Category Archive: 1) SNB and CHF

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2023-11-09 – Thomas Moser: Implementing monetary policy with positive interest rates and a large balance sheet: First experiences

2023-11-09

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2023-11-09

In September 2022, the Swiss National Bank (SNB) raised its policy rate back into positive territory. At the same time, it adopted a new approach to implementing monetary policy in the money market. This approach employs two levers: the tiered remuneration of reserves, also referred to as reserve tiering, and reserve absorption.

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2023-11-09 – Martin Schlegel: A pillar of financial stability – The SNB’s role as lender of last resort

2023-11-09

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2023-11-09

As part of its contribution to the stability of the financial system, the Swiss National Bank acts as lender of last resort. In this role, it makes emergency liquidity assistance available to banks when, in crisis situations, they need substantial liquid funds which they are no longer able to obtain on the market.

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Pound Sterling skates on thin ice ahead of UK’s Q3 GDP data

2023-11-09

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2023-11-09

Pound Sterling struggles for a direction as investors shift focus to the Q3 GDP data.

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Karsten Junius: «Schweizer Aktien bieten das attraktivste Kurspotenzial»

2023-11-08

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2023-11-08

Auf welchem Pfad wird sich die Schweizerische Nationalbank (SNB) bewegen? Den Zinspeak haben wir auch in der Schweiz gesehen, selbst wenn Präsident Thomas Jordan jüngst noch einmal bekräftigt hat, dass die SNB die Zinsen falls nötig erneut erhöhen würde. Ich bin allerdings fest davon überzeugt, dass dies nicht der Fall sein wird.

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Weniger SNB-Zinsen: UBS entgehen wohl 135 Millionen Dollar Einnahmen

2023-11-03

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2023-11-03

Mit der verringerten Verzinsung von Sichtguthaben bei der Schweizerischen Nationalbank (SNB) dürften der UBS Einnahmen in Höhe von 135 Millionen Dollar entgehen.

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USD/CHF Price Analysis: Golden cross loom, bulls hopeful target 0.9100

2023-11-03

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2023-11-03

Share: USD/CHF finds support at 0.9010, with buyers lifting pair to 0.9057 in late North American session. 'Golden cross' formation of 50-day moving average crossing above 200-day moving average opens door for bullish resumption. Sellers must push prices below 0.9000 mark and reclaim latest cycle low at 0.8887 to maintain control. The USD/CHF finds some support at around the...

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2023-03-23 – Monetary policy assessment of 23 March 2023

2023-03-23

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2023-03-23

The SNB is tightening its monetary policy further and is raising the SNB policy rate by 0.5 percentage points to 1.5%. In doing so, it is countering the renewed increase in inflationary pressure. It cannot be ruled out that additional rises in the SNB policy rate will be necessary to ensure price stability over the medium term. To provide appropriate monetary conditions, the SNB also remains willing to be active in the foreign exchange market as...

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Übernahme der Credit Suisse kostet jeden Schweizer 12’500 Franken

2023-03-21

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2023-03-21

Für den Bundesrat ist der Übernahme-Deal zwischen UBS und Credit Suisse keine Staatsrettung. Dennoch tragen die Steuerzahler mit den Staatsgarantien enorme Risiken.

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Swiss National Bank provides substantial liquidity assistance to support UBS takeover of Credit Suisse

2023-03-19

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2023-03-19

UBS today announced the takeover of Credit Suisse. This takeover was made possible with the support of the Swiss federal government, the Swiss Financial Market Supervisory Authority FINMA and the Swiss National Bank.

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«Status quo keine Option mehr»: Bekannter Bank-Experte sieht Übernahme der Credit Suisse durch UBS als Szenario Nummer Eins

2023-03-16

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2023-03-16

Die Krise der Credit Suisse wird nach Einschätzung eines renommierten Branchenexperten von JPMorgan mit einer Übernahme der Bank enden.

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

2023-03-08

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2023-03-08

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

2023-03-05

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2023-03-05

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?

2023-02-22

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2023-02-22

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

2023-02-16

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2023-02-16

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

2023-02-13

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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

2023-02-12

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2023-02-12

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

2023-02-07

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2023-02-07

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

2023-01-28

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2023-01-28

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?

2023-01-24

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2023-01-24

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

2023-01-13

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2023-01-13

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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