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SNB Sight Deposits Rise by 2 Bln. Francs, M3 by 10 Bln., Week January 21

swiss m1 vs. gdp and credit 2008-2012

Swiss M1 vs. GDP and Credit 2008-2012 - Click to enlarge

While FX traders and some hedge funds go long the EUR/CHF, sight deposits show a completely different picture. Sight deposits at the SNB rise by 2 bln. francs (see details) in one week, M1 by 1.5%, M3 by nearly 10 bln. (nearly 2%) francs in one single month (see details). In normal circumstances this would imply upcoming SNB rate hikes (see explanation).


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George Dorgan
George Dorgan (penname) predicted the end of the EUR/CHF peg at the CFA Society and at many occasions on 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.
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