Previous post Next post

SNB Sight Deposits Rise by 100 Million CHF, Week January28

While FX traders and some hedge funds are long EUR/CHF and some short covering happened, sight deposits show a different picture. They rise again, this time with 100 million francs (see details) in one week. Risk-off investors are not convinced yet that the euro crisis is finished, while other investors keep being invested in francs in order to profit of the rising SMI and Swiss real estate prices. The SMI has risen from levels of 7000 to 7600 since new year, while the usually correlated German DAX gained only 100 points.

SMI vs DAX January 2013

(click to expand) SMI rises far more strongly than DAX

George Dorgan
George Dorgan (penname) predicted the end of the EUR/CHF peg at the CFA Society and at many occasions on SeekingAlpha.com and on this blog. Several Swiss and international financial advisors support the site. These firms aim to deliver independent advice from the often misleading mainstream of banks and asset managers. George is FinTech entrepreneur, financial author and alternative economist. He speak seven languages fluently.
Previous post See more for Newsfeed Next post
Tags: ,,,,

Permanent link to this article: https://snbchf.com/2013/01/snb-sight-deposits-january-28/

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>