USD/CHF The USDCHF pair traded with clear negativity yesterday to approach our waited target at 0.9418, to keep the bullish trend scenario active until now, being away that it is important to monitor the price behavior when touching the mentioned level, as breaching it will push the price to extend its gains and head towards 0.9530 as a next station, while its stability will push the price to decline again. We should...
Read More »FX Daily, February 06: Recovering US Equities Puts Floor Under Europe after Asia Tanks
Swiss Franc The Euro has risen by 0.41% to 1.1566 CHF. EUR/CHF and USD/CHF, February 06(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates After the dramatic fall in US equities, Asian equities followed suit. The MSCI Asia Pacific Index fell 3.4% following Monday’s slide of 1.7%. European bourses gapped lower and spent most of the morning moving higher, though large gaps...
Read More »Great Graphic: European Equities Lead Move
Summary: European equities peaked earlier and have fallen the furthest. MSCI EM equities faring the best, and as of now, they are still up on the year. MSCI Asia Pacific fell 3.4% today and is now down 0.33% for the year. This Great Graphic was composed on Bloomberg. It shows four stock indices’ performance since the start of the year. It is indexed so that each index started the year at 100. The yellow line...
Read More »New Swiss tourism boss targets Alpine cyclists and non-skiers
Martin Nydegger, left, is the new head of Switzerland Tourism. (Keystone) - Click to enlarge New head of Switzerland Tourism Martin Nydegger expects hotel bookings to rise by 4% this winter season, owing to abundant snow. In an interview with Sonntagszeiting and Le Matin Dimanche newspapers, he also talks about priorities for 2018. Nydegger took over on January 1 from Jürg Schmid, who had headed the...
Read More »Gold Rises As Global Stocks Plunge and Bitcoin Crashes 70 percent
– Gold gains 0.6% in USD and surges 1.7% in euros and pounds – European stocks fall more than 3% at the open after sharp falls in Asia – DJIA falls 1,175 points, S&P 500 down 4.1% and Nikkei plummets 4.7%– Gold rises from $1,330 to $1,342, £942 to £960 and €1,067 to €1,085 /oz– Bitcoin crashes another 10% and has now plummeted by 70% to below $6,000 – Increased risk aversion will drive safe haven demand for gold as...
Read More »Is the 9-Year Long Dead Cat Bounce Finally Ending?
Ignoring or downplaying these fundamental forces has greatly increased the fragility of the status quo. The term dead cat bounce is market lingo for a “recovery” after markets decline due to fundamental reversals. Markets tend to bounce back after sharp declines as participants (human and digital) who have been trained to “buy the dips” once again buy the decline, and the financial media rushes to reassure everyone...
Read More »How to Buy Low When Everyone Else is Buying High
When to Sell? The common thread running through the collective minds of present U.S. stock market investors goes something like this: A great crash is coming. But first there will be an epic run-up climaxing with a massive parabolic blow off top. Hence, to capitalize on the final blow off, investors must let their stock market holdings ride until the precise moment the market peaks – and not a moment more. That’s...
Read More »Favoritisme délibéré ou perte de contrôle ? La politique d’investissement chaotique de la Banque nationale suisse
Favoritisme délibéré ou perte de contrôle ? La politique d’investissement chaotique de la Banque nationale suisse « Je peux vous assurer que nos spécialistes en investissement connaissent parfaitement leur métier » (Fritz Zurbrügg) « La BNS n’a aucun spécialiste qui peut dire ‘il faut prendre le titre A plutôt que le titre B’ » (Jean-Pierre Danthine) « Nous décidons de nos placements avec le concours d’un...
Read More »FX Daily, February 05: Dollar Consolidates while Equity Rout may be Ebbing
Swiss Franc The Euro has risen by 0.19% to 1.1622 CHF. EUR/CHF and USD/CHF, February 05(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Asian equity markets were weighed down by losses in the US markets ahead of the weekend. The MSCI Asia Pacific Index was off 1.4% after the 1.0% pre-weekend loss. The Nikkei gapped lower and shed 2.5% and has fallen in eight of the past...
Read More »Shrinkflation Intensifies – Stealth Inflation As Thousands of Food Products Shrink In Size, Not Price
– Shrinkflation continues to take hold across UK, Ireland and US for sixth year running– Shrinkflation sees consumers gets less product, but at the same or increased price– 2,500 products have shrunk according to Office of National Statistics in UK– Reported inflation is between 1.7% and 3% but actually much higher– Shrinkflation is financial fraud, unreported inflation in stealth mode– Gold is hedging inflation and...
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