SNB & CHF

Researchers at the Paul Scherrer Institute recently deciphered the structure of the CC chemokine receptor 7 (CCR7), a signaling protein. © Bogdan Hoda | Dreamstime.com Cancer cells use CCR7 to guide themselves into the lymphatic system, spreading cancer throughout the body. The resulting secondary tumors, called metastases, are responsible for most cancer deaths. This new understanding of CCR7 is a break through that forms a foundation for developing drugs that could...

The Everything Bubble has topped out, and trying to push it higher for the next 14 months is a sure way to increase the damage next year. One of the more reliable truisms is that Americans vote their pocketbook: if their wallets are being thinned (by recession, stock market declines, high inflation/stagnant wages, etc.), they throw the incumbent out, even if they loved him the previous year when their wallets were getting fatter. (Think Bush I, who maintained high...

Bill Bonner Interview: hold on to your cash, the real financial crisis is yet to come.

Bill Bonner Interview: hold on to your cash, the real financial crisis is yet to come.

Swiss Franc The Euro has fallen by 0.03% to 1.0903 EUR/CHF and USD/CHF, August 30(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Global equities are advancing at least in part on ideas that trade tensions are easing. China announced it would not take immediate action on the five percentage point increase in levies that the US announced strictly in response to China’s retaliatory tariffs. A lull between...

This is a companion piece to last week’s Monthly Macro report found here. The Treasury market continues to price in lower nominal and real growth. The stress, the urgency, I see in some of these markets is certainly concerning and consistent with what we have seen in the past at the onset of recession. The move in Treasuries is by some measures, as extreme as the fall of 2008 when we were in a full blown panic. That to me, is evidence that this move is overly...

A deal agreed between EFTA and the South American Mercosur bloc, which includes Argentina, Brazil, Uruguay and Paraguay, with a combined population of 260 million, is close to signing. © Tomas Griger | Dreamstime.com EFTA includes Iceland, Liechtenstein, Norway, and Switzerland. Under the deal, 95% of Switzerland’s CHF 3.6 million annual exports to the bloc would be tarif free. The deal is important because the EU recently agreed a similar Mercosur deal, so this deal...

USD/CHF takes the bids near 38.2% Fibonacci retracement of April-August downpour. 200-day EMA, four-month-old falling trend-line acts as key upside resistance. Despite breaking 50-day exponential moving average (EMA), USD/CHF remains below key resistance confluence as it takes rounds to 0.9880 during Friday’s Asian session. The pair needs to provide a daily closing beyond 0.9890/95 region including 100-day EMA and four-month-old descending trend-line in order...

Having destroyed discipline, central banks have no way out of the corner they’ve painted us into. It was such a wonderful fantasy: just give a handful of bankers, financiers and corporations trillions of dollars at near-zero rates of interest, and this flood of credit and cash into the apex of the wealth-power pyramid would magically generate a new round of investments in productivity-improving infrastructure and equipment, which would trickle down to the masses in...

Swiss Franc The Euro has risen by 0.14% to 1.0887 EUR/CHF and USD/CHF, August 29(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The capital markets are calm today, though there does seem to be some optimism creeping back into the market. The Chinese yuan strengthened, snapping a ten-day slide and Italian bank shares index has risen by more than 1% for the fourth consecutive session. The safe-haven yen and...