Tag Archives: 1) SNB and CHF

Kein Sparschweinchen aus SNB-Pfründen. (Bild: Shutterstock.com/ valeriiaarnaud) Das Vermögen von Norwegens erfolgreichem Staatsfonds hat die Billionen-Franken-Schwelle geknackt und erntet entsprechende mediale Aufmerksamkeit. Dies lässt auch in der Schweiz Forderungen nach einem ähnlichen Konstrukt aufleben, um vorhersehbare AHV-Finanzierungslücken dereinst zu decken. Als vielversprechender Finanzierungsfavorit gilt die Schweizerische Nationalbank (SNB), die für die...

Schweizer Unternehmen sind wenig abhängig vom Wechselkurs, da nur die wenigsten exportieren. (Bild: Shutterstock.com/guruxox) Auch fünf Jahre nach der Einführung von Negativzinsen zur Schwächung des Frankenwechselkurses durch die Schweizerische Nationalbank (SNB) deutet nichts darauf hin, dass diese Phase der Geldpolitik bald dzu Ende gehen wird. UBS hat deshalb das Thema zum Schwerpunkt ihrer halbjährlich durchgeführten Unternehmensumfrage gemacht und 2’500...

Thomas Jordan, Chairman of the Swiss National Bank Thomas Jordan, chairman of the Swiss National Bank (SNB), told the NZZ am Sonntag newspaper recently that central bank interest rates might need to go further into negative territory. Responding to growing criticism of negative central bank interest rates, Jordan said negative interest rates could continue and a further reduction is possible. The SNB did not introduce negative interest rates to harm people, said the...

Swiss Franc amid the worst performers on Thursday amid positive trade headlines.  US dollar rises supported by higher US yields; Wall Street hits a new record. The USD/CHF pair broke to the upside after trading sideways around 0.9925 for hours. It climbed to 0.9975, reaching a three-week high. Near the end of the session, it is consolidating gains, holding above relevant short-term technical levels. Equity prices are higher in Wall Street amid reports that the US and...

USD/CHF is trading flat on the day, consolidating the gains of the last two days.  The level to beat for bulls is the 0.9940/0.9956 resistance zone. USD/CHF daily chart On the daily chart, USD/CHF is trading in a range below its 200-day simple moving average (DMA). The market is holding just above the 50 SMA today at the 0.9916 level. USD/CHF daily chart(see more posts on USD/CHF, ) - Click to enlarge USD/CHF four-hour chart USD/CHF is trading near the monthly...

If one is a central bank – such as the SNB and BOJ – life is easy: you just print as much money as you need out of thin air, and buy whatever you want, without regard for price. For those who are not central banks, having access to unlimited borrowed money may be the next best thing. It now appears that the millennial-targeting brokerage Robinhood, which offers its users “free” online trades in exchange for quietly selling their orderflow to frontrunning HFTs, has a...

USD/CHF holds on to recovery gains above 100-day SMA amid increasing hopes of the US-China trade deal. Comments from Fed’s Daly add to the pair’s strength. The US PMIs, JOLTS Job Openings to decorate the economic calendar while trade/Brexit headlines will mostly drive risk-tone. In addition to increasing hopes of an initial trade deal between the US and China, broad US Dollar (USD) strength also helps USD/CHF to take the bids near 0.9885 during the initial Asian...

„Gretchen-Parlament“ – diesen Ausdruck wählte ich in Anlehnung an die grüne Greta und ihre Jünger und Jüngerinnen europaweit. Kann von einem legalen Wahlkampf die Rede sein? Grüne Frauen wurden gewählt aufgrund sexueller Übervorteilung. Ich selber war Ständeratskandidat in Basel, wurde aber an keine einzige Podiumsdiskussion zugelassen. Women only. Keine der Ständeratskandidatinnen hatte den Stolz und forderte, mit den Männern auf Augenhöhe anzutreten – alle...

USD/CHF nears 100-day SMA amid yet another bounce off 50% Fibonacci retracement. 61.8% of Fibonacci retracement adds support to the downside. With its yet another bounce off 50% Fibonacci retracement of August-October advances, USD/CHF nears 100-day Simple Moving Average (SMA) while taking the bids to 0.9865 amid initial trading on Monday. Should prices manage to close beyond a 100-day SMA level of 0.9871, early October lows near 0.9900 and 0.9940/43 resistance...

  In his prepared remarks delivered to pension managers on Thursday, Swiss National Bank Chairman Thomas Jordan said negative interest rates and readiness to intervene in the forex market was still essential to ease the pressure on the Swiss Franc. “Without negative rates, the Franc would be more attractive and rise in value,” Jordan further argued. The USD/CHF pair largely ignored Jordan’s comments and was last seen trading at 0.9875, down 0.18% on a daily basis....