SNB & CHF

Before the Great “Recession” ended the business cycle as we once knew it, there was a widely accepted concept known as stall speed. In the US, if GDP growth decelerated down to around 2% it suggested the system had reached a danger zone of sorts. In a such a weakened state, one good push, or shock, could send the economy plunging into recession. Any economy which might slow down into a weakened state for whatever reasons becomes susceptible. What might be a minor,...

Swiss Franc The Euro has risen by 0.60% to 1.0984 EUR/CHF and USD/CHF, September 17(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Oil prices have stabilized after yesterday’s surge. Both Brent and WTI are holding on to around $7-$8 a barrel gain. Equity markets are mixed. Some are attributing the losses in Asia Pacific outside of Japan (Nikkei rose its highest level since late April), Korea and Australia to...

The SNB meeting is on Thursday The Swiss National Bank needs to respond to the strong currency and lower rates from the ECB, according to Morgan Stanley. The consensus for Thursday’s meeting is no change from -0.75% but Morgan Stanley and UBS are two firms that are forecasting a surprise 25 bps cut. “What’s motivating the SNB to ease policy is inflation,” economists write in a note today. “It’s low and uncomfortably close to zero, despite loose monetary policy and a...

This week, the prices of the metals fell further, with gold -$18 and silver -$0.73. On May 28, the price of silver hit its nadir, of $14.30. From the last three days of May through Sep 4, the price rose to $19.65. This was a gain of $5.35, or +37%. Congratulations to everyone who bought silver on May 28 and who sold it on Sep 4. To those who believe gold and silver are money (as we do) the rising price of silver may seem right as rain. Why shouldn’t the dollar go...

Thanks for watching this interview, 'People Will Lose Faith In Central Banks...' w/ Charles Hugh Smith. Share your thoughts below. Don't forget to click the ? & subscribe to the RTD channel for more informative content ?. Find out more about my guest Charles Hugh Smith here: https://www.oftwominds.com/ Join the new RTD Gold Team and partner with me in Getting Your Weight Up in 24kt Gold grams... http://bit.ly/RTD_goldteam Get your RTD ' Scary George' 1 oz. silver coin on available...

This week the BoJ will hold its regular policy meeting. Global uncertainty, linked to the trade war and Brexit, has strengthened the value of the Swiss franc and Yen. CHF/JPY is struggling to maintain the upside as the Yen picks up a safe haven bid, anchored on geopolitical developments following a textbook risk-off response in global financial markets following the strike on Saudi Arabia’s oil facilities over the weekend. Both the CHF and Yen picked up a bid as...

Trade between Asia and Europe has dimmed considerably. We know that from the fact Germany and China are the two countries out of the majors struggling the most right now. As a consequence of the slowing, shipping companies have had to make adjustments to their fleet schedules over and above normal seasonal variances. It was reported last week that Maersk and MPC would “temporarily suspend” their sailings on one of the biggest routes between Europe and Asia. Weakening...

Thanks for watching this interview, 'People Will Lose Faith In Central Banks...' w/ Charles Hugh Smith. Share your thoughts below. Don't forget to click the ? & subscribe to the RTD channel for more informative content ?. Find out more about my guest Charles Hugh Smith here: https://www.oftwominds.com/ Join the new RTD Gold Team and partner with me in Getting Your Weight Up in 24kt Gold grams... http://bit.ly/RTD_goldteam Get your RTD ' Scary George' 1 oz. silver coin on available at...

Finally, finally the global bond market stopped going in a straight line. I write often how nothing ever does, but for almost three-quarters of a year the guts of the financial system seemed highly motivated to prove me wrong. Yields plummeted and eurodollar futures prices soared. It is only over the past few weeks that rates have backed up in what has been the first real selloff since last year. Is this a meaningful change?   It may seem that way in certain places....

The weekend bombing of Saudi oil facilities continue to reverberate across global markets The currencies of the oil producing nations are likely to outperform near-term US rates continue to adjust ahead of the FOMC UK Prime Minister Johnson is in Luxembourg today to meet with EC President Juncker China reported weak August IP and retail sales . The dollar is mixed against the majors as markets continue to digest the attack on Saudi oil facilities.  Yen and Loonie are...