Tag Archive: Gold
Global Macro with all Global PMIs July 4th
updated July 4,2012 This page inside our macro data menu contains global PMIs compared with the main risk indicators S&P500, Copper, Brent and AUD/USD as of the day after most PMIs came out. JP Morgan’s Global PMI: Click for details inside the table, History of composite PMI
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Some of our Twitter followers
Here a quick list of some of our Twitter followers:
Marc Faber Blog @marcfaberblog FOLLOWS YOU
Marc Faber is an investor and economist known for his spot-on assessment of the world economy. He also manages his own investment company, Marc Faber Limited.· http://marcfaberblog.com
economie_suisse @economie_suisse FOLLOWS YOU
La principale organisation faîtière de l'économie suisse
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Quantitative Easing Indicators, June 2012
The main drivers for demand for Swiss francs are the Euro crisis, but even more the behavior of American investors, who go out of the dollar in the fear of further bad US economic data and in the fear of Quantitative Easing. This will push down the dollar and safe-havens like the CHF, gold or the … Continue reading »
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The “Sell in May, come back in October” effect and its equivalent for the SNB
The "Sell in May, come back in October" effect It is the same seasonal anomaly nearly every year: The statistically flawed (see here and here) Non-Farm Payrolls (NFP) report delivers some good winter readings with 200K new jobs, this time additionally fuelled by a weather effect; biased data that let hard-core Keynesian policy makers doubt Okun's law. Consequently the stock markets rally …
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CNBC rumors: Different peg methods for the SNB
There are currently rumors going on on CNBC that the SNB is planning something this night. As we explained here, the SNB had to strongly restart the printing press and printed tremendous 13 bln francs in one week. Moreover, they probably sold some of their in Q4 2011 and Q1 2012 acquired GBP, JYP and …
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The vicious cycle of the US economy or why the US dollar must ultimately fall again
Just some simple words about the vicious cycle of the US economy and the consequences on the US dollar: A stronger USD will not rescue the US economy, quite the contrary. US companies will not hire in the US, but outsource or hire overseas. If they hire in the US, due to the high number …
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SNB buys Swiss Francs and sells Euro: Welcome to the EUR/CHF peg
Why the big Q1 loss of the SNB was actually a big win for the central bank Anybody watching the EUR/CHF exchange rate this year was wondering why the volatility the pair saw last year had completely left. The pair slowly fell from 1.2156 over 1.2040 at the end of Q1 to 1.2014 today. FX … Continue reading...
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SNB meeting on March 15th, 2012: Pure Speculation that SNB raises floor, How to Trade it ?
Between November 2011 and January 2012 mostly left-wing politicians and trade unions wanted the EUR/CHF floor to be risen to 1.30 or 1.40 and uttered their wishes regularly in the Swiss newspapers, triggering many FX traders to speculate on this hike. Recently these demands have become more silent even if some UBS analysts still see the floor to …
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Written in February 2012: Will the EUR/CHF never rise over 1.22 or 1.23 again?
Our analysis from February 2012 shows astonishing accurateness: It predicted that the euro would not rise against CHF and that the commodity currencies were overvalued and subject to correction.
Basic foreign exchange theory, the SNB price stability mandate and strong fundamentals for Switzerland and bad ones for the peripheral countries of the euro zone speak for the thesis that the EUR/CHF exchange rate might never go over the level of around...
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The new European Save-Havens: Trade SEK/CHF and NOK/CHF
After the announcement of the floor in the EUR/CHF pair, many predicted the Swedish and the Norwegian Krone to take the place of the Swiss Franc as European save-haven against the Euro turmoil (http://on.ft.com/pKSJ1V). Both countries possess a low level of debt, positive trade balance and very competitive economies.
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EUR/CHF, Market betting on Floor Hike, December 2011
Four Trades For 2012: #2 Sell The Swiss Franc I bought EUR/CHF shortly after the 1.20 peg was introduced and have held it ever since. My only regret has not been trading the range more aggressively. At this point everyone has an opinion of the SNB so I won’t try to convince the bears. Personally, … Continue reading »
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SNB: Lift EUR/CHF floor or not ?
Many participants in the FX markets seem to be sure that the SNB will lift the EUR/CHF flow to 1.25 Here the pros and the cons:
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EUR/CHF: One Year of Free Market (07/2010-07/2011): May 2011
May 2011 ForexLive Asian Market Open: Analysis With Fries Just brilliant Jamie Australian GDP this morning and the market is now gearing itself for a poor number after yesterday’s data and weekend comments from the Treasurer. China is selling rallies in AUD/USD and Middle East Sovereigns are buying big dips; sounds like a recipe for medium … Continue reading »
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