SNB & CHF

Is it over? That’s the question everyone is asking about both major crises, the answer is more obvious for only the one. As it pertains to the pandemic, no, it is not. Still the early stages. The other crisis, the global dollar run? Not looking like it, either. Stocks rebounded because of “major helicopter stimulus” or because that’s just what stocks do during times like these. Some of the biggest up days have followed, and are often found in between, the greatest...

The money supply growth rate rose again in February, climbing to a 37-month high. The last time the growth rate was higher was during February of 2017, when the growth rate was 7.9 percent. During February 2020, year-over-year (YOY) growth in the money supply was at 7.49 percent. That’s up from January’s rate of 6.32 percent, and up from February 2019’s rate of 3.20 percent. The increase in money supply growth in February represents a sizable reversal of the trend...

“Let’s Deal With The Facts Now” – Watch Interview Here ◆ Markets have collapsed around the world as we predicted as the ‘Giant Ponzi Everything Bubble’ meets the massive pin that is the coronavirus’ impact on already vulnerable indebted economies. ◆ Stocks have crashed and bond markets and banks may be next … “bank holidays”, bail-ins and currency resets are likely ◆ The virus is a final “snow flurry” which is unleashing the financial and economic avalanche. ◆...

Swiss Franc The Euro has fallen by 0.21% to 1.0565 EUR/CHF and USD/CHF, March 17(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: While the markets are not as disorderly as they have been, the tone is fragile, and the animal spirits have been crushed. Australian stocks fell more than 10% last week and dropped another 9.7% yesterday before rebounding by almost 6% today to be one of the few Asia Pacific equity...

Swiss franc losses strength versus USD, EUR despite risk aversion.  USD/CHF modestly lower for the day after finding resistance at 0.9500.  The USD/CHF was trading around 0.9470, modestly lower from the level it closed on Friday. The pair bottomed during the European session at 0.9390, following rate cuts from many central banks. It then rebounded as the DXY turned positive, trimming losses. The 0.9500 area capped the recovery of the US dollar. From a fundamental...

USD/CHF holds onto recovery gains inside the short-term bullish technical pattern. Key SMA, sluggish MACD question the buyers. In addition to the current risk-reset, USD/CHF takes clues from the technical indicators while rising 0.26% to 0.9493 amid the initial trading session on Tuesday. The pair recently bounced off the support-line of a one-week-old rising trend channel, which in turn pushes the quote towards a 100-bar SMA level of 0.9540. However, the quote’s...

Bern, 16.03.2020 – At an extraordinary meeting today, 16 March 2020, the Federal Council took the decision to introduce more stringent measures to protect the public. It has declared that an ‘extraordinary situation’ now exists in Switzerland in terms of the Epidemics Act. All shops, restaurants, bars and entertainment and leisure facilities will remain closed until 19 April. Not affected by the new ruling are food stores and healthcare institutions. As of...

At a press conference at 5pm on 16 March 2020, members of the Federal Council presented a list of further restrictions designed to slow the spread of the Covid-19 virus, that will become active from midnight tonight. A video of the conference can be viewed below. [embedded content]Alain Berset, Switzerland’s interior minister, called on the population to follow the rules. To date a significant number of people have not been following them, he said. Following these...

Vor 11 Jahren befand sich die Welt, nach dem Platzen der Immobilienblase und der Peilte zahlreicher Banken, in einer drastischen Wirtschaftskrise. Diese entstand aufgrund zu niedriger Zinsen und zu viel billigem Geld. Gelernt haben die Notenbanker aus dieser Krise offensichtlich äußerst wenig. Trotz einer zehnjährigen Boomphase, insbesondere in Deutschland, sind die Zinsen historisch niedrig und werden weiter gesenkt. Die Welt wird stetig mit immer mehr Geld...

Ibuprofen belongs to a family of drugs known as non-steroidal anti-inflammatory drugs. On 14 March 2020, Olivier Véran, France’s health minister Tweeted that taking anti-inflammatory medicine “could be an aggravating factor” for those infected with Covid-19, and recommended paracetamol for those with a fever. Link to Twitter postLater, Switzerland’s Federal Office of Public Health (FOPH), said that observations have been made in individual cases, but this is not...