Tag Archive: Featured

FX Daily, January 23: Dollar’s Pre-Weekend Retreat Extended in Asia Before Stabilizing in Europe

The US dollar had a poor close in the North American session before the weekend as investors appear increasing anxious about the new US Administration's economic policies and priorities.With no fresh details emerging over the weekend, some stale dollar...

Changes to health insurance zones could lead to steep premium rises for some

In Switzerland, how much you pay for compulsory health insurance depends on where you live. Premiums vary hugely by canton. For 2016, average monthly adult premiums in Basel City are CHF 545.60, Switzerland’s most expensive, compared to CHF 326.70, in...

China Says It Is Ready To Assume “World Leadership”, Slams Western Democracy As “Flawed”

Over the weekend China used the Trump inauguration to warn about the perils of democracy, touting the relative stability of the Communist system as President Xi Jinping heads toward a twice-a-decade reshuffle of senior leadership posts.

The Collapse of the Left

The Left is not just in disarray--it is in complete collapse because the working class has awakened to the Left's betrayal and abandonment of the working class in favor of building personal wealth and power. The source of the angry angst rippling...

Weekly Sight Deposits and Speculative Positions: Weaker dollar let SNB accumulates losses

EUR/CHF is slightly above the “in-official minimum band”. The weaker dollar leads to bigger SNB losses in January. SNB intervenes for 0.9 bn at higher EUR/CHF rate. Speculators are net short CHF with 13.7K contracts against USD.

Weekly Speculative Position: CHF getting stronger, net shorts stable

Speculators are net short CHF with 13.7K contracts against USD. This is nearly unchanged. On the other side, the USD/CHF is falling.

FX Weekly Preview: The Challenging Week Ahead

Investors will finally be able to focus on what the new US President does rather than what he says. The UK Supreme Court decision is expected, but it may not be the driver than it may have previously seemed likely. The dollar-yen rate does not appear...

Weekly SNB Intervention Update: Sight Deposits and Speculative Position

EUR/CHF is slightly above the “in-official minimum band”. The weaker dollar leads to bigger SNB losses in January. SNB intervenes for 0.9 bn at higher EUR/CHF rate. Speculators are net short CHF with 13.7K contracts against USD.

Emerging Markets: Preview for the Week Ahead

EM FX ended last week on a firm not, led by a huge MXN rally on Inauguration Day. We believe that the peso rally was largely driven by positioning and technicals, and so we view Friday’s gains as a correction since the fundamental outlook remains...

Switzerland’s costliest cantons for tax, housing, health, commuting, and childcare

This week the bank Credit Suisse published its cantonal cost of living report. Its ranking considers a typical household’s biggest expenses: tax, housing, commuting, basic health insurance and childcare. It takes income and deducts all of these costs...

Swiss fact: Switzerland has one of the world’s lowest home ownership rates

In Romania, 96.1% of the population owns the home they live in. In Switzerland the percentage is 37.4%. Home ownership rates vary significantly across the country. The lowest rates are found in the canton of Basel-City (16.0%) and Geneva (18.3%)....

FX Weekly Review, January 16 – 21: Dollar Still Appears to Carving out a Bottom

The US dollar turned in a mixed performance over the past week. The technical indicators continue to support our expectation that after correcting since mid-December, following the Fed's hike, the dollar is basing.

The Psychological Impact Of Loss

For the third time in four weeks, the market was closed on Monday due to a holiday. Not only is this week shortened by a holiday, it is also coinciding with the annual Billionaire’s convention in Davos, Switzerland and the Presidential inauguration on...

25 Years of Neocon-Neoliberalism: Great for the Top 5 percent, A Disaster for Everyone Else

It cannot be merely coincidental that the incomes and wealth of the top 5% have pulled away from the stagnating 95% in the 25 years dominated by neocon-neoliberalism. One unexamined narrative I keep hearing is: "OK, so neocon-neoliberalism was less...

Davos (According To Donald Trump)

Bloomberg's Anne Swardson, Zoe Schneeweiss, and Andre Tartar perfectly summed up the state of play right now during their discussion of the World Economic Forum's annual get-together: "Never before has the gap between Davos Man and the real world...

Swiss mortgage rates climb in 4th quarter

After reaching a historical low in the third quarter of 2016, rates started rising in the fourth quarter. Rate increases hit mortgage tenors of five and ten years. Compared to Q3, fixed mortgage rates on loans of ten years went up an average 0.2% to...

How The West Has Been Selling Gold Into A Black Hole

In December 2016 Chinese wholesale gold demand, measured by withdrawals from the vaults of the Shanghai Gold Exchange (SGE), accounted for 196 tonnes, down 9 % from November. December was still a strong month for SGE withdrawals due to the fact the...

Cool Video: Bloomberg’s Daybreak – Dollar Correction

I was on Bloomberg's Daybreak: Americas today. The issue at hand was about the dollar's losses since the start of the year. I suggest that the correction actually began a day or so after the Federal Reserve hiked rates in mid-December. I noted that...

Emerging Markets: What has Changed

Prime Minister Phuc said Vietnam will ease the limits on foreign ownership of banks this year. Russia’s government is working on measures to limit ruble volatility, including possible FX purchases. Turkey’s central bank start auctioning FX swaps to...

These Are The 3 Main Issues For Europe In 2017

What will the year ahead look like for Europe? 2017 will be another chapter in the European Union’s slow unraveling… a process that has been underway for over a decade. The EU is a union in name only. The transfer of sovereignty to Brussels was never...
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