Tag Archives: 1) SNB and CHF

Warum die Schweizer Negativzinspolitik trotz aller leidigen Nebenwirkungen bis auf weiteres unumgänglich ist. Muss sich der EZB und deren zementierten Negativpolitik anpassen: SNB-Präsident Thomas Jordan. Foto: Keystone/Anthony Anex Negativzinsen in der Schweiz sind ein Sonderfall. Denn die Schweiz hat keine Negativzinsen, um das Wirtschaftswachstum anzukurbeln oder um bedrohte Schuldner vor dem Zusammenbruch zu retten. Die Negativzinsen hierzulande haben nur einen...

An iceberg melts in Kulusuk, Greenland near the arctic circle. (file photo) (Keystone / John Mcconnico) The Swiss National Bank (SNB) is doing enough to mitigate climate damage with its investment policy, senior directors have stated. Switzerland’s central bank does not have the mandate to impose environmental conditions on the commercial banking sector. The remarks follow a recent speechexternal link by the new head of the International Monetary Fund...

Renewed US-China trade optimism helped regain some traction. The uptick lacked bullish conviction and warrants some caution. The USD/CHF pair stalled its recent pullback from levels beyond 200-day SMA and regained some traction on the last trading day of the week. Renewed trade optimism weighed on the Swiss franc’s safe-haven status and led to a modest recovery, though bulls struggled to extend the momentum beyond the 0.9900 handle. On the daily chart, the pair has...

Andréa Maechler, Mitglied des Direktoriums der Schweizerischen Nationalbank. Bild: ZVG Aufgabe der Nationalbank sei die Gewährleistung der Preisstabilität, sagte SNB-Direktorin Andréa Maechler. Es sei nicht wünschenswert, dass die SNB “spezifische struktur- oder gesellschaftspolitische Ziele anstrebe”. Das Bestimmen der Ziele und der Lösungsansätze für den Übergang in eine kohlenstoffarme Wirtschaft müsse “im Rahmen eines Dialogs und aufgrund politischer...

In the third quarter of 2019, one in which the global economy continued to cycle lower, global central banks across the world continued to slash interest rates and launched/expanded quantitative easing programs with very little success at troughing global growth. Still, US equity indices powered to new highs, climbing a wall of worry of President Trump’s “trade optimism” tweets. It seemed quite evident over the quarter that President Trump’s tweeting of constant...

Der Bundesrat hat am Mittwoch beschlossen, die Teilrevision des Bundesgesetzes über die Währung und Zahlungsmittel (WZG) auf den 1. Januar 2020 in Kraft zu setzen. Das Parlament hatte diese im Juni verabschiedet. Bisher galt für Notenserien, die von der Nationalbank (SNB) zurückgerufen wurden, eine Umtauschfrist von 20 Jahren. Während dieser Zeit konnten diese Noten zwar noch bei der SNB umgetauscht, aber nicht mehr für Zahlungen verwendet werden. Der unbefristete...

Foreign exchange market remains fragile Negative rates, readiness for intervention still necessary Danger of a worsening international situation remains large Imbalances in Swiss real estate market still persist Some remarks by the Jordan, cited by the Swiss government. Nothing out of the ordinary here as they maintain their same messaging about the franc and the need to intervene in the FX market as and when is necessary. Though the timing is a little interesting...

USD/CHF erased its intraday gains, settling near the 0.9930 level.  Support is seen at the 0.9920 level. USD/CHF daily chart On the daily chart, USD/CHF is trading in a range below its 200-day simple moving average (DMA). The spot is holding just above the 50 SMA today at the 0.9921 level. USD/CHF daily chart(see more posts on USD/CHF, ) - Click to enlarge USD/CHF four-hour chart USD/CHF is retracing down from the current November highs while challenging the...

The USD/CHF pair’s recent recovery confronts 100-HMA, adjacent resistance line. 38.2% Fibonacci retracement, 0.9900 act as nearby supports. Following its bounce off 38.2% Fibonacci retracement of the current month upside, USD/CHF confronts near-term key resistance confluence while taking the bids to 0.9942 during early Tuesday. However, a sustained break of 0.9945 becomes necessary for the quote to extend recent recovery towards the support-turned-resistance line of...

USD/CHF fails to cross mid-October high, 61.8% Fibonacci retracement. A downside break of 0.9948 could recall 0.9900 on the chart Bullish MACD keeps buyers hopeful. The USD/CHF pair’s failure to rise beyond mid-October highs can’t be considered as it’s weakness unless the quote traders above 200-day SMA, 50% Fibonacci retracement of April-August downpour. The prices seesaw around 0.9970 during early Monday. Also favoring the buyers are the bullish signals from 12-bar...