Category Archive: 1) SNB and CHF

While the focus was on Powell Tuesday there were also remarks from the ECB and SNB

Swiss National Bank Chair Jordan threatened FX intervention! A couple of posts from Tuesday ICYMI while Powell was hogging the spotlight: ECB Knot: ECB can be expected to keep raising rates for quite some time after March ECB can be expected to keep raising rates for quite some time after March And, SNB Chairman: We cannot rule out that we will have to tighten monetary policy again We can use interest rates but also sell foreign...

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Wie viele Arbeitsjahre bis zur Traumwohnung notwendig sind

Viele Menschen in der Schweiz können sich Wohneigentum nicht leisten. Und wer es kann, muss länger sparen als früher.

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SNB dumps FANGS. Should You?

John Rubino and Patrick Highsmith of Firefox Gold return as guests on this week’s program. The Swiss National Bank (SNB) loaded up on some of the largest cap stocks in the world like MSFT, GOOG, AMZN, TSLA, XOM and many more in order to weaken the Swiss francs vis-a-vis the Euro and the Dollar.  

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2023-02-16 – Markus K. Brunnermeier to hold the 2023 Karl Brunner Distinguished Lecture

The Swiss National Bank has named Markus K. Brunnermeier as the next speaker for its Karl Brunner Distinguished Lecture Series. Markus K. Brunnermeier is Professor of Economics at Princeton University and also Director of the Bendheim Center for Finance. His research focuses on the interaction between financial markets and the macroeconomy.

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14R day shorting GBP and USD/CHF, oil was a setup

In this video I showcase the setups for selling into built-up longs in the NY session in cable and USD/CHF using SB strategy and an indicator template that I'm working on with rules...work in progress.

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Rekordzahlen ZKB: Das sagt die Kantonalbank zum CS-Effekt

Die Zürcher Kantonalbank profitierte von der Krise der CS und machte im vergangenen Jahr Rekordgewinne. Das sagt die ZKB-Führung dazu.

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The most critical questions about the Swiss central bank’s huge losses

The Swiss National Bank (SNB) booked a CHF132 billion ($143 billion) loss in 2022 and suspended profit-sharing transfers to the Confederation and cantons. What does that mean exactly? And how does the SNB fare in international comparison?  Fabio Canetg More from this author Last year, the SNB lost more money than ever before. And it is not alone: central banks around the world also recorded heavy losses. As a...

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Die Schweizerische Nationalbank wird zur Devisenverkäuferin

Während die Schweizerische Nationalbank zur Schwächung des Frankens lange Zeit Fremdwährungen gekauft hatte, ist seit einigen Monaten das Gegenteil der Fall. Die Hintergründe.

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Why can’t the Swiss National Bank go bankrupt?

The Swiss National Bank (SNB) will make a loss of CHF132 billion in 2022, and distribution of profits to the confederation and the cantons will be suspended. What does this mean for the stability of the SNB and what would happen if it faces another large loss?

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Swiss-Life-Ökonomen erwarten nur noch wenige Zinsschritte

Das meinen die Ökonomen des Versicherungskonzerns Swiss Life und sagen deshalb für die USA, die Eurozone und die Schweiz nur noch leichte Zinserhöhungen voraus. Konkret erwartet Swiss-Life-Asset-Managers-Chefökonom Marc Brütsch von der Schweizerischen Nationalbank (SNB) im Frühling nur noch eine Erhöhung des Leitzinses um 0,25 Prozentpunkte auf 1,25 Prozent. Danach sei Schluss.

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Swiss central bank posts record CHF132 billion loss for 2022

The Swiss National Bank (SNB) has posted an annual loss of CHF132 billion ($143 billion) for 2022, the biggest in its 115-year history. “The loss on foreign currency positions amounted to around CHF131 billion and the loss on Swiss franc positions was around CHF1 billion. A valuation gain of CHF400 million was recorded on gold holdings,” the SNB said in a statement on Monday.

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Swiss balance of payments and international investment position: Q3 2022

In the third quarter of 2022, the current account surplus amounted to CHF 24 billion – a very high figure from a long-term perspective. This was attributable to the high surplus in goods trade and the relatively low deficits in services trade and in primary income. Compared to the same quarter of 2021, however, the increase in the current account balance (CHF 2 billion) was moderate because the basis for comparison was also high.

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Quarterly Bulletin Q4/2022

Report for the attention of the Governing Board of the Swiss National Bank for its quarterly assessment of December 2022. The report describes economic and monetary developments in Switzerland and explains the inflation forecast. It shows how the SNB views the economic situation and the implications for monetary policy it draws from this assessment.

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Thomas Jordan: Introductory remarks, news conference

Ladies and gentlemen It is my pleasure to welcome you to the news conference of the Swiss National Bank. I would also like to welcome all those who are joining us today online. After our introductory remarks, the members of the Governing Board will take questions from journalists as usual.

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Martin Schlegel: Introductory remarks, news conference

I am pleased to give you an assessment of current developments with regard to cash. Since June, after many years of strong growth, we have seen a significant decline in banknote circulation. To contextualise this decline of approximately 10%, let me first say a few words about the above-average growth in recent years.

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Andréa M. Maechler: Introductory remarks, news conference

In my remarks, I will talk in more detail about the implementation of today’s monetary policy decision, which Thomas Jordan has already touched on. I will start, however, by giving you an overview of how we have steered interest rates since the switch to a positive SNB policy rate in September.

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Monetary policy assessment of 15 December 2022

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Börsen-Ticker: Wall Street nach Fed-Zinsentscheid erneut im Minus – Schweizer Börse legt dank Indexriesen Nestlé und Novartis zu

Der SMI fällt 0,40 Prozent auf 11'091,93 Punkte. Vor der am Abend erwarteten Zinsentscheidung der US-Notenbank haben die Anleger einen Gang zurückgeschaltet. Die Freude von Vortag, als die Nachricht über den nachlassenden Inflationsdruck in den USA die Märkte angetrieben hatte, sei wieder der Vorsicht gewichen, heisst es in Börsenkreisen.

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Week Ahead: Highlights include Fed, US CPI; ECB, BoE, SNB, Norges Bank

MON: UK GDP Estimate (Oct), Chinese M2/New Yuan Loans (Nov).TUE: OPEC MOMR; BoE Financial Stability Report; German CPI Final (Nov), UK Unemployment Rate (Oct)/Claimant Count (Nov), EZ ZEW (Dec), US CPI (Nov), Japanese Tankan (Q4), New Zealand Current Account (Q3).WED: FOMC Policy Announcement, IEA OMR; UK CPI (Nov), Swedish CPIF (Nov), EZ Industrial Production (Oct), US Export/Import Prices (Nov), Japanese Exports/Imports (Nov).THU: ECB, BoE,...

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Issuance calendar for Confederation bonds and money market debt register claims in 2023

The Swiss National Bank (SNB) and the Federal Finance Administration (FFA) advise as follows: The FFA plans to issue bonds with a face value of CHF 8 billion in 2023. Taking account of bonds maturing in 2023, the volume of bonds outstanding will increase by CHF 3.4 billion.

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