Tag Archives: Featured

With the first half of 2018 now drawn to a close, much of the financial medias’ headlines and commentary relating to the gold market has been focusing on the fact that the US dollar gold price has moved lower year-to-date. Specifically, from a US dollar price of $1302.50 at close on 31 December 2017, the price of gold in US dollar terms has slipped by approximately 3.8% over the last six months to around $1252.50, a...

Swss Franc The Euro has risen by 0.03% to 1.1565 CHF. EUR/CHF and USD/CHF, July 03(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The global capital markets are trying to stabilize. US equities recovered from early losses yesterday but this was not enough to stop Asian equities from extending recent losses. The MSCI Asia Pacific Index slipped 0.2% for the sixth...

The Swiss railway system ranks as the best in Europe. The intercity IC2000 trains feature double-storeyed coaches. (Keystone) The Swiss Federal Railways is revamping its intercity IC2000 fleet at a cost of approximately CHF300 million ($302 million). The first completely renovated trains will be put back into operation in early 2019. The 341 wagons should be fit for another 20 years on the rails after their makeover....

Stock Markets EM FX ended Friday mixed, capping off a mostly softer week. TRY, MXN, and RUB were the top performers and the only ones up against USD, while ARS, CLP, and BRL were the worst.  Looking ahead, US jobs data on Friday pose some risks to EM, coming on the heels of a higher than expected 2% y/y rise in PCE. China will also remain on the market’s radar screen, with the first snapshots of June economic activity...

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. “On résiste à l’invasion des armées; on ne résiste pas à l’invasion des idées.” These are the actual words written by Victor Hugo in Histoire d’un Crime (History of a Crime).Translated literally, it means an invasion of armies can be resisted; an invasion of ideas cannot be resisted. However, there are many alternative...

The window dressing ahead of the end of Q2 failed to signal a turn in sentiment. Equity markets have taken back those gains and more. The US dollar is broadly firmer, though it was coming off its best levels near midday in Europe, and the three-basis-point slippage puts the US 10-year yield at 2.83%, its lowest in more than a month. Investors are wrestling with the implications of escalating trade tensions. The US...

The Used Goods Question Retail sales in several countries like Germany, Japan and Switzerland continue to fall or they remain steady for years. In the United States they have strongly risen recently. We should remind readers, that used goods sold via Ebay or similar, are not contained in this statistics. Still they create economic value for the purchases. By mentality, Swiss, Germans or Japanese pay more attention so...

SWI swissinfo.ch is part of the Swiss Broadcasting Corporation. The Swiss Broadcasting Corporation (SBC), swissinfo’s parent company, announced on Thursday a series of belt-tightening measures, including the elimination of 250 full-time positions over the next four years. The SBC is initiating a four-year savings and redeployment programme aimed at saving CHF100 million ($100 million), which will be re-invested across...

US President Trump is intent on disrupting the post-WWII arrangement that prioritized and ideological conflict over economic rivalries. Last week, it was reported that Trump told his counterparts at the G7 summit that NATO was as bad as NAFTA. NATO’s annual meeting is July 12. Trump seeks a realignment of alliances and appears to prefer the illiberal forces that arisen in recent years. The US Ambassador to Germany was...

Summary PBOC fixed USD/CNY at the highest level since December 14. Bank Indonesia delivered a larger than expected 50 bp to 5.25%. Bulgarian Prime Minister Boyko Borissov survived a second no-confidence vote this year. Turkish President Recep Tayyip Erdogan was re-elected but with sweeping new powers. Saudi Arabia, Kuwait, and UAE are reportedly in talks to help stabilize Bahrain. The South African Reserve Bank...