Gold rebounds at the end of the week after the release of US PCE inflation data comes out lower than expected. The data suggests a continuation of the Fed's monetary easing stance which is a positive factor for Gold. Gold price retreats as less dovish interest rate prospects and a stronger US Dollar are bearish. Gold (XAU/USD) recovers to trade in the $2.660s per troy ounce on Friday after the release of US PCE inflation data fails to meet...
Read More »USD/CHF: Still remains in the month-long range between 0.84 and 0.8550 – DBS
The Swiss National Bank’s third interest rate cut did not push USD/CHF out of its month-long range between 0.84 and 0.8550, DBS’ FX analyst Philip Wee notes. SNB does not want EUR/CHF to find new lows “SNB lowered the policy rate by 25 bps to 1.00% and kept the door open for more easing in the coming quarters on its new forecast for inflation to decelerate to 0.6% in 2025 from 1.2% in 2024.” “In June, SNB projected a modest slowdown in...
Read More »USD/CHF Price Prediction: Unfolding down leg within range
USD/CHF is trading lower within a range formed since August. It is in a sideways trend and a decisive breakout would be required to give directionality. USD/CHF continues trading up and down within a range. It is probably in a sideways trend, which given the principle that “the trend is your friend” is likely to endure. USD/CHF 4-hour Chart USD/CHF is currently moving down within the range and it will probably reach at least as far as...
Read More »TELL me! – der Schweizer Trading Podcast: Das ist der Grund für die Euphory an den Märkten – Risk on: Bitcoin sagt wo es langgeht
TELL me! Episode 063 Der Schweizer Trading Podcast von finanzen.ch <script type="text/html" class="cmp-template" data-cmp-type="spotify"... [embedded content] Tags: Featured,newsletter
Read More »Economically-Illiterate Policy Proposals Are Popular, And Economists Are to Blame
What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order....
Read More »Against the Hamiltonian Statecraft
What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order....
Read More »Swiss SMEs do not expect AI-related job cuts
Swiss SMEs do not expect AI-related job cuts Keystone-SDA Listen to the article Listening the article Toggle language selector...
Read More »Switzerland remains ‘world’s most innovative country’
Switzerland remains the world's most innovative country, according to the UN Keystone-SDA Listen to the article Listening the article Toggle language selector...
Read More »What Does ChatGPT Know about Money?
Given the contentious topic of money and its influence on the world, I decided to see what ChatGPT “knows” about it. I was surprised by the breadth of its responses, as well as its information on free market positions, especially those of the Austrian school.Though my prompts (queries) were exactly as I present them here, ChatGPT was so expansive I had to edit its results due to article length restrictions. For emphasis and to mark subject headings ChatGPT frequently...
Read More »China’s Politburo Validates and Extends Pivot while the US Dollar Sees Yesterday’s Gains Pared
Overview: After its recent losses were extended, the dollar reversed higher in North America yesterday. Technically, this looks to have ended the sharp drop over the last couple of weeks, but there has been no follow-through gains today and a consolidative tone emerged. G10 currencies are firmer today, led by the recovery in the Antipodeans. The Swiss National Bank delivered the expected 25 bp rate cut, but the Swiss franc is up about 0.25%. Emerging market...
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