Tag Archives: Featured

Increased trade tensions have boosted the gold price to above USD 1,500. The increased trade tensions following Trump’s 1 August tweet threatening additional tariffs on Chinese goods has boosted the gold price above USD 1,500 per troy ounce. The recent developments are supportive of gold investment demand because of a lower opportunity cost associated with holding gold and greater demand for safe haven assets. Coupled...

The “traditionalist” Neocons are going to have to decide to fish or cut bait. I’ve been writing about the fracturing Deep State for the past five years: The conflict has now reached the hot-war stage where bodies are turning up, explained away by the usual laughable covers: “suicide,” “accident” and “heart attack.” That Jeffrey Epstein’s death in a secure cell is being labeled “suicide” tells us quite a lot about the...

Climate will be a big debating point for October’s parliamentary elections. (© Keystone / Peter Klaunzer) Analysis of survey questions filled out by Swiss politicians in 2015 and 2019 shows a marked turnaround in attitudes towards the introduction of a carbon tax on fuel. The Smartvote online platformexternal link asks politicians various attitudinal questions in an effort to help voters make up their minds in the lead...

The US-China tensions remain the dominant driver of investor risk appetites. President Trump has repeatedly accused China of manipulating its currency on twitter, and finally Treasury Secretary Mnuchiin acquiesced after China failed to prevent the dollar from rising above CNY7.0. China set the reference rate for the dollar lower than models based on the basket the PBOC uses implied for the past three sessions, and this...

On the one hand, it’s a small silver lining in how many even in the mainstream are beginning to realize that there really is something wrong. Then again, they are using “trade wars” to make sense of how that could be. For the one, at least they’ve stopped saying China’s economy is strong and always looks resilient no matter what data comes out. Even after all that supposed “stimulus” starting in the middle of last year...

The demand for the Swiss franc decreases as Wall Street indices are gaining strength.  The level to beat for bulls are at 0.9790 and 0.9815 level. USD/CHF daily chart USD/CHF is trading off 2-month lows below the main daily simple moving averages (DSMAs). Equity markets are recovering from the recent selloff easing the demand for safe-haven currencies such as CHF and JPY. USD/CHF daily chart - Click to enlarge...

A four-day long descending triangle formation limits USD/CHF moves ahead of Swiss Unemployment Rate. 100-hour EMA offers an additional barrier to the upside. In addition to its choppy 11-pip trading range since morning, a four-day long descending triangle formation also limits USD/CHF pair moves as it trades near 0.9740 heading into Friday’s European market open. Investors will seek clues from Switzerland’s July month...

The near-term impact will likely be limited but this is a clear negative for trade negotiations. Shortly after the renminbi’s sharp depreciation on Monday, the US Treasury Department labelled China a currency manipulator. This is the first time in 25 years that the US government has designated a country as a currency manipulator. According to the US Treasury Department, the decision was triggered by the perceived lack...

At its annual press conference in January, Novartis focused on “transformative treatments” – a therapy based on the belief that illness may be caused by the subconscious influences. Swiss pharmaceutical company Novartis has dismissed criticism that it allegedly withheld information about animal testing data inaccuracies to United States authorities for a human gene therapy. Novartisexternal link said its subsidiary in...

Despite the CNY’s recent fall, we believe the People’s Bank of China will refrain from competitive devaluation Following US President Donald Trump’s announcement of a new 10% tariff on USD300 billion of Chinese goods, the Chinese renminbi (rmb) weakened sharply and breached CNY7.00 per USD. The recent rmb move, in our view, represents a major shift in the People’s Bank of China’s (PBoC) currency policy, reflecting the...