Category Archive: 1) SNB and CHF

Money for nothing – Swiss government gets paid to borrow

Imagine borrowing CHF 105,500 but only having to repay CHF 100,000 in 20 years time, including interest. You’d get an interest free loan plus an extra CHF 5,500 to keep. This is what the Swiss federal government will do on 20 December 2019, except it will borrow CHF 196.6 million by issuing zero interest bonds at a price of 105.5%. The government will generate a CHF 10.25 million windfall.

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Bank savers feel sting from negative interest rates

Swiss savers are being made to pay for global demand for the franc. The number of bank customers being charged negative interest rates on their deposits is on the rise – and shows no sign of reversing. The problem for domestic savers stems from the popularity of the Swiss currency. Amid economic uncertainty worldwide and a paucity of return on many investments, people have taken to dumping their assets in the solid franc.

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USD/CHF Technical Analysis: Forms bearish flag on hourly chart

USD/CHF sellers await confirmation of the bearish technical pattern. 200-hour EMA limits immediate upside. Following its heavy declines on Monday, USD/CHF trades near 0.9880 while heading into the European session on Tuesday. The pair forms a bearish flag on the hourly chart while staying near the pattern support by the press time.

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Weekly SNB Sight Deposits and Speculative Positions



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USD/CHF Technical Analysis: Sluggish below 100-DMA, 38.2 percent Fibonacci

USD/CHF declines for the second consecutive day. 50% Fibonacci retracement, October low could challenge sellers. An upside break of 0.9890 highlights 200-DMA, 23.6% Fibonacci retracement. USD/CHF extends the recent pullback while flashing 0.9870 as a quote during early Friday. The pair recently pulled back from 100-Day Simple Moving Average (DMA) and 38.2% Fibonacci retracement of August-October rise.

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SNB entbindet zwei Bilanzpositionen der Unterlegungspflicht

Die Schweizerische Nationalbank (SNB) passt die Nationalbankverordnung (NBV) mit Wirkung per Anfang 2020 leicht an. Neben der Anpassung diverser in der NBV verwendeter Begriffe und Anpassungen bei den statistischen Erhebungen im Anhang der NBV sind neu zwei Positionen bei der Berechnung der Mindestreserve nicht mehr massgeblich.

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USD/CHF Technical Analysis: 38.2 percent Fibonacci, 200-DMA doubt pullback from monthly low

USD/CHF recovers from four weeks’ low. 50% Fibonacci retracement level, October bottom restrict further downside. 200-DMA breakout will again highlight 1.0000 psychological magnet. USD/CHF seesaws around 0.9873 while heading into the European session on Wednesday. The quote dropped to the lowest since early November on Tuesday but pulls back off-late.

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Verpflichtungen der Anlagefonds sinken erstmals seit 2008

Sinkende Aktienkurse führten 2018 zu hohen Kapitalverlusten. (Bild: Shutterstock/Phongpan)Zwei Faktoren prägten 2018 die finanziellen Forderungen der privaten Haushalte: Einerseits führten sinkende Aktienkurse zu hohen Kapitalverlusten, andererseits erhöhten die privaten Haushalte ihr Finanzvermögen durch Transaktionen.

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USD/CHF hammered down to sub-0.9900 levels, 2-week lows

USD/CHF lost some additional ground for the second straight session on Tuesday. A subdued USD demand, stability in equity markets did little to provide any respite. Trump’s latest remarks opened the room for a further intraday depreciating move. The USD/CHF pair witnessed some follow-through selling on Tuesday and dropped to near two-week lows, below the 0.9900 handle in the last hour.

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2019-12-03 – Amendment of National Bank Ordinance

Changes due to entry into force of FinSA/FinIA andadjustments to minimum reserve requirements. The Swiss National Bank is amending the National Bank Ordinance (NBO). Various terms used in the NBO will be revised in connection with the entry into force of the Financial Services Act (FinSA) and the Financial Institutions Act (FinIA) as of 1 January 2020.

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USD/CHF ignores doubts over phase-one deal, stays around two-month high

USD/CHF focuses more on China’s official PMI-led optimism that the US-China tussle. A few second-tier Swiss data can offer intermediate moves ahead of the US statistics. Trade/political news will continue driving the markets in the case of strong headlines. With the most Asian markets up for Monday’s trading session, USD/CHF takes the bids to 1.0005 despite Axios conveying the news of delays in the US-China trade deal.

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Swiss Financial Accounts, 2018 edition

The financial assets of households were influenced by two factors in 2018: First, falling share prices led to high capital losses and, second, households grew their financial wealth through transactions. They increased their insurance and pension scheme entitlements, expanded their bank deposits and invested in securities. Overall, household financial assets fell slightly by CHF 14 billion to CHF 2,586 billion (down 0.6%) – the first decline in ten...

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USD/CHF Technical Analysis: Sellers focused on spinning top near multi-week high

USD/CHF declines after registering a bearish candlestick formation the previous day. Buyers look for sustained trading beyond 1.0000 psychological magnet. 200-day SMA can please sellers during further downside. USD/CHF drops to 0.9985 during the early trading session on Friday.

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Österreichs Notenbankchef: Geldpolitische EZB-Ziele auf den Prüfstand

Die Europäische Zentralbank (EZB) wird nach Aussagen des Gouverneurs der Oesterreichischen Nationalbank (OeNB) und EZB-Rats Robert Holzmann die geldpolitischen Ziele in den kommenden Monaten auf den Prüfstand stellen. "Alles steht zur Diskussion", sagte Holzmann am Montagnachmittag vor Journalisten in Wien.

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USD/CHF holds on to recovery gains ahead of Swiss ZEW numbers

USD/CHF takes the bids around monthly high. Optimism surrounding the US-China trade deal, global economy confront nearness to data. The US data, trade/political headlines could drive markets afterward. USD/CHF respects the previous day’s Doji formation, coupled with upbeat fundamentals, while taking the bids to 0.9980 ahead of Wednesday’s European session.

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USD/CHF Technical Analysis: 61.8 percent Fibo. on seller’s radar

USD/CHF declines from the highest in nearly six weeks. 61.8% of Fibonacci retracement acts as immediate support. Monthly trend line resistance limits nearby upside. USD/CHF takes U-turn from one-month-old resistance line while trading around 0.9965 amid the initial trading session on Tuesday.

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USD/CHF Technical Analysis: Immediate support trendline, 200-day SMA limit nearby declines

USD/CHF pulls back from six week high. Falling trend line since early October, 200-day SMA keeps buyers hopeful. An upside beyond mid-October high could escalate pair’s run-up towards the previous month high. USD/CHF fails to hold the recent trend line breakout while declining to 0.9970 during early Monday.

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USD/CHF Technical Analysis: 200-day SMA, 7-week-old trendline cap rise to 8-day high

Following its latest recovery, USD/CHF rises to the highest since the previous Tuesday. 200-day SMA and multi-week-old resistance line hold the key to pair’s run-up towards 1.0000 mark. 0.9870 can entertain short-term sellers. Based on its U-turn from 0.9870, the USD/CHF pair current takes the bids to the highest in eight-day while trading around 0.9940 during early Friday.

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OECD rechnet für 2020 mit höherem Wachstum in der Schweiz

Vor allem der Einfluss internationaler Sportereignisse wird das Wachstum des Bruttoinlandprodukts (BIP) im kommenden Jahr ankurbeln, erklärte die OECD. Entsprechend werde es 2021 wieder auf 1,0 Prozent zurückfallen. Für das laufende Jahr erwartet die OECD eine Zunahme des BIP um 0,8 Prozent.

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USD/CHF Technical Analysis: 5-week-old triangle can limit declines below 200-bar SMA

USD/CHF fails to extend uptick beyond 200-bar SMA, 50% Fibonacci retracement. The symmetrical triangle continues to favor sideways momentum. While failure to break 200-bar SMA and 50% Fibonacci retracement speaks loudly of the USD/CHF pair’s weakness, a month-old symmetrical triangle could restrict pair’s near-term moves.

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