Tag Archives: Featured

USD/CHF The USDCHF pair succeeded to break 0.9656 level and hold with a daily close below it, which confirms opening the way to extend the bearish wave towards our yesterday’s mentioned next target at 0.9566, noticing that the price approaches retesting the broken level now. Therefore, we are waiting for more decline in the upcoming sessions, noting that breaching 0.9656 might push the price to achieve some intraday...

Silver Prices To Surge – JP Morgan Has Acquired A “Massive Quantity of Physical Silver”– JP Morgan continues to accumulate the biggest stockpile of physical silver in history– “JPM now holds more than 133m oz -more than was held by the Hunt Bros” – Butler– Silver hoard owned by JPM has increased from Zero ozs in 2011 to 120m ozs today – Money managers showing more optimism towards silver through record buying– “Near...

Much paperwork awaits in this social services centre in Zurich. (Keystone) Two leading Swiss organisations for social action and further education have called for big investment in training opportunities for the unemployed. At a press conference on Monday in Bern, the Swiss Conference of Social Institutions and the Swiss Federation for Further Education called on the state to invest in a schemeexternal link that they...

Switzerland is made up of 26 cantons – technically six are half cantons1 – each with its own distinct taxes, education system, hospitals and government. © Anna Hristova | Dreamstime.com Land area varies significantly, from 37 sq/km Basel-Stadt to 7,105 sq/km Graubünden. Population is also highly varied, from tiny Appenzell Innerrhoden (16k) up to Zurich with nearly 1.5 million. Unsurprisingly, the range of economic...

Economic Reports Employment We received several employment related reports in the first two weeks of the year. The rate of growth in employment has been slowing for some time – slowly – and these reports continue that trend. The JOLTS report showed a drop in job openings, hires and quits. The Fed has been talking about a tight labor market but this report peaked last July so that may not be as much a concern as they...

According to Le Matin, economists at Swiss Life think the rise of the Swiss franc could be over and predict it will weaken to 1.22 to the euro by the end of the year. © Valeriya Potapova _ Dreamstime.com At the same time they point to risks that could send the currency in the opposite direction, such as the election in Italy, Brexit negotiations and uncertainty surrounding government in Germany. The Swiss National...

Staying on good terms with parents can pay off – increasingly so (Keystone) The Swiss are passing on more inheritance wealth to family, friends and other beneficiaries than ever before – the CHF63 billion ($65 billion) bequeathed in 2015 is double that of 20 years ago, according to the NZZ am Sonntag newspaper. The Office for Work and Social Politics Studies estimates than an additional sum of between CHF16 billion and...

London Property Crash Looms As Prices Drop To 2 1/2 Year Low – London homeowners cut property prices by another 1.4% in January – Average price for a London house dropped by £22,000 to £600,926 in 2017– Takes 78 days to sell a home on average, the highest level since 2012– London’s downtrend continues after 2017 performance as worst UK housing market– UK regional house prices begin to falter as house prices climb slows...

Central banks have guaranteed a bubble collapse is the only possible output of the system they’ve created. The psychology of blowoff tops in asset bubbles is fascinating: let’s start with the first requirement of a move qualifying as a blowoff top, which is the vast majority of participants deny the move is a blowoff top. Exhibit 1: a chart of the Dow Jones Industrial Average (DJ-30): Is there any other description of...

It is not easy to recall another week in which there were so many potential changes to the broad investment climate. The relatively light economic calendar in the week ahead may allow investors to continue to ruminate about some of those developments. Here we provide thumbnail assessments of the main drivers. China The PBOC modified the way the reference rate is set.  Currencies are allowed to trade in a band around...