SNB & CHF

Jun.23 -- Bannockburn Global Forex Managing Director Marc Chandler explains why cryptocurrency is so volatile and whether it will become a new asset class. He also talks about China's crackdown of cryptocurrency and what it means for digital currencies. He speaks with Emily Chang on "Bloomberg Technology."

Daniel Want, the early-21st century Australian philosopher and Chief Investment Officer of Prerequisite Capital, discusses: absence of knowledge at educational institutions, transitory inflation, first principles, disconnected markets, justice as prerequisite and the unified magnitude of the crisis. Daniel Want, Chief Investment Officer and Director at Prerequisite Capital Management, with Jeff Snider, Head of Global Investment Research for Alhambra Investments, and Emil Kalinowski....

Swiss Franc The Euro has fallen by 0.01% to 1.0956 EUR/CHF and USD/CHF, June 23(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Federal Reserve officials, lead by Chair Powell, pushed gently against the more hawkish interpretations of last week’s FOMC meeting. Tapering not a rate hike was the focus of discussions. Powell reiterated that price pressures would prove transitory and would ease after the re-opening...

The use of debit cards continues to increase but cash remains the most popular payment method in Switzerland. Many respondents say they have adapted their payment behaviour as a result of the pandemic and plan to make increased use of card payments in the future. © Keystone/Gaetan Bally A survey by the Swiss National Bank (SNB) found that 97% of respondents keep cash in their wallets or at home to cover day-to-day expenses, while 92% own a debit card and 78% hold a...

[unable to retrieve full-text content]If it walks like a duck and quacks like a duck, then it must be inflationary overheating. Or not? As more time passes and the situation further evolves, the more these recent price deviations conform to the supply shock scenario rather than a truly robust economy showing no signs of slowing down.

While the coronavirus pandemic has put many projects on hold, for some people it also freed up the time to pick up new hobbies and make those New Year resolution come true. In this last episode of our series' second season, you'll discover what paper quilling is and looks like, how to look at the bright side of a cancelled wedding and why art can be important in coping with the daily blues. Our Silver Linings series is made of videos our readers and followers sent to us, to show what has...

Swiss Franc The Euro has risen by 0.10% to 1.0944 EUR/CHF and USD/CHF, June 22(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Firming long-term US yields have lent the dollar support after trading heavily yesterday. The greenback is around 0.15%-0.50% higher against the major currencies. The Japanese yen and Canadian dollar are among the more resilient, and the Australian dollar and sterling among the...

[unable to retrieve full-text content]The price of gold (and silver) was on a tear in April and May. Then some sideways action. And then this week, thud. On Twitter, a popular meme is that the banks smashed the price by selling futures contracts, though there was no selling of gold bars. Let’s just say that if the price of an August contract fell by $120, while the price of a gold bar held steady, there would be a backwardation of around 40%!

[embedded content] Weekly Market Pulse on June 21, where we look at significant things from last week’s events with Joe Calhoun. [embedded content] You Might Also Like Weekly SNB Sight Deposits and Speculative Positions: Inflation is there, CHF must Rise 2021-06-21 Update June 21 2021: SNB intervening. Sight Deposits have risen by +1.1 bn CHF, this means that the SNB is intervening and...

The Swiss consumed almost 11% less energy last year due to the Covid-19 pandemic and warmer weather, according to the Federal Office of Energy. Electricity pylons near Schaenis in canton St Gallen. © Keystone / Gaetan Bally In total, Swiss residents used up 747,400 terajoules (TJ) of energy in 2020 – a fall of 10.6% compared to 2019 – the office said in a statementExternal link on Monday. The two Covid-related lockdowns in spring and autumn, as well as warm weather,...