Tag Archives: 1) SNB and CHF

USD/CHF created a rising wedge pattern suggesting potential exhaustion in the medium term. The level to beat for bears is the 0.9770 support.   USD/CHF daily chart USD/CHF is pulling back down slightly from the 2020 highs while reintegrating Friday’s range. The spot is trading below the 100/200-day simple moving averages suggesting an overall bearish bias. USD/CHF daily chart(see more posts on USD/CHF, ) - Click to enlarge USD/CHF four-hour chart USD/CHF is...

Note: Ce post est une erreur. Son contenu correspond en fait à la page dédiée à l’or suisse de la banque centrale. https://lilianeheldkhawam.com/lor-de-la-banque-nationale-suisse/ Cette erreur est intervenue dans le cadre de la création de la page sur la Monnaie, que je vous invite à visiter ici: https://lilianeheldkhawam.com/monnaie-dossier/ Avec mes excuses. LHK Change in Central Bank Gold Reserves by Country - Click to enlarge...

Urs Rohner, VR-Präsident der Credit Suisse. Bild: ZVG Nach der Absetzung von Tidjan Thiam als operativer Chef der Credit Suisse wurde von verschiedenen Seiten auch gefordert, dass VR-Präsident Urs Rohner bereits auf die kommende Generalversammlung hin seinen Hut nimmt, so etwa vom Stimmrechtsberater Ethos. Rohner will sich aber an der kommenden GV von Ende April für ein letztes Jahr noch einmal wählen lassen. Im Jahr 2021 sollte er dann altershalber zurücktreten. Die...

Was ist es, was uns im Falle des Überwachungsskandals der CS so stark verstört hat? Mir fallen drei Punkte auf. Erstens die Tatsache, dass die Schweizer Grossbank offensichtlich einen eigenen internen geheimen Überwachungsdienst unterhält, der Arbeitnehmer auch ausserhalb des Arbeitsplatzes und ihrer Arbeitszeiten überwacht respektive bespitzelt. Zweitens ist es verstörend, dass sich der betreffende verdeckte Überwachungsmann, der einen Badge der CS hatte, das Leben...

CHF struggles to find demand as a safe-haven on Friday. US Dollar Index pushes higher above the 98.50 mark. Nonfarm Payrolls in US is expected to come in at 160K in January.  The USD/CHF pair closed the last four trading days in the positive territory and continued to edge higher on Friday to touch its best level since December 27th at 0.9772. As of writing, the pair was up 0.2% on the day at 0.9763. The sour market mood fails to help the CHF find demand as a...

The current monetary environment in Switzerland is as far from ordinary as can be imagined: negative interest rates (from -0.75% in the short term to -0.25% for 50Y govt bonds) and oceans of liquidity (M0 has grown to 50% of M3 from pre-crises levels of around 8%). The Swiss National Bank faces criticism because it is seen as contributing to this state of affairs. Both the critique and the counter-arguments have many facets. Let us pick just one of them: is the SNB...

USD/CHF created a strong bullish recovery while nearing the 2020 highs.  The level to beat for bulls is the 0.9770 resistance.   USD/CHF daily chart USD/CHF is attempting to form a base near multi-month lows while trading below the main daily simple moving averages. USD/CHF daily chart(see more posts on USD/CHF, ) - Click to enlarge USD/CHF four-hour chart The market is nearing the January highs while trading above the main SMAs. Bulls want a break above the...

« La création de monnaie est un processus à deux volets: le premier consiste en la création de monnaie centrale (billets de banque ainsi qu’avoirs en comptes de virement auprès de la banque centrale) par la banque centrale en application du monopole d’émission des billets de banque. Le second est constitué par la monnaie scripturale c réée par les banques commerciales lorsqu’elles accordent des crédits au public (ménages, entreprises » Masse monétaire et prix....

USD/CHF trades with a positive bias for the fourth consecutive session. The 0.9700 mark might now act as a strong base for bullish traders. The USD/CHF pair edged higher for the fourth consecutive session on Thursday and is currently placed near one-week tops, levels just below mid-0.9700s. Any subsequent positive move is likely to confront stiff resistance near the 0.9765-70 region (testing twice in January) and kept a lid on any further gains. The mentioned barrier...

USD/CHF edges higher for the fourth consecutive session on Thursday. The risk-on mood weighed on the safe-haven CHF and remained supportive. A pullback in the US bond yields kept a lid on the USD and capped gains. The USD/CHF pair now seems to have entered a bullish consolidation phase and was seen oscillating in a narrow trading band near one-week tops, just below mid-0.9700s. The pair added to its positive momentum witnessed since the beginning of this week and...