Tag Archive: newsletter

Blockchain for Good faces familiar blockages

2019-10-04

by

2019-10-04

Our regular analysis of developments in the world of fintech and Crypto Nation. All eyes were on Libra at the Blockchain 4 Impact summit in Geneva last week. But the Facebook stablecoin project was only one part of a two-day event asking the question: Can blockchain help meet Sustainable Development Goals?

Read More »

FX Daily, October 4: The US Jobs Data to Close a Sobering Week

2019-10-04

by

2019-10-04

Overview: The recovery of US shares yesterday signaled today's fragile stability. Gains in Japan, Australia, and Taiwan blunted the losses elsewhere in the region, including a 1% slide in Hong Kong.  The MSCI Asia Pacific Index fell for the third week. China's markets have been closed since Monday and will re-open Monday and may play some catch-up.

Read More »

AUD/CHF Technical Analysis: Bears seeking a break to channel bottoms, below 61.8 percent Fibo

2019-10-04

by

2019-10-04

AUD/CHF daily chart, August 2018-October 2019
Bulls target risk back to the top of the channel and recent highs of 0.6750. Bears seek a break of trendline support and a resumption of the downside within the bearish channel. AUD/CHF has been resilient against the odds, considering the risk-off tone in markets were otherwise, the CHF usually performs.

Read More »

Fête des Vignerons seeks millions to fill financial hole

2019-10-04

by

2019-10-04

The organisers of the Fête des Vignerons – a traditional winegrowers’ festival in the Swiss lakeside town of Vevey – is scrambling to cover its multi-million-franc deficit for 2019. The local winegrowers’ guild behind the once-in-a-generation private festival, which started in the 17th century, reported a CHF15 million ($14.9 million) loss for the 2019 edition on Tuesday.

Read More »

USD/CHF capped again by 1.0025, retreats below parity

2019-10-04

by

2019-10-04

Technical outlook
Swiss Franc flat versus US Dollar, down against its European rivals. Another weak economic report from the US keeps the Greenback and markets under pressure. The USD/CHF pair again was capped by the 1.0025/30 area and pulled back. Near the end of the session it is hovering around 0.9980/85 after falling to 0.9950.

Read More »

The Big Picture Doesn’t Include ‘Trade Wars’

2019-10-04

by

2019-10-04

WTO International Trade Forecasts, 2008-2020
The WTO today downgraded its estimates for global trade growth. In April, the international organization had figured the total volume of world merchandise trade would expand by about 2.6% in all of 2019 once the year closed out on the anticipated second half rebound. Everyone took their lumps in H1 and the WTO like central bankers everywhere were thinking “transitory” factors.

Read More »

FX Daily, October 3: Shades of Q4 18?

2019-10-03

by

2019-10-03

Overview:  Disappointing economic data again drove US equities lower, which in turn carried into Asia Pacific activity. Losses were recorded throughout the region, with the notable exception of Hong Kong. The Nikkei and Australia's ASX were off by 2%. After its largest losing session of the year (-2.7%) yesterday, Europe's Dow Jones Stoxx 600 continues to trade heavily.

Read More »

Credit Suisse braced for ‘spygate’ reputational fallout

2019-10-03

by

2019-10-03

The usually discrete world of Swiss private banking has been shaken by spying revelations at Credit Suisse, the country’s second largest wealth manager. Chairman Urs Rohner has acknowledged that the sordid affair has damaged the reputation of the bank and the Swiss financial centre.

Read More »

ISM Spoils The Bond Rout!!!

2019-10-03

by

2019-10-03

Federal Reserve Empire States Manu. Index, 2004-2019
With China closed for its National Day Golden Week holiday, the stage was set for Japan to steal the market spotlight. If only briefly. The Bank of Japan announced last night that it had had enough of the JGB curve. The 2s10s very nearly inverted last month and BoJ officials released preliminary plans to steepen it back out.

Read More »

Repo Quake – A Primer

2019-10-03

by

2019-10-03

Chaos in Overnight Funding Markets. Most of our readers are probably aware that there were recently quite large spikes in repo rates. The events were inter alia chronicled at Zerohedge here and here. The issue is fairly complex, as there are many different drivers at play, but we will try to provide a brief explanation.

Read More »

SNBCHF has changed sending service

2019-10-02

by

2019-10-02

Dear readers, SNBCHF has changed sending service. If you are missing the daily newsletters, please look in your spam or quarantine program.

Read More »

FX Daily, October 2: Greenback Shows Resiliency, Stocks Don’t

2019-10-02

by

2019-10-02

Shockingly poor ISM data sent shivers through the market on Tuesday and hand the S&P 500 its biggest loss in five weeks and took the shine off the greenback. The S&P 500 reached a five-day high before reversing course and cast a pall over today's activity.  All the markets were lower in Asia Pacific, with China and India closed for holidays.

Read More »

Swiss Consumer Price Index in September 2019: +0.1 percent YoY, -0.1 percent MoM

2019-10-02

by

2019-10-02

Switzerland Consumer Price Index (CPI) YoY, September 2019
02.10.2019 - The consumer price index (CPI) fell by 0.1% in September 2019 compared with the previous month, reaching 102.0 points (December 2015 = 100). Inflation was +0.1% compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO).

Read More »

Credit Suisse COO resigns over spying scandal

2019-10-02

by

2019-10-02

Credit Suisse Group Chief Operating Officer Pierre-Olivier Bouee has resigned following a spying scandal that has rocked Switzerland’s financial circles and which the lender said caused severe reputational damage to the bank. Bouee, a long-time associate of Chief Executive Officer Tidjane Thiam, assumed responsibility for the surveillance of former Credit Suisse executive Iqbal Khan along with the bank’s head of security.

Read More »

Musings on the Repo Market, Fed Policy, and the US Economy

2019-10-02

by

2019-10-02

Fed Balance Sheet, 2007-2019
The US repo market appears to finally be normalizing. The low pace of normalization is concerning and so a more permanent solution may be needed to head off similar problems at year-end. We do not think this issue has any implications for the economic outlook, which we continue to view as solid.

Read More »

FX Daily, October 1: Dollar Jumps to Start New Quarter

2019-10-01

by

2019-10-01

Overview: The US dollar is rising against nearly every currency today as global growth concerns deepen. Japan's Tankan Survey showed large manufacturers confidence is a six-year low. The Reserve Bank of Australia cut 25 bp as widely expected and kept the door open for more. The final EMU PMI ticked up from the flash, but it is still at a seven-year low.

Read More »

1. Was sind Knock-out Zertifikate und wie funktionieren Sie??

2019-10-01

by

Knockout Zertifikate, was ist das eigentlich und welche Vor- und Nachteile bieten diese? Das erklärt Ihnen Zertifikate Experte Martin Goersch in diesen Video der Knockout Reihe. Ebenfalls sprechen wir über die Preisberechnung eines solchen Zertifikats. ? 100€ Neukundenprämie für Ihr Depot gibts hier: https://hubs.ly/H0k_f2r0 Baue jetzt Deine eigene Watchlist bei onvista: https://my.onvista.de/ https://www.onvista.de/

Read More »

Swiss Retail Sales, August 2019: +1.3 percent Nominal and -1.4 percent Real

2019-10-01

by

2019-10-01

Switzerland Retail Sales YoY, August 2019
Turnover adjusted for sales days and holidays rose in the retail sector by 1.3% in nominal terms in August 2019 compared with the previous year. Seasonally adjusted, nominal turnover fell by 1.6% compared with the previous month. Real turnover adjusted for sales days and holidays fell in the retail sector by 1.4% in August 2019 compared with the previous year.

Read More »

Could Pricey Urban Meccas become Crime-Ridden Ghost Towns?

2019-10-01

by

2019-10-01

As the exodus gathers momentum, all the reasons people clung so rabidly to urban meccas decay. If there is any trend that's viewed as permanent, it's the enduring attraction of coastal urban meccas: despite the insane rents and housing costs, that's where the jobs, the opportunities and the desirable urban culture are.

Read More »

Swiss accident insurer to cut 170 jobs

2019-10-01

by

2019-10-01

Between 2021 and 2027, the Swiss National Accident Insurance Fund (SUVA)external link plans to cut about 20% of its jobs in the claims management department. Currently, that department has more than 800 jobs, including agency clerks, district physicians, insurance physicians at the head office and lawyers for objections and court cases.

Read More »