SNB & CHF

USD/CHF is rising within a range-bound market.  It has almost reached its target close to the top of the range high.  USD/CHF extends its gains as it unfolds an up leg within a range-bound market.  The move is underway and likely to reach the 0.8517 resistance level formed by multiple recent highs. A really bullish move could even see the pair reach the 0.8539 ceiling of the range. USD/CHF 4-hour Chart  USD/CHF is in a sideways trend. Given...

Known as a “symbol of human wisdom,” Albert Einstein is undoubtedly one of the greatest physicists of the 20th century, he gained fame not only for his scientific achievements but also for his call for peace, freedom, and justice. Humility, kindness, and compassionate humanity all added much to his personal charm. However, no one is perfect, and Einstein was no exception.Einstein often expressed his views on economic, political, human peace, and other social issues,...

Overview:  The US dollar is mostly little changed today. Comments from the new Japanese government and BOJ Governor Ueda reinforce the sense driven by the softness in the September Tokyo CPI and larger-than-expected decline in August industrial output that there is no urgency for another rate hike. The yen is the weakest of the G10 currencies today. The Norwegian krone leads the major currencies higher after underperforming yesterday. Outside of the yen and krone,...

Galaxus, which is owned by Swiss retail giant Migros, is opening a new logistics center in Neuenburg am Rhein. Keystone-SDA Listen to the article Listening the article...

I occasionally read a writer and podcaster known as a conspiracy researcher who writes on a variety of subjects. Donald Jeffries is all over the map politically (reformer, idealist, libertarian, classical liberal, populist, and cultural conservative), has published several books, and has written a Substack column since 2021. His name is not important because it is his ideas, which are shared by a growing number of people, that I want to address.EntitlementsI think...

On September 18, 2024, the headlines read the Fed cut the Fed Funds rate by 50 basis points. At first blush, one would think that a trader with a crystal ball a couple of days before the Fed action would buy bonds and lick their chops over the money they would soon make. In this case, the crystal ball was a curse. Bond yields rose following the rate cut despite what many investment professionals perceive to be a bullish event. If you scour the media, you will...

Last month, Donald Trump announced that he intends to set up a government efficiency commission if he wins a second term. The commission would be led by tech entrepreneur Elon Musk, who would audit the entire federal government to find and eliminate inefficiencies that needlessly cost taxpayers trillions of dollars.While Austrian economists tend to be wary of the entire concept of “efficiency” in a world without perfect, universal knowledge of the future and static,...

Last month, Donald Trump announced that he intends to set up a government efficiency commission if he wins a second term. The commission would be led by tech entrepreneur Elon Musk, who would audit the entire federal government to find and eliminate inefficiencies that needlessly cost taxpayers trillions of dollars.While Austrian economists tend to be wary of the entire concept of “efficiency” in a world without perfect, universal knowledge of the future and static,...

Iran launched over 200 ballistic missiles at Israel on Tuesday. The attack began at 7:30 p.m. Israel time, after the US had warned just hours before that a strike was imminent. The Israel Defence Forces reported several of the missiles were intercepted, and reports said one person was killed in the West Bank, per Bloomberg. Israeli Prime Minister Benjamin Netanyahu vows to retaliate against Iran for a missile attack on Tuesday, but Tehran warned...

Newly-minted Chairman of the Swiss National Bank (SNB) Martin Schlegel hit newswires on Tuesday, cautioning that further rate cuts haven't been ruled out. The incoming Chairman of the SNB officially took the reins of Switzerland's central bank on early Tuesday, and has inherited a central bank still caught in the wake of last year's lopsided management of the merger between 167-year-old Credit Suisse and UBS. Key highlights The services sector...