Tag Archive: Bank of Canada

How Dangerous are Technical Conditions for Dollar Bulls?

2015-11-28

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2015-11-28

Anticipating a yawning divergence of monetary policy between the world's largest central banks, market participants continued to drive the dollar higher over the past week.  In fact, the greenback appreciated against all the major and emerging market currencies except the Malaysian ringgit and South Korean won.     Next week is one of the most eventful …

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Money as Debt and the Federal Reserve System

goethe slaves debt and money supply, m1 m2 m3 money


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Swiss Franc History, 2000-2007: The sale of the Swiss gold reserves

gold price vs. snb reserves 1
A critical Swiss Franc History: Between 2000 and 2007, the SNB made the Swiss cantons happy and delivered some billions of francs to prop up their finances. The gains were unfortunately not caused by strong asset management capabilities, but mostly due to gold price improvements and gold sales at quite cheap prices.

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Net Speculative Positions, Global Stock Markets, Week October 29

2012-10-29

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2012-10-29

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  Submitted by Mark Chandler, from marctomarkets.com   The US Dollar Index reached its best level in more than six weeks on Friday.  Yet it managed to only close a couple of ticks higher, as if warning short-term participants against ideas that a breakout is at hand.  This also appears to be the message of the …

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Net Speculative Positions, Global Stock Markets, Week October 22

2012-10-22

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2012-10-22

  Submitted by Mark Chandler, from marctomarkets.com   Our big picture view is that the US dollar is carving out an important bottom, after selling off in Q3 as policy makers moved to reduce the extreme tail risks. The position adjustment that inspired among investors appears to have largely run its course.This bottoming of the dollar is …

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Net Speculative Positions , Global Markets and Outlook, week from August 20

2012-08-19

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2012-08-19

Economist Markets by Aug15, 2012
Currency Positioning and Outlook, week from August 20 Submitted by Mark Chandler, from marctomarkets.com The market is like expectant parents who don’t know the gender of the fetus.   They know something big is around the corner, but they don’t have enough information to make some important decisions.  They can contemplate the future, but there …

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Net Speculative Positions and Outlook, week of August 13

2012-08-13

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2012-08-13

Chess 2
Currency Positioning and Outlook, week of August 13 Submitted by Marc Chandler from MarctoMarkets.com   Market positioning in the week ending August 10 suggests that speculators in the futures market generally agree with our assessment that ECB President Draghi’s recent proposal was not a game changer.  The recent pattern continued.  Essentially what this entails is buying …

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Currency Outlook and Net Speculative Positions: Week from July 16

2012-07-16

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2012-07-16

chess
Currency Outlook and Positioning: Week from July 16 Guest Post from Marc Chandler

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SNB Intervenes on Behalf of Franc (June 2009)

2009-06-26

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2009-06-26

swiss franc rises after snb intervention
Jun. 26th 2009 Extracts from the history of the Swiss franc (June 2009)   Back on March 12, the Swiss National Bank issued a stern promise that it would actively seek to hold down the value of the Swiss Franc (CHF) as a means of forestalling deflation. The currency immediately plummeted 5%, as traders made … Continue...

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