Tag Archives: 1) SNB and CHF

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...

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...