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SNB & CHF

Great Graphic: Head and Shoulders in Dollar-Yen

The old head and shoulders pattern in the dollar against the yen is back in vogue.  We first pointed it out in the first week of January here. Recall the details.  The neckline is drawn around JPY116.30 and measuring objective is near JPY107.00.   That target also corresponds to a 38.2% retracement of the big Abe-inspired dollar rally (~JPY106.80).   This Great Graphic from Bloomberg shows the pattern.   We note the conflicting flows presently.  Portfolio managers continue to be large...

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Dutch Referendum: Devil is not in the Details

In what is possibly one of the under-appreciated political events of the year, the Netherlands holds a plebiscite today on an associational agreement with Ukraine that has already been approved by the Dutch parliament, the European Parliament and all other 27 EU members.   When stated so baldly, it is difficult to see what is at stake. Yet the consequences of a no vote, which seems likely,  will send reverberations throughout Dutch politics, the EU, and the geopolitical balance in...

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Greenback Finds A Little Traction

The US dollar is better bid today but remains largely in the ranges seen in recent days.  There a few developments to note, which together are lifting European equities after Asian equities softened.   First, the API oil inventory estimate showed an unexpected fall of 4.3 mln barrels.  An increase of half the magnitude was expected.  The DOE estimate, which is considered more reliable, will be one of the North American highlights today.  Second, and also supporting the oil complex today...

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BANK BAIL-INS – with Goldcore.com Mark O’Byrne

Bank Bail-Ins are coming and people need to prepare by owning bullion outside the banking system. They will be counterproductive and could lead to financial collapse. "Unfortunately, we don't learn the lessons of history to our own downfall!". For more information http://www.GoldCore.com

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Rotten to the Core

  Poison Money BALTIMORE – We live in a world of sin and sorrow, infected by a fraudulent democracy, Facebook, and a corrupt money system. Wheezing, weak, and weary from the exertion of trying to appear “normal,” the economy staggers on. Staggering on…. Image credit: David Sidmond Last week, we gained some insight into the ailment. Something in the diagnosis has puzzled us for years: How is it possible for the most advanced economy in the history of the world to make such a mess of its...

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Talk of Secret Shanghai Agreement is a Distraction

(I have been sick with pneumonia but am just about back.  I expect to resume my commentary tomorrow.  Here is my overdue monthly column for a Chinese paper.   Thanks to everyone for their support.)Conspiracy theories have run amok.  After several years of claiming countries were engaged in currency wars, or attempts to drive their currencies down to achieve export advantage, many reporters and analysts announced a volte-face.    At the late February G20 meeting in Shanghai, a secret...

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Rejected asylum seekers who go into hiding

Sometimes asylum seekers go underground, as they have no hope of getting official refugee status. They’re known as “sans papiers” (without papers). (SRF/swissinfo.ch) Asylum is only granted to those who face persecution or imprisonment in their country of origin for reasons of race, religion or nationality or because of their political views. Most asylum seekers arriving in Switzerland do not meet these criteria – they are economic refugees. In 2015, roughly half of all asylum seekers...

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Plane fans turn jumbo cockpit into a simulator

At Dübendorf airfield, aviation enthusiasts are converting an old jumbo jet cockpit into a flight simulator: an adventurous project with many obstacles.(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...

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Living in a church

Many churches are listed buildings, so pulling them down is not an option. A number of parishes now want to revive empty churches by converting them into homes. (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:...

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