Category Archive: 1) SNB and CHF
SNB Survey: 2016 Foreign Exchange Turnover
This press release presents the results for a Swiss National Bank (SNB) survey on turnover in foreign exchange and derivatives markets. The request for data was sent to 30 banks that operate in Switzerland and have a sizeable share in the foreign exchange and over-the-counter (OTC) derivatives markets. These banks reported the turnover of their domestic offices.
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SNB Balance Sheet Now Over 100 percent GDP
Since 2008 the balance sheet of the Swiss National Bank has risen from 28% to 102% of Swiss GDP. Balance sheets of other central banks have strongly risen, too. But there is one big difference: The risk for the SNB is far higher, the SNB nearly exclusively possesses assets denominated in volatile foreign currency.
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Wir wollen nicht in die EU. Stoppt diese SNB!
Politischen Druck auf die SNB hält Wirtschaftsprofessor Aymo Brunetti für „fatal in einer derart schwierigen Situation“. Dabei macht die SNB Politik, sie führt die Schweiz in den Euro.
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Interim results of the Swiss National Bank as at 30 June 2016
The Swiss National Bank (SNB) reports a profit of CHF 21.3 billion for the first half of 2016. A valuation gain of CHF 7.6 billion was recorded on gold holdings. The profit on foreign currency positions amounted to CHF 13.0 billion.
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Why Switzerland’s franc is still strong in four charts
Swiss National Bank President Thomas Jordan keeps saying the franc is “significantly overvalued.” And that’s despite the central bank’s record-low deposit rate and occasional currency market interventions.
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666: The Number Of Rate Cuts Since Lehman
BofA's Michael Hartnett points out something amusing, not to mention diabolical: following the rate cuts by the BoE & RBA this week, "global central banks have now cut rates 666 times since Lehman."
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“Mystery” Buyer Revealed: Swiss National Bank’s US Stock Holdings Rose 50 percent In First Half, To Record $62BN
In a month, quarter and year, in which many have scratched their heads trying to answer just who is buying stocks, as both retail and smart money investors have been aggressively selling, yesterday we got the answer.
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Swiss National Bank’s U.S. equity holdings hit record $61.8 billion last quarter
The value of the Swiss National Bank’s U.S. stock portfolio jumped to a record in June, helped by equity market gains. The holdings climbed to $61.8 billion from $54.5 billion at the end of March, according to calculations by Bloomberg based on the central bank’s regulatory filing to the U.S. Securities and Exchange Commission and published on Wednesday.
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Switzerland has world’s priciest Big Macs. So eat Swiss chocolate instead.
The Economist invented the Big Mac index in 1986 as a tongue-in-cheek guide to currency valuations. Because the well-known burger is the same throughout much of the world, the magazine thought it could be used as a measure of how over or undervalued a currency was. An overpriced burger suggests an overvalued currency and a cheap one an undervalued currency.
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Greenspan explains negative Swiss Yields
For Alan Greenspan, negative Yield Reflect Spread between Italian and Swiss Bonds. For him, bond prices in general have risen too much.
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The relationship between CHF and gold
Many people think that Switzerland is related to gold due to its inflation-hedging safe-haven status. Historically this is true. With rising U.S. inflation in the 1970s gold appreciated to record-highs. So did the German Mark and even more the Swiss franc, that maintained low inflation levels.
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CHF Price Movements: Correlations between CHF and the German Economy
A big part of Swiss consumption is imported from Germany. Therefore Swiss inflation is often correlated to German inflation. Capital flows often move to Switzerland and Germany at the same time.
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Spiritus rector des kranken Bonussystems ist Oswald Grübel
97 Franken – das war der Kurs der CS-Aktie im Mai 2007. Vergangene Woche notierte die Aktie noch bei einem Zehntel. Bei einem solch dramatischen Kurszerfall muss die CS sich nicht wundern, wenn kritische Fragen gestellt werden. Weshalb beträgt der aktuelle Wert der CS-Titel nur noch rund die Hälfte des in der Bilanz ausgewiesenen? Besteht die Gefahr eines Konkurses der CS? Wer wird dieses Too Big To Fail-Institut allenfalls retten? Die SNB, der...
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Swiss Franc Trade-Weighted Index, Performance Far Worse than Dollar Index
On a three years interval, the Swiss Franc had a weak performance. The dollar index was far stronger.
Contrary to popular believe, the CHF index gained only 1.73% in 2015. It lost 9.52% in 2014, when the dollar strongly improved.
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Im Goldlager – Dans les entrepôts – Inside the gold vault – Nel deposito aureo
Diese Filmsequenz gehört zum Thema “Alles über unser Geld” des Informationsangebots “Unsere Nationalbank”. Sie erlaubt einen Einblick ins Goldlager der Nationalbank. Ce film illustre le thème “Tout savoir sur l’argent” traité dans le cadre de “Notre Banque nationale”. Il permet de découvrir les locaux de stockage de l’or de la Banque nationale. This short film, …
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Einblick in die GV 2016 – AG 2016 – Behind-the-scenes look at the 2016 GM – Uno sguardo all’AG 2016
Diese Filmsequenz gehört zum Thema “Das ist die Nationalbank” des Informationsangebots “Unsere Nationalbank”. Sie gibt einen Einblick in die Generalversammlung der Nationalbank. Ce film illustre le thème “A la découverte de la Banque nationale” traité dans le cadre de “Notre Banque nationale”. Il donne un bref aperçu de l’assemblée générale de la Banque nationale. This …
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Die Nationalbank bei der geldpolitischen Lagebeurteilung (Mediengespräch vom Dezember 2015)
Diese Filmsequenz gehört zum Thema “Die Bedeutung der Preisstabilität” des Informationsangebots “Unsere Nationalbank” und zeigt die Verkündigung des geldpolitischen Entscheids durch Thomas Jordan, Präsident des Direktoriums, am 10. Dezember 2015.
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Einblick ins Repogeschäft
Diese Filmsequenz gehört zum Thema “So wird die Geldpolitik umgesetzt” des Informationsangebots “Unsere Nationalbank”. Er zeigt, wie das Repogeschäft der Nationalbank funktioniert.
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