SNB & CHF

Jay Powell has confirmed a surging Fed program (RRP) is partly the result of safe-asset demand. But he plays it off as a monetary technicality, mere arcana. Nope! Safe-asset scarcity is step one along a well-trod path towards a malfunctioning economy. Here's what happens next. ----SEE EPISODE #89---- Twitter: https://twitter.com/JeffSnider_AIP Twitter: https://twitter.com/EmilKalinowski Alhambra YouTube: https://bit.ly/2Xp3roy Emil YouTube: https://bit.ly/310yisL Art:...

Swiss Franc The Euro has risen by 0.10% to 1.085 EUR/CHF and USD/CHF, July 16(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The markets head into the weekend with little fanfare. Most large equity markets in the Asia Pacific region slipped earlier today. Hong Kong, which will be exempt from the need to secure mainland’s cybersecurity approval for foreign IPOs, and Australia were notable exceptions. European...

Das neue Kommunikationsnetzwerk soll den zugelassenen Teilnehmern des Finanzplatzes Schweiz ermöglichen, untereinander und mit den Finanzmarktinfrastrukturen sicher zu kommunizieren. (Bild: Shutterstock.com/Deepadesigns) Cyberresilienz ist für den Schweizer Finanzsektor angesichts der weltweit steigenden Bedrohungen durch Cyberrisiken ein zentrales Thema. Auch die Kommunikation zwischen den Teilnehmern des Finanzplatzes und den Finanzmarktinfrastrukturen ist davon...

Vaccination has pushed the percentage of residents in Geneva with antibodies against the SARS-CoV-2 virus up to 67%, according to a recent study by Geneva’s HUG hospital. © Kukotaekaterina | Dreamstime.com To some extent, Geneva has been at the forefront of Switzerland’s experience with Covid-19. Since the beginning of the pandemic, the canton has recorded Switzerland’s highest rate of infection, 54% above the Swiss average. Geneva has also been a leader on...

On 9 July 2021, the Swiss price comparison website Comparis revealed that it had been the victim of a ransomeware cyber attack on Wednesday, 7 July 2021. © Chernetskaya | Dreamstime.com According to Comparis, the attack occurred in the morning. Comparis took down several of its sites as a security measure. The attackers demanded money in exchange for decrypting data. Comparis said that based on the information available most of their databases containing customer...

Great swaths of the American workforce are already on strike or slipping away from the dead-end treadmill. America’s labor shortage is complex and doesn’t lend itself to the simplistic expectations favored by media talking heads. The Wall Street cheerleaders extol the virtues of “getting America back to work” which is Wall-Street-speak for getting back to exploiting workers to maximize corporate profits. Long-term demographics have combined with cultural changes and...

Swiss Franc The Euro has risen by 0.08% to 1.0837 EUR/CHF and USD/CHF, July 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Strong inflation prints this week have not prevented the long-term US interest rates from tumbling. The 10-year yield is about 10 bp lower than where it closed on Tuesday after the lackluster 30-year auction. The 30-year yield itself is 11 bp lower. Fed Chair Powell did not break new...

Canton Bern expects water levels on Lake Thun, Lake Biel and in the city of Bern to significantly exceed flood limits in the coming days. On Lake Biel it’s possible the situation will be similar to the flood of the century in 2005. The River Simme in Wimmis, canton Bern, on Tuesday Keystone / Peter Schneider Bern’s state chancellery said on Wednesday it expected the flood level on Lake Biel to be exceeded by 25-65 centimetres. Lake Thun is expected to swell to 25-40...

And just like that, snap of the fingers, it’s gone. Without a “bad” Treasury auction, there was no stopping the bond market today from retracing all of yesterday’s (modest) selloff and then some. This despite the huge CPI estimates released before the prior session’s trading, and now PPI figures that are equally if not more obscene. The BLS reports today that its main producer price index (PPI), the one for finished goods, was up 9.19% year-over-year in June 2021....

Marc Chandler from Bannockburn Global Forex joins me today for one of my favourite conversations yet!. Marc has wide knowledge of global events and it was a lot of fun to pick his brain. Please send any comments for future guests and questions to: [email protected] Remember to please Like, Share and Subscribe! Follow me on: Twitter: @catherinebiztv https://twitter.com/CatherineBizTV Instagram: @catelizabethmurray https://www.instagram.com/catelizabethmurray/?hl=en For more...