Tag Archives: Featured

Swiss Franc The Euro has risen by 0.08% to 1.0982 EUR/CHF and USD/CHF, November 26(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Neither optimistic comments from Federal Reserve Chairman, that the economic glass is more than half full, nor a seemingly positive spin on the weekend fall calendar between Chinese and US officials have succeeded in deterring some profit-taking today. Most of the large markets in...

26.11.2019 – The social partners signatory to Switzerland’s main collective labour agreements (CLA) agreed a nominal rise in real wages of 1.1% and a nominal rise in minimum wages of 0.8% for 2019. Real wages increased by 0.5% at collective level and by 0.6% at individual level. These are the some of the results of the wage agreements survey carried out by the Federal Statistical Office (FSO). . Download press release: Real and minimum wages increased by 1.1% and...

26.11.2019 – Total employment rose in the third quarter by 1.3% compared with the same quarter a year earlier. At 5.137 million jobs it reached the highest level since the statistics began. In full-time equivalents, employment in the same period rose by 1.1%. The Swiss economy counted 6900 more vacancies than in the corresponding quarter of the previous year (+9.6%). The employment outlook indicator is indicating a downward trend (-0.2%) and difficulties in...

USD/CHF declines from the highest in nearly six weeks. 61.8% of Fibonacci retracement acts as immediate support. Monthly trend line resistance limits nearby upside. USD/CHF takes U-turn from one-month-old resistance line while trading around 0.9965 amid the initial trading session on Tuesday. Given the gradual pullback in the 14-bar Relative Strength Index (RSI) from the overbought conditions, prices might witness additional downside. In doing so, 61.8% Fibonacci...

Former Malaysian leader Najib Razak’s third corruption trial opened earlier this month. He faces multiple corruption charges linked to the looting of the 1MDB fund, a scandal that contributed to his election defeat last year. Two bankers who worked at Coutts private bank in Zurich were fined by the Swiss authorities for failing to report suspicious transactions linked to the sovereign wealth fund 1MDB scandal, it was reported on Sunday. The Sonntag Zeitung and Le...

Patek Philippe’s steel Grandmaster Chime comes with a reversible dial plate, which can be seen here A CHF640 ($645) bar of chocolate is a sign of either the end of civilisation or a healthy market economy. Whatever your view, Switzerland holds several world records when it comes to expensive goods. “As the hammer came down on $31 million (CHF30.6 million), the audience leapt as one to its feet, erupting in wild cheering and thunderous applause,” the Financial Times...

Physics students study mechanical systems in which pulleys are massless and frictionless. Economics students study monetary systems in which rising prices are everywhere and always caused by rising quantity of currency. There is a similarity between this pair of assumptions. Both are facile. They oversimplify reality, and if one is not careful they can lead to spectacularly wrong conclusions. And there are two key differences. One, in physics, students know that...

Swiss Franc The Euro has risen by 0.18% to 1.0997 EUR/CHF and USD/CHF, November 25(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The combination of the victory of the pro-democracy movement in Hong Kong and an apparent concession by China on intellectual property rights is helping bolster risk appetites to start the week. Equities are higher. Hong Kong’s Hang Seng led Asia Pacific equities with a 1.5% gain,...

USD/CHF pulls back from six week high. Falling trend line since early October, 200-day SMA keeps buyers hopeful. An upside beyond mid-October high could escalate pair’s run-up towards the previous month high. USD/CHF fails to hold the recent trend line breakout while declining to 0.9970 during early Monday. Even so, the quote stays beyond a multi-week-old falling support-line, at 0.9960, while also trading above 200-day Simple Moving Average (SMA) level of 0.9948. As...

Our scenario of ongoing global growth moderation and elevated political uncertainties should, we believe, support defensive currencies. We consider a currency ‘defensive’ if it is likely to remain resilient should global risk appetite falter. Among major currencies, the US dollar, the Japanese yen and the Swiss franc are usually considered as defensive. Indeed, the structural current account surplus and large net foreign assets of both Japan and Switzerland make...