SNB & CHF

Eurex expands its crypto derivatives portfolio with the launch of FTSE Ethereum Index Futures and Options as of 12 August 2024. Following the launch of FTSE Bitcoin Index Futures and Options in 2023, this is another major milestone in Eurex’s ambition to offer secure access to cryptocurrencies in a regulated market environment. Ethereum is the second largest cryptocurrency with a market capitalization of approximately USD 400 billion. There is significant trading and...

Jury duty assignment prevents a more comprehensive note, but here is a snapshot. Overview: The US dollar enjoys a firmer bias today, in mostly quiet turnover in narrow ranges. The Australian dollar is a noted exception, and the better than expected jobs growth may have lent it some resilience today. The greenback initially was sold to almost JPY155.35, a new low (since June 7) before recovering to nearly JPY156.60 in Europe. The UK's employment report saw the first...

The attempt to assassinate Donald Trump and his heroic response to it are uppermost in our minds. We don’t yet know the details of who was involved in the attempt on his life, though I suspect that the “lone gunman” theory will turn out to be false. But the sad event offers us a chance to reflect on something that we do know, and that may well be relevant to the attempt on the former—and we trust soon to be next—president’s life: The CIA has been involved in numerous...

After a tepid first quarter, Swiss foreign trade regained momentum in the second quarter of 2024. In seasonally adjusted terms, exports jumped by 6.6% and reached a record level. Imports increased by 2.2%. The trade balance closes with a historic quarterly surplus of 12.4 billion francs. In short Exports of raw materials and chemical bases doubled year-on-year Watch exports: stagnation at a high level Boom in the drug trade Flourishing trade with Slovenia, France...

Girchi is a libertarian party from the country of Georgia and by electoral success, could be considered to be one of the most successful libertarian parties in the world. Girchi is famous for its internet presence and popularity all over social media. In the chaotic digital realm of Facebook, Girchi’s private group has long stood as a beacon of civilised discourse, having 25k members and still growing.In this group, we take great satisfaction in our ability to have...

USD/CHF holds positive ground near 0.8840 in Thursday’s early European session.  Fed’s Waller said that central bank is nearing rate cuts if there are no major surprises in inflation, employment data. The rate cuts expectation by the SNB might drag the US Dollar lower.  The USD/CHF pair trades on a positive note around 0.8840, snapping the two-day losing streak on Thursday during the early European trading hours. The modest rebound of the US...

What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order....

Efficient management of corporate business accounts is crucial for maintaining financial health, ensuring regulatory compliance, and fostering growth. Streamlining these accounts can lead to significant improvements in accuracy, efficiency, and decision-making. Here’s a comprehensive guide on how to streamline your corporate business accounts.    1. Implement Robust Accounting Software Investing in robust accounting software is a foundational step toward...

With your support, the Mises Institute can send Mises University students home with a stack of Austrian classics such as “Human Action”; “Man, Economy, and State”; and “The Case for Gold” (see full list at the bottom of this email). After a week of destroying every preconceived, state-curriculum notion of how the world works, Mises U grads will have another month before returning to college in the fall. Our graduates can continue to dive into their...

Of all the areas that economics students need to master, counterfactual reasoning is near the top of the list. Counterfactual reasoning is outlining and comparing the differences and similarities between two alternatives. While everyone uses counterfactual reasoning, such as choosing what to have for lunch, economists look at deeper and more remote consequences. A typical example that students are asked to examine is the effects of price controls — what happens when...