Category Archive: Newsfeed

Nokia investment provides SNB 10 million profit

Recently we reported on SNB losses of 1.85 bil. CHF in just one day and on our estimate of 5 bil. CHF...

Former SECO Chief Economist: Switzerland Must Exit Peg in 2-3 Years

Aymo Brunetti, the former chief economist of the SECO, the Swiss national bureau of economy, says that Switzerland must exit the peg against the euro in two or three years time. This is in line with our analysis of

Credit Suisse and UBS Will Charge Negative Interests Above a Threshold

Credit Suisse and UBS will charge negative interests for cash clearing clients above a threshold. Last year such was worth 150 bps, this year on 28 bps.  

Swiss GDP rises by 0.6% in Q3 2012

According to the official SECO data, Swiss GDP rises by 0.6% in the third quarter 2012.  

SNB Sight Deposits Week November 23

Total sight deposits at the SNB rose by nearly 1 billion to 374 bn francs in the week ending on November 23th. “Other sight deposits”, the ones of foreign banks and Swiss companies, fell by one billion francs, but the ones of local institutes increased...

SNB Sight Deposits Week November 16

Total sight deposits at the SNB rose by 0.5 billion to a total of 373 bn. francs in the week ending on November 16th. "Other sight deposits", the ones of foreign banks and Swiss companies, fell by 600 million francs, but the ones of local institutes...

UBS Wealthy Clients and Hedge Funds Move into Shorts EUR/CHF

UBS wealthy clients and hedge funds are moving into shorts of EUR/CHF. The pressure on the SNB might become challenging. See more on

Steen Jakobsen, Chief Economist Saxo Bank, Followed Our Shorts on Gold and Bullishness on USD

Steen Jakobsen, chief economist of Saxo Bank followed our bullishness on US dollar and our shorts on golds and silver of the beginning of October when gold was trading around 1780. At the time, Steen was writing his column, we have already realized...

The Stock Market Performance Predicts that Romney Wins

An interesting correlation of stock markets performance in the month before the US presidential elections suggest that there will a change in party, hence Romney wins.

Peter Schiff Interviews Marc Faber

Peter Schiff Interviews Marc Faber. 

Jordan: Dropping Peg Is Premature

The Swiss National Bank's cap on the franc of 1.20 per euro remains the right policy tool for now and talk of dropping it is premature, Chairman Thomas Jordan said. See  
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