Tag Archives: 1) SNB and CHF

According to a BIS press release, several leading central banks collaborate with the BIS on matters relating to the introduction of CBDC: The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Sveriges Riksbank and the Swiss National Bank, together with the Bank for International Settlements (BIS), have created a group to share experiences as they assess the potential cases for central bank digital currency (CBDC) in their home...

USD/CHF registers five-day winning streak, rises to a one-week high. A downside break of 0.9644 can refresh monthly lows. 38.2% Fibonacci retracement could lure buyers during further upside. USD/CHF takes the bids to 0.9700, following the intra-day high of 0.9702, while heading into the European session on Wednesday. The pair nears the key short-term resistance confluence including 21-day SMA 23.6% Fibonacci retracement of the pair November-January fall and a...

The rift between the US (where rates are still positive) and European banks (where rates have never been more negative) continues to grow. While US banks have so far reported mostly better than expected results for Q4, the same can not be said for Europe, where UBS shares are down 5% as the bank misses fiscal year profitability and cost targets in addition to trimming its mid-term goals. As Saxobank notes, “UBS has been hit by wealth management outflows, negative...

The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Sveriges Riksbank and the Swiss National Bank, together with the Bank for International Settlements (BIS), have created a group to share experiences as they assess the potential cases for central bank digital currency (CBDC) in their home jurisdictions. The group will assess CBDC use cases; economic, functional and technical design choices, including cross-border...

USD/CHF consolidates Friday’s goodish intraday positive move. The prevalent cautious mood seemed to have capped the upside. The USD/CHF pair was seen oscillating in a narrow trading band below the 0.9700 mark on Monday and consolidated the previous session’s goodish positive move. A combination of supporting factors helped the pair to gain some follow-through positive traction for the second consecutive session on Friday and build on the previous session’s modest...

Analysts at MUFG Bank, point out that the Swiss franc has strengthened alongside the price of gold, perhaps reflecting debasement fears. They argue market participants are also questioning Swiss National Bank’s appetite for maintaining negative rates and intervening to dampen CHF strength. Key Quotes: “Market participants are also questioning whether the SNB will still has the same appetite to continue intervening in the FX market to dampen CHF strength. It follows...

Die Schweizer Fahne weht vor dem Sitz der Schweizerischen Nationalbank (SNB) in Bern (26.4.2019). Bild: Bloomberg Fünf Jahre nach der turbulenten Abkehr der Schweiz von der Euro-Anbindung regt sich zunehmend Widerstand gegen die von den Währungshütern stattdessen ausgerufene ultra-lockere Geldpolitik. Seit die Schweizerische Nationalbank (SNB) am 15. Januar 2015 die zuvor mehrere Jahre durchgesetzte Euro-Kursuntergrenze von 1,20 Franken abrupt kippte, setzt die...

The Swiss National Bank (SNB) retains the ability to wage currency market interventions if necessary,  Martin Schlegel, one of the SNB’s alternate governing board members, said on Wednesday, according to Bloomberg. Key quotes The balance sheet is the result of our monetary policy. That means that if we need to loosen monetary policy we still have the room to expand the balance sheet. There is no alternative to the SNB’s negative interest rate, currently at minus...

Der cash Insider ist unter @cashInsider auch auf Twitter aktiv. Lesen Sie börsentäglich von weiteren brandaktuellen Beobachtungen am Schweizer Aktienmarkt. +++ Am Morgen des 15. Januars 2015 waren die Devisenmärkten in Aufruhr. Dass die Schweizerische Nationalbank (SNB) das Ende des Euro-Mindestkurses von 1,20 Franken verkünden würde, hatten selbst erfahrenste Marktakteure nicht erwartet. Folglich wurde der Euro vorübergehend zu 80 Rappen gehandelt und auch der...

USD/CHF holds onto recovery gains from a 16-month low. 200-hour SMA will please buyers during a sustained breakout. Bears may aim for September 2018 low following the downside break of the recent bottom. USD/CHF confronts a one-week-old falling trend line resistance while trading around 0.9650 during early Friday. The pair recently ticked up to 0.9654 but failed to extend the rise. Hence, buyers will look for entry above 0.9650/55 area while targeting a 200-hour...