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Home / Tag Archives: 1) SNB and CHF

Tag Archives: 1) SNB and CHF

Swiss Franc at risk as inflation diverges from SNB forecasts

Swiss Franc is vulnerable as inflation data continues to undershoot official forecasts.  The SNB expected inflation to average 1.9% in 2024 in its December forecast, but it currently sits at 1.2%.  The latest Producer and Import Prices showed the tenth month of deflation in a row.  The Swiss Franc (CHF) trades flat at the end of the trading week – off by barely a few hundredths of a percent in its most traded pairs. The overal fundamental...

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EUR/CHF Price Analysis: Pullback possible amid mixed signals

EUR/CHF touches 50-week SMA and recoils RSI on daily chart indicates possibility of a pullback.  Symmetrical Triangle has formed on 4-hour chart with breakout likely.  EUR/CHF has rebounded from the 0.9254 December 2023 lows and rallied up to resistance from a key barrier in the form of the 50-week Simple Moving Average (SMA). The pair is probably still in a long-term downtrend despite recent strength. Euro to Swiss Franc: Weekly chart The price has respected the...

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The Swiss National Bank vs. the Federal Reserve: The Fed’s Capital Losses in Perspective

Switzerland’s central bank, the Swiss National Bank (SNB), lost $3.6 billion in 2023,  after a gigantic loss of $150 billion in 2022. But after booking these losses, and properly subtracting them from its capital, the SNB still had positive capital of over $70 billion. This gives it the quite respectable capital to total assets ratio of 7.9%. All of these numbers are after marking its investments to market, as is required by the SNB’s governing law, so the capital is...

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Swiss Franc extends losses on Swiss interest rate outlook

The Swiss Franc edges lower against the US Dollar on the back of relatively low inflation in Switzerland, which indicates interest rates remaining low.  SNB’s Jordan says Swiss Franc rising in real terms is hurting Swiss exporters, SNB unlikely to pursue CHF-strengthening policies.  USD/CHF hits resistance at falling trendline, 50-week SMA.  The Swiss Franc (CHF) edges lower against the US Dollar (USD) on Wednesday as traders continue to bet on a less-inflationary...

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USD/CHF Price Analysis: Trades back and forth around 0.8800

USD/CHF trades sideways near 0.8800 as the focus shifts to US economic data. The Swiss economy is expected to have growth at a moderate pace of 0.1% in the last quarter of 2023. Fed policymakers support holding interest rates unchanged in the range of 5.25%-5.50%. The USD/CHF is stuck in a tight range near the round-level resistance of 0.8800 since Friday’s trading session. The Swiss Franc asset struggles to find a direction as investors await the United States core...

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EUR/CHF hits ten-week highs above 0.9550 as Franc continues to soften

EUR/CHF up over 3% from December’s lows. ECB President Lagarde looks ahead to growth rebound. Swiss Franc is broadly weaker across the majors market. EUR/CHF knocked into fresh multi-month highs on Monday as the pair steps into a ten-week peak above 0.9550. The Swiss Franc (CHF) has depreciated notably against the majority of its major currency peers in 2024, and is down 2.88% YTD against the Euro (EUR). European Central Bank (ECB) President Christine Lagarde hit...

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Sichtguthaben bei der SNB ziehen leicht an

Die Sichtguthaben bei der SNB steigen gegenüber der Vorwoche um 3,4 Milliarden Franken. Die Einlagen von Bund und Banken lagen am 23. Februar bei 480,5 Milliarden Franken nach 477,1 Milliarden in der Woche davor, wie die SNB am Montag mitteilte. Das ist ein Anstieg um 3,4 Milliarden Franken. Auf die Giroguthaben inländischer Banken entfielen Ende letzter Woche 471,4 Milliarden Franken. Das Total der Sichtguthaben bei der Nationalbank umfasst als grössten Posten die...

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Parlamentskommission reicht in Credit-Suisse-Untersuchung Anzeige ein

Die Sonderkommission des Schweizer Parlaments zur Untersuchung des Credit-Suisse-Debakels geht gegen Indiskretionen vor. Die Sonderkommission des Schweizer Parlaments zur Untersuchung des Credit-Suisse-Debakels geht gegen Indiskretionen vor. In den vergangenen zwei Wochen seien wiederholt Medienberichte über mutmassliche Inhalte vereinzelter Anhörungen erschienen, wie die Parlamentarischen Untersuchungskommission (PUK) am Freitag mitteilte. Als Reaktion habe der...

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Forex Today: Pound Sterling weakens on soft UK inflation, US Dollar consolidates gains

Here is what you need to know on Wednesday, February 14: The US Dollar Index consolidates it’s gains early Wednesday after rising 0.7% to a fresh three-month high near 105.00 on Tuesday. Eurostat will release fourth-quarter Gross Domestic Product (GDP) data in the European session and there won’t be any high-tier data releases from the US later in the day. Several Federal Reserve (Fed) policymakers, including Chicago Fed President Austan Goolsbee and Atlanta Fed...

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