Category Archive: 1) SNB and CHF

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USD/CHF appreciates to near 0.8950 due to hawkish Fed, SNB Financial Stability Report eyed

2024-06-13

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2024-06-13

USD/CHF gained ground as FOMC left its benchmark lending rate in the range of 5.25%–5.50% on Wednesday. Powell stated, “We don't see ourselves as having the confidence that would warrant policy loosening at this time.” Swiss Franc may see limited downside as SNB is unlikely to implement a rate cut in June.

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Gold continues bearish tone on outlook for US interest rates

2024-06-11

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2024-06-11

Gold rolls over after retesting key resistance as the outlook for US interest rates remains elevated. This keeps the opportunity cost of holding non-yielding Gold high, making it less attractive to investors. Gold (XAU/USD) trades a quarter of a percent lower on Tuesday after being rejected by key support-turned-resistance at $2,315 late Monday. 

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SNB Sight Deposits: decreased by 2.2 billion francs compared to the previous week

SNB Sight Deposits vs. EUR/CHF
The sight deposits at the SNB decreased by 2.2 billion francs compared to the previous week.

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USD/CHF gains amid US labor market strength

2024-06-07

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2024-06-07

In Friday's session, the USD/CHF recovered surging above the 0.8965 mark. Strong Nonfarm Payroll data from the US propelled the USD across the board. US Treasury yields increased while the odds of a cut in September by the Fed slightly declined.

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Gold extends decline after US Nonfarm Payrolls beats expectations

2024-06-07

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2024-06-07

Gold price declines after the release of US Nonfarm Payrolls data for May, shows a higher-than-expected change in employment and wages.

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USD/CHF declined as the Greenback remains weak, defends the 20-day SMA

2024-05-28

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2024-05-28

USD/CHF took a dip in Tuesday’s session and fell to 0.9110. Despite the Consumer Confidence index in the US and Housing prices exceeding expectations, the USD remains weak. The Federal Reserve maintains a cautious stance, asking the market for patience, which keeps the odds for rate cuts in June or July low.

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USD/CHF stays above 0.9100 nearing the highs since October

2024-04-16

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2024-04-16

USD/CHF hovers below 0.9152, the highest since October reached on Monday. US Dollar strengthened as higher Retail Sales amplified expectations of the Fed prolonging higher policy rates. Swiss Franc faces challenges due to the likelihood of SNB implementing another rate cut in the June meeting.

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Canadian Dollar remains vulnerable after strong US Retail Sales

2024-04-15

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2024-04-15

Canadian Dollar gives away gains as USD bounces up following strong Retail Sales data. Investors’ concern that Middle East conflict might escalate provides additional support to the safe-haven US Dollar. Oil prices have depreciated nearly 3.5% from early April highs, adding negative pressure to CAD.

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Pound Sterling falls back as upbeat US Retail Sales strengthen US Dollar

2024-04-15

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2024-04-15

The Pound Sterling faces pressure as geopolitical tensions improve the appeal for safe-haven assets. UK’s employment and inflation data will influence speculation over BoE rate cuts.

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2024-04-09 – Martin Schlegel: Interest rates and foreign exchange interventions: Achieving price stability in challenging times

2024-04-09

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2024-04-09

For decades, the exchange rate has played a key role for the Swiss economy and for the Swiss National Bank's monetary policy.

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2024-04-08 – Thomas Jordan: Towards the future monetary system

2024-04-08

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2024-04-08

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Swiss Franc at risk as inflation diverges from SNB forecasts

2024-03-16

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2024-03-16

Swiss Franc is vulnerable as inflation data continues to undershoot official forecasts. The SNB expected inflation to average 1.9% in 2024 in its December forecast, but it currently sits at 1.2%. 

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EUR/CHF Price Analysis: Pullback possible amid mixed signals

2024-03-12

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2024-03-12

EUR/CHF has rebounded from the 0.9254 December 2023 lows and rallied up to resistance from a key barrier in the form of the 50-week Simple Moving Average (SMA). The pair is probably still in a long-term downtrend despite recent strength. 

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The Swiss National Bank vs. the Federal Reserve: The Fed’s Capital Losses in Perspective

2024-03-12

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2024-03-12

Switzerland’s central bank, the Swiss National Bank (SNB), lost $3.6 billion in 2023,  after a gigantic loss of $150 billion in 2022. But after booking these losses, and properly subtracting them from its capital, the SNB still had positive capital of over $70 billion.

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US Dollar enters fourth day of consecutive losses ahead of Powell testimony

2024-03-06

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2024-03-06

The US Dollar trades softer across the board on Wednesday. US Federal Reserve Chairman Jerome Powell is heading to Capitol Hill for his semi-annual testimony. The US Dollar Index snaps an important support, looking bleak ahead of the ECB decision and NFP data.

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Swiss Franc extends losses on Swiss interest rate outlook

2024-03-06

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2024-03-06

The Swiss Franc (CHF) edges lower against the US Dollar (USD) on Wednesday as traders continue to bet on a less-inflationary outlook for Switzerland, supporting a relatively low interest rate policy and dampening foreign capital inflows. 

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Vorwort des Buches « L’Humanité vampirisée ». Philippe Bourcier de Carbon (version Allemande)

2024-03-05

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2024-03-05

Philippe Bourcier de CarbonIngenieur der Hochschule Polytechnique, DemographGründungsvorsitzender von AIRAMA, « Internationale Allianz für die Anerkennung der Beiträge des Nobelpreisträgers Maurice Allais »

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USD/CHF Price Analysis: Trades back and forth around 0.8800

2024-02-27

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2024-02-27

USD/CHF trades sideways near 0.8800 as the focus shifts to US economic data. The Swiss economy is expected to have growth at a moderate pace of 0.1% in the last quarter of 2023. Fed policymakers support holding interest rates unchanged in the range of 5.25%-5.50%.

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EUR/CHF hits ten-week highs above 0.9550 as Franc continues to soften

2024-02-26

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2024-02-26

EUR/CHF up over 3% from December’s lows. ECB President Lagarde looks ahead to growth rebound. Swiss Franc is broadly weaker across the majors market.

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Sichtguthaben bei der SNB ziehen leicht an

2024-02-26

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2024-02-26

Die Einlagen von Bund und Banken lagen am 23. Februar bei 480,5 Milliarden Franken nach 477,1 Milliarden in der Woche davor, wie die SNB am Montag mitteilte. Das ist ein Anstieg um 3,4 Milliarden Franken.

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