Tag Archives: Featured

Fading safe-haven demand undermined the CHF demand and extended some support. Bears await a sustained weakness below short-term ascending channel support. The USD/CHF pair struggled to register any meaningful recovery and remained well within the striking distance of near three-week lows set in the previous session, coinciding with the lower end of a multi-week-old ascending trend-channel. Given that technical indicators on hourly charts maintained their bearish bias...

USD/CHF takes a U-turn towards 38.2% Fibonacci retracement, 0.9950 resistance confluence. Sustained break of 50-DMA can recall 0.9800 on the chart. September month Swiss ZEW Expectations and SNB’s Q3 Bulletin in the spotlight. With its recent recovery from the 50-day simple moving average (SMA), the USD/CHF pair takes the bids to 0.9875 while heading into the European session on Wednesday. 38.2% Fibonacci retracement level of April-August declines, at 0.9880, becomes...

Like so many other things that were once affordable, owning pets is increasingly pricey. One of the few joys still available to the average household is a pet. At least this is what I thought until I read 5 money-saving tips people hate, which included the lifetime costs of caring for a pet. It turns out Poochie and Kittie are as unaffordable as college, housing and healthcare (and pretty much everything else). Over the course of 15 years, small-dog Poochie will set...

◆ Gold prices have inched 0.3% higher today as a sharp drop of nearly 2% yesterday has attracted bargain hunters ◆ Gold tested support at $1,500/oz after another peculiar sell off in the futures market saw prices fall $30 in two hours on the COMEX yesterday with most of the selling coming after European and London markets had closed ◆ The sell off came despite robust demand for gold globally as seen in the world’s largest gold ETF seeing yesterday, in just one day,...

The centre of banking activity in Zurich Zurich is a sober and orderly city, so a fierce altercation near the Swiss National Bankexternal link between a banker to the world’s billionaires and a private detective who was trailing him is worthy of John Le Carré. It is all the more lurid that Credit Suisse ordered surveillance of Iqbal Khan after he left abruptly for its rival UBS. Credit Suisse was worried that Mr Khan, who led an expansion of wealth management there,...

Swiss Franc The Euro has risen by 0.01% to 1.0851 EUR/CHF and USD/CHF, September 27(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Equities remain under pressures. The MSCI Asia Pacific Index lower today, though Chinese and Australian shares were firmer. It is the second consecutive week the benchmark has fallen. European equities are firmer, but not enough to offset the losses earlier this week and are set to...

Under an agreement reached in Geneva, countries with more than 75,000 tonnes in post imported annually – mainly the US – may apply self-declared new rates for distributing foreign mail from July 2020 I think it’s fair to say many people may not have heard of the Universal Postal Union (UPU). Its unassuming headquarters sits peacefully in a leafy suburb of Bern. It is the only United Nations agency to grace Switzerland’s capital with a presence. In fact, the UPU is...

Focused On Strategy - Click to enlarge The dollar continues to benefit despite US political uncertainty President Trump claimed to be getting “closer and closer” to a trade deal with China; we are very skeptical There is a lot of US data to be reported and a heavy slate of Fed speakers today ECB board member Lautenschlaeger has resigned; sterling continues to soften as Brexit optimism fades Netanyahu has been tasked with forming the next Israeli government;...

This is how they silence us: your content has been secretly flagged as being “unsafe,” i.e. “guilty of anti-Soviet thoughts;” poof, you’re gone. Big Tech claims it isn’t silencing skeptics, dissenters and critics of the status quo, but it is silencing us. Here’s how it’s done. Let’s start with Twitter. Twitter claims it doesn’t shadow ban (Setting the record straight on shadow banning), which it defines as deliberately making someone’s content undiscoverable to...

◆ Gold has edged higher to reach three week highs at $1,535/oz today after Trump took a hard-line stance on China and Iran during his U.N. speech ◆ Stocks fell in the U.S. yesterday and today in Europe on increasing political turmoil in the U.S. and the UK; Concerns about the global economy and the outlook for stocks is enhancing gold’s safe haven appeal ◆ Palladium has surged to an all time record high and we expect gold and silver to follow suit in the...