bit of a miscue, and the yield rose sharply to hit almost 2.64% the day after the FOMC hiked rates for the second time in the cycle on December 14. The yield backed off to hit 2.33% at the end of last week. The difference between...

Unemployment Rate (not seasonally adjusted) According to the SECO surveys, 159,372 unemployed were registered at the Regional Employment Centers (RAV) at the end of December 2016, 10,144 more than in the previous month. The unemployment rate thus rose from 3.3% in November 2016 to 3.5% in the reporting month. Switzerland Unemployment Rate Not Seasonally Adjusted December 2016(see more posts on Switzerland...

Swiss Franc EUR/CHF - Euro Swiss Franc, January 10(see more posts on EUR/CHF, ) - Click to enlarge Sterling is on the ropes following Brexit comments made by UK Prime Minister Theresa May over the weekend. It’s been a tough day’s trading for any clients holding the Pound with losses against all of the  major currencies. GBP/CHF rates have dropped by a cent and a half with the pair now trading in the mid 1.23’s,...