Category Archive: 1) SNB and CHF

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Weak CHF during the Fat Years of the Joseph Cycle

In December 2015, the seven year Joseph cycle ended with a Fed rate hike. These lean years of the Joseph cycle started in December 2008 when the Fed lowered rates to the current level. We think that in the next seven year cycle, even the risk-averse Swiss investors will buy more foreign assets, not only the central bank and speculators. Different crises have passed in the three parts of the world, the U.S. subprime, the euro crisis and the Emerging...

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The Swiss National Bank Doubled Its Apple Holdings in 2015

In the spring of 2015 we showed something unexpected: one of the biggest buyers, and holders, of AAPL stock was none other than the already quite troubled - in the aftermath of its disastrous Swiss Franc peg which ended up costing it tens of billions...

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How Low Can The Bank Of Japan Cut Rates? Ask Gold

2016-02-03

by Tyler Durden

2016-02-03

As we noted last night, in what was the second clear example of sheer desperation by the Bank of Japan, the central banker formerly known as Peter Pan for his on the record belief that "he should fly", and as of this morning better known as Peter Pan...

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Gerald Celente: Get Prepped For Global Systemic Collapse

2016-02-02

by Sprott Money

2016-02-02

Gerald Celente: Get Prepped For Global Systemic Collapse Posted with permission from Rory Hall, The Daily Coin (CLICK FOR ORIGINAL) More ridiculous predictable market action today. The worse things become in the real world the more franti...

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Switzerland Was Right to Scrap Its Franc Cap, Economists Say

2016-02-01

by Catherine Bosley

2016-02-01

The Swiss National Bank’s surprise decision a year ago to remove its ceiling on the franc was justified, according to the vast majority of economists in Bloomberg’s monthly survey. The SNB abandoned the cap on Jan. 15 of last year, saying interventions to sustain it would have been out of proportion to its economic advantages. With the benefit of 12 months of hindsight, all but two of 23 economists answered that the move was indeed right.

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“Time To Panic”? Nigeria Begs World Bank For Massive Loan As Dollar Reserves Dry Up

2016-01-31

by Tyler Durden

2016-01-31

Having urged "don't panic" just 4 short months ago, it appears Nigeria just did just that as the global dollar short squeeze forces the eight-month-old government of President Muhammadu Buhari to beg The World Bank and African Development Bank for $3...

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Sweden Refugee

2016-01-31

by Tyler Durden

BoJ Adopts Negative Interest Rates, Fails To Increase QE

2016-01-29

by Tyler Durden

2016-01-29

Well that did not last long. After initial exuberance over The BoJ's wishy-washy decision to adopt a 3-tiered rate policy including NIRP, markets have realized that without further asset purchases (which were maintained at the current pace), there is...

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Swiss Franc Plunges To One-Year Lows Amid SNB Intervention Chatter

2016-01-26

by Tyler Durden

2016-01-26

With the biggest drop in 3 months, EURCHF has broken above last September's highs, plunging below 1.06. Amid chatter of SNB intervention, this is the weakest Swissy has been since the removakl of the ceiling a year ago. EURCHF reached 1.10592... ...

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Square Holes And Currency Pegs

2016-01-23

by Tyler Durden

2016-01-23

Submitted by Raul Ilargi Meijer via The Automatic Earth blog, When David Bowie died, everybody, in what they wrote and said, seemed to feel they owned him, and owned his death, even if they hadn’t thought about him, or listened to him, for years....

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Matías Salord: Trading USDCOP, USDMXN y USDCLP

2016-01-22

by Matías Salord

Fecha de emisión: 03 agosto 2015. Ponente: Matías Salord. En esta sesión semanal, nuestro analista Matías Salord les hablará del panorama económico y del mercado de las principales divisas de Latinoamérica, haciendo especial hincapié en el análisis de cotizaciones, indicadores económicos y contexto.

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Cashin Fed

2016-01-15

by Tyler Durden

Global Risk Off: China Reenters Bear Market, Oil Tumbles Under $30; Global Stocks, US Futures Gutted

2016-01-15

by Tyler Durden

2016-01-15

"We're gonna need a bigger Bullard" - overheard on a trading desk this morning. Yesterday, when looking at the market's "Bullard 2.0" moment, which was a carbon copy of the market's kneejerk surge higher response to Bullard's "QE4" comments fr...

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ISIS Bank Bombed

2016-01-13

by Tyler Durden

Submitted by Simon Black via SovereignMan.com, Switzerland is famous for being punctual. The trains. The buses. The meticulously crafted, hand polished luxury watches. The Swiss are so culturally punctual that they even tend to pay their taxes well i...

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Nigerian Currency Collapses After Central Bank Halts Dollar Sales To Stall “Hyperinflation Monster”

2016-01-12

by Tyler Durden

2016-01-12

Having told banks and investors "don't panic" in September, amid spiking interbank lending rates and surging default/devaluation risks, it appears the massive shortage of dollars that we warned about in December has washed tsunami-like ashore in oil-...

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SNB-Präsident Thomas Jordan: Interview 1 Jahr nach Mindestkurs-Ende

2016-01-12

by Thomas Jordan

Vor einem Jahr erschütterte ein Währungsbeben die Schweizer Wirtschaft: Völlig überraschend hob die Schweizerische Nationalbank den Mindestkurs zum Euro auf. Vor allem für die Exportwirtschaft war dies ein riesiger Schock, auf einen Schlag wurden die Anstrengungen vieler Firmen zunichte gemacht, trotz starkem Franken im Euro-Raum wettbewerbsfähig zu bleiben. Entsprechend scharf werden bis heute die Nationalbank …

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Why The Powerball Jackpot Is Nothing But Another Tax On America’s Poor

2016-01-12

by Tyler Durden

2016-01-12

Now that the Powerball Jackpot has just hit a record $1.4 billion, people, mostly those in the lower and middle classes, are coming out in droves and buying lottery tickets with hopes of striking it rich. After all, with $1.4 billion one can ...

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