Category Archive: 1) SNB and CHF

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Weekly Sight Deposits and Speculative Positions: Stronger SNB interventions at more expensive EUR

2017-01-16

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2017-01-16

EUR/CHF slightly above the “in-official minimum band” of 1.0680 – 1.07. SNB intervenes for 1.7 bn at higher EUR/CHF rate. Speculators are net short CHF with 14K contracts against USD.

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How Derivatives Markets Responded to the De-Pegging of the Swiss Franc

2017-01-13

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2017-01-13

bank of england
In a Bank of England Financial Stability Paper, Olga Cielinska, Andreas Joseph, Ujwal Shreyas, John Tanner and Michalis Vasios analyze transactions on the Swiss Franc foreign exchange over-the-counter derivatives market around January 15, 2015, the day when the Swiss National Bank de-pegged the Swiss Franc. From the abstract.

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Trump CNN

2017-01-11

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Swiss Franc exchange rates receive double boost from UK uncertainty

2017-01-10

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2017-01-10

GBP/CHF - British Pound Swiss Franc, January 10
The Pound has had its worst day in two months yesterday, with exchange rates against most of its major currencies now reaching a two month low, and Swiss Franc exchange rates reaching down to the much dearer end of the 1.20’s once more.

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SNB announces 24 bn CHF profit for 2016 thanks to rising stock markets.

2017-01-09

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2017-01-09

2016 Profit and Loss Swiss National SNB, US Dollar, Canadian Dollar, Japanese Yen, British Pound, FX rates for USD, JPY, EUR, GBP in 2016 with base currency CHF
The Swiss National Bank has announced 24 bn profits from 2016. Profits came from the dollar, yen and Canadian dollar, while the pound retreated by 15%. The EUR/CHF is only slightly weaker, mostly because the SNB actively supported the euro.

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Weekly Sight Deposits and Speculative Positions: SNB Intervenes, Speculators Short CHF again

2017-01-09

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2017-01-09

Euro/Swiss Franc FX Cross Rate, January 09
EUR/CHF at the "in-official minimum band" of 1.0680 to 1.07. SNB intervenes for 0.7 bn CHF to keep the euro slightly over 1.07. Speculators are net short CHF with 13K contracts against USD, 3K more than last week. This is still far from the post financial crisis record of 26 K contracts. Moreover the net short GBP are increasing again.

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Risk Reward Analysis for Financial Markets

2017-01-08

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2017-01-08

Stock Market Crash 1929
We focus this video regarding the potential upside for stocks versus the considerable downside risk for investors. All Technical Analysis is flawed and backward looking, it is a Critical Thinking flaw to extrapolate the future from the most recent past. I want to know the next market move, and not still be stuck on the most recent market move. And the most important fact of all is valuations, stocks are in a bubble right now due to Central Banks...

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Weekly Sight Deposits and Speculative Positions: SNB Intervenes, Speculators Short CHF again

2017-01-03

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2017-01-03

Euro/Swiss Franc FX Cross Rate, January 03
Last week's data: FX: EUR/CHF was between 1.07 and 1.0750. SNB sight deposits: SNB intervenes for 0.7 bn. CHF at the EUR/CHF 1.07 level. CHF Speculative Positions Speculators went net short CHF with 10K contracts, this is still far from the 26.K contracts record.

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Weekly Sight Deposits and Speculative Positions: SNB intervenes, while Speculators go Long CHF

2016-12-27

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2016-12-27

Euro/Swiss Franc FX Cross Rate
The Fed has hiked rates and with this fait accomplis speculators sold the news. They closed their short CHF and opened new CHF longs. The SNB, however, intervened again for 0.5 billion CHF.

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Swiss Financial Accounts, 2015 edition

2016-12-24

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2016-12-24

Balance Sheet of Households
This year, the Swiss financial accounts, which have been released by the Swiss National Bank since 2005, feature changes affecting both timeliness and presentation. For the first time, data on the financial accounts are now published within eleven months of the reference date, reducing time to publication by one year. Moreover, the balance sheet of households, previously the subject of the press release on household wealth, is now included in the...

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We Know How This Ends – Part 2

2016-12-23

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2016-12-23

History Most Definitely Rhymes
In March 1969, while Buba was busy in the quicksand of its swaps and forward dollar interventions, Netherlands Bank (the Dutch central bank) had instructed commercial banks in Holland to pull back funds from the eurodollar market in order to bring up their liquidity positions which had dwindled dangerously during this increasing currency chaos.

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Kosten eines Vollgeld-Systems sind hoch (Costly Sovereign Money)

2016-12-22

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2016-12-22

Niepelt Keystone
Eine Umsetzung der Vollgeld-Initiative würde grossen Schaden anrichten und dürfte im Ergebnis selbst die Initianten enttäuschen. Verbesserungen verspricht dagegen eine «sanfte» Reform: die Einführung von elektronischem SNB-Geld für alle.

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Swiss National Bank further strengthens provisions for currency reserves

2016-12-20

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2016-12-20

The Swiss National Bank uses a strange formula on the basis of economic growth for the provisions for FX losses. It would be much easier to connect this number to the size of the balance sheet, e.g. 10% of the balance sheet.

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Direct Investments in 2015

2016-12-20

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2016-12-20

Swiss direct investment abroad, Foreign Investment in Switzerland, Swiss subsidiaries abroad
Swiss direct investment abroad. Companies domiciled in Switzerland invested CHF 100 billion abroad, compared with disinvestment of CHF 1 billion the year before. Thus, Swiss direct investment abroad was significantly above the average for the past ten years. At CHF 54 billion, over half of the investment was made by finance and holding companies (2014: CHF 3 billion).

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Venezuela

2016-12-18

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SNB Monetary policy assessment December 2016 and Comments

2016-12-15

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2016-12-15

Conditional Inflation Forecast
The Swiss National Bank (SNB) is maintaining its expansionary monetary policy. Interest on sight deposits at the SNB is to remain at–0.75% and the target range for the three-month Libor is unchanged at between –1.25% and –0.25%. At the same time, the SNB will remain active in the foreign exchange market as necessary, while taking the overall currency situation into consideration.

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Mediengespräch – Conférence de presse – News conference – Conferenza stampa, 15.12.2016

2016-12-15

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Mediengespräch – Conférence de presse – News conference – Conferenza stampa, 15.12.2016 00:00 Einleitende Bemerkungen von Thomas Jordan, Präsident des Direktoriums der Schweizerischen Nationalbank – Remarques introductives de Thomas Jordan, président de la Direction générale de la Banque nationale suisse – Introductory remarks by Thomas Jordan, Chairman of the Governing Board of the Swiss National …

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Swiss banks probed at home over Brazil’s ‘Carwash’ bribe scandal

2016-12-14

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2016-12-14

Swiss frank
The Switzerland attorney general’s office is shifting its focus to banks operating in the country as it continues to investigate Brazil’s bribery scandal, after plea deals with individual executives provided fresh insights into how the illicit funds flowed through the financial system.

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Bewilligung der FINMA Versicherungsgesellschaft

2016-12-13

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Geschäftigkeit einer Versicherungsgesellschaft / Bewilligung der FINMA

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Swiss 10 year bond yields still negative, but approaching zero.

2016-12-12

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2016-12-12

Treasury Yields
The global bond rout returned with a bang, sending 10Y US Treasury yields as much as six basis points higher to 2.53%, the highest level in over two years. The selloff happened as oil prices surged by more than 5% following Saturday's agreement by NOPEC nations agreed to slash production, leading to rising inflation pressures. At last check, the 10Y was trading at 2.505%, up from 2.462% at Friday and on track for its highest close since September...

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