KOF Economic Barometer Stabilises at a High Level
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Author: KOF Zurich
Categories: Swiss and European Macro
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In February 2018, the KOF Economic Barometer rose by 0.4 points to a new reading of 108.0. After the previous month’s decline, it thus stabilised its position on a level clearly above its long-term average. This indicates that in the near future the Swiss economy should continue to grow at rates above average.
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A Giant Ouija Board – Precious Metals Supply and Demand Report
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Author: Keith Weiner
Categories: Gold and its Price
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Keith Weiner’s weekly look on Gold. Gold and silver prices, Gold-Silver Price Ratio, Gold basis and co-basis and the dollar price, Silver basis and co-basis and the dollar price.
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FX Daily, February 28: It Takes Powell to Convince the Market that Yellen was Right
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Author: Marc Chandler
Categories: FX Trends
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Many market participants think they heard Fed Chair Powell give a fairly strong signal that he favored a more aggressive course. The implied yield on the December Eurodollar futures rose five basis points to 1.535%. The December Fed funds futures contract rose three basis points.
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Great Graphic: Has Position Adjustment Begun in Treasury Futures?
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Author: Marc Chandler
Categories: FX Trends
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This Great Graphic from Bloomberg shows the net large speculative positioning in the 10-year note futures over the past five years. They began last year with a huge next short position of more than 400k contracts.
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Swiss Sugar Industry Calls for Action as Prices Crumble
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Author: Swissinfo
Categories: Swiss Markets and News
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The Swiss sugar industry is facing stiff competition from Europe and is calling for political measures to save the industry. At a press conference in Bern on Friday, industry representatives warned that the scrapping of European quotas had flooded the Swiss market with cheap European products.
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New Home Sales (Predictably) Fall Out of the Boom, Too
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Author: Jeffrey P. Snider
Categories: The United States
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New home sales were down sharply again in January 2018. For the second straight month, the level of purchase activity fell substantially despite what are otherwise always described as robust or even booming economic conditions. Like the sales of existing homes, the sales of newly constructed units should be both moving upward as well as being significantly more than stuck at this low level.
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