Tag Archives: SNB sight deposits

Update January 10, 2021:  Sight Deposits have risen by +1.9 bn CHF, this means that the SNB is intervening and buying Euros and Dollars. We had finally arrived in the inflation scenario I was speaking about before. Inflation is the period, when both the Swiss franc and gold must go up. BUT : U.S. CPI is at 5%, at the highest value since the year 1990 (excluding one outlayer in Summer 2008). But European inflation has gone down to 1.9%., In...

The increasing volatility of SNB Earnings Annual results are not really definite. Given that the SNB accumulates foreign currencies with interventions, they have huge swings. But the SNB may lose 50 billion in one year and win 60 billion in the next year or vice verse. Low Inflation, Crashes and Central Bank Money Printing The crisis caused by the Covid19 virus,is a typical crisis with low inflation (at least for now). During such a crisis, central bank money...

Update September 20 2021: SNB Selling Dollars and Euros Sight Deposits have fallen: The change is -0.2 bn. compared to last week, this means the SNB is selling euros and dollars. We had finally arrived in the inflation scenario I was speaking about before. Inflation is the period, when both the Swiss franc and gold must go up. BUT : U.S. CPI is at 5%, at the highest value since the year 1990 (excluding one outlayer in Summer 2008). But European...

Update March 29 2021: SNB selling euros and dollars Sight Deposits have fallen: The change is -0.2 bn. compared to last week, this means the SNB is selling euros and dollars. Speculative Positioning: Speculators are long CHF against USD. Since March 13, they have shifted to a long EUR position against USD. The following shows the recent developments. Sight Deposits, i.e. SNB interventions FX rates Speculative positions CHF: Since April, speculators...

The increasing volatility of SNB Earnings Annual results are not really definite. Given that the SNB accumulates foreign currencies with interventions, they have huge swings. But the SNB may lose 50 billion in one year and win 60 billion in the next year or vice verse. Low Inflation, Crashes and Central Bank Money Printing The crisis caused by the Covid19 virus,is a typical crisis with low inflation (at least for now). During such a crisis, central bank money...

The increasing volatility of SNB Earnings Annual results are not really definite. Given that the SNB accumulates foreign currencies with interventions, they have huge swings. But the SNB may lose 50 billion in one year and win 60 billion in the next year or vice verse. Franc will rise again with crisis or inflation With a new financial crisis or a with a big rise of inflation, the run into the Swiss franc will start again. Deflationary period (e.g. Corona Crisis)...

The increasing volatility of SNB Earnings Annual results are not really definite. Given that the SNB accumulates foreign currencies with interventions, they have huge swings. But the SNB may lose 50 billion in one year and win 60 billion in the next year or vice verse. Good years of the Credit Cycle This trend was stopped in 2016, even without the need for a cap on the franc. But one should consider that we are in the good years of the credit cycle now. Bad quarters...

The increasing volatility of SNB Earnings Annual results are not really definite. Given that the SNB accumulates foreign currencies with interventions, they have huge swings. But the SNB may lose 50 billion in one year and win 60 billion in the next year or vice verse. Good years of the Credit Cycle This trend was stopped in 2016, even without the need for a cap on the franc. But one should consider that we are in the good years of the credit cycle now. Bad quarters...

The increasing volatility of SNB Earnings Annual results are not really definite. Given that the SNB accumulates foreign currencies with interventions, they have huge swings. But the SNB may lose 50 billion in one year and win 60 billion in the next year or vice verse. Good years of the Credit Cycle This trend was stopped in 2016, even without the need for a cap on the franc. But one should consider that we are in the...

The increasing volatility of SNB Earnings Annual results are not really definite. Given that the SNB accumulates foreign currencies with interventions, they have huge swings. But the SNB may lose 50 billion in one year and win 60 billion in the next year or vice verse. Good years of the Credit Cycle This trend was stopped in 2016, even without the need for a cap on the franc. But one should consider that we are in the...