Category Archive: 1.) Forex Live Based CHF SNB

SNB’s Jordan: Swiss franc remains highly valued

Foreign exchange market remains fragile. Negative rates, readiness for intervention still necessary. Danger of a worsening international situation remains large. Imbalances in Swiss real estate market still persist.

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The CHF is the strongest, while the GBP is the weakest as NA traders enter for the day

Well...maybe some NA tradersThe US has a partial holiday with the bond market closed but the US stock markets open. Canada is off for Thanksgiving. So North American traders entering for the day, may be a little stretch today. However, the forex market is open. The CHF is the strongest as some of the euphoria from the events of last week (Brexit hope and China/US) fade and there is a flight into the safety of the CHF (and JPY).

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SNB leaves policy rate unchanged at -0.75 percent

SNB announces its latest monetary policy decision - 19 September 2019. Sight deposits rate unchanged at -0.75%Willing to intervene and will remain active in FX market as necessaryExpansionary monetary policy continues to be necessary.

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Morgan Stanley forecasts a surprise 25 basis point cut from the SNB

The Swiss National Bank needs to respond to the strong currency and lower rates from the ECB, according to Morgan Stanley. The consensus for Thursday's meeting is no change from -0.75% but Morgan Stanley and UBS are two firms that are forecasting a surprise 25 bps cut.

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CHF is ‘not strong in real terms’ – no need for SNB intervention

A note from Standard Chartered on the Swiss National Bank and the Swiss franc. The SNB monetary policy meeting is next week, September 19.In brief, Stan Chart argue the franc is not strong in real termsadjusting EUR/CHF for inflation leaves CHF around 10% weaker than (non-adjusted) current spotno need for SNB to intervene to try to weaken ittherefore the SNB is not likely to cut rates at their meeting, nor intervene in forex markets in the near...

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Uptick in site deposits puts the spotlight on SNB intervention in the franc

Has the SNB started to intervene. The weekly site deposit data from the Swiss National Bank showed a small uptick but with some perspective, it's a notable turn. Bloomberg highlights the bump and what looks like a bid to keep EUR/CHF above 1.10.

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