Tag Archive: newslettersent

FX Daily, January 25: Dollar is on the Defensive Despite Firmer Rates

2017-01-25

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2017-01-25

FX Performance, January 25 2017 Movers and Shakers
The US dollar is softer against nearly all the major currencies. Participants appear to be growing increasingly frustrated with emerging priorities of the new US Administration. They want to hear more details and discussion of the tax reform, deregulation, and infrastructure plans.

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Ein Macher im Weißen Haus

2017-01-25

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2017-01-25

Donald Trump sagt den alten Eliten den Kampf an. Europas Bürokraten müssen sich warm anziehen. Kürzlich stellte der Hedgefonds-Mogul Ray Dalio eine Analyse des Führungsteams von Donald Trump ins Netz („Reflections on the Trump Presidency, One Month after the Election“).

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Great Graphic: How a Strong Dollar Weighs on Net Exports

2017-01-25

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2017-01-25

Contributions of Exports and Imports to GDP Growth
Investors appreciate that a strong dollar can impact US growth through the net export component of GDP. The dollar's appreciation can push up the price of exports and lower the cost of imports. The St. Louis Fed took a look at how the strong dollar from 2014 to the beginning of 2016 impacted the net export function of GDP.

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Policy Makers – Like Generals – Are Busy Fighting The Last War

2017-01-25

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2017-01-25

Total Global Population
The Maginot Line formed France's main line of defense on its German facing border from Belgium in the North to Switzerland in the South. It was constructed during the 1930s, with the trench-based warfare of World War One still firmly in the minds of the French generals. The Maginot Line was an absolute success...as the Germans never seriously attempted to attack it's interconnected series of underground fortresses. But the days of static warfare...

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80 percent Of Central Banks Plan To Buy More Stocks

2017-01-24

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2017-01-24

Central banks foreign-exchange reserves, Global debt
Regular readers remember how, when we first reported around the time of our launch eight years ago that central banks buy stocks, intervene and prop up markets, and generally manipulate equities in order to maintain confidence in a collapsing system, and avoid a liquidation panic and bank runs, it was branded "fake news" by the established financial "kommentariat."

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FX Daily, January 24: UK Supreme Court Requires May to Submit Bill on Brexit to Parliament

2017-01-24

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2017-01-24

BritainFirst
As widely expected, the UK Supreme Court ruled that Parliament approval is needed to trigger Article 50 start the divorce proceedings with the EU. The Court decided by an 8-3 majority that a bill needs to be submitted to both chambers, but that the approval of the regional assemblies (e.g. Scotland, Northern Ireland) is not necessary.

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The Trump Weak Dollar Report – Precious Metals Supply and Demand

2017-01-24

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2017-01-24

Trump and Scaramucci
Keith Weiner’s weekly look on Gold. Gold and silver prices, Gold-Silver Price Ratio, Gold basis and co-basis and the dollar price, Silver basis and co-basis and the dollar price.

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The US Dollar Is Now Overvalued Against Almost Every Currency In The World

2017-01-24

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2017-01-24

World Map
In September 1986, The Economist weekly newspaper published its first-ever “Big Mac Index”. It was a light-hearted way for the paper to gauge whether foreign currencies are over- or under-valued by comparing the prices of Big Macs around the world. In theory, the price of a Big Mac in Rio de Janeiro should be the same as a Big Mac in Cairo or Toronto.

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UK Supreme Court Decision: Anti-Climactic?

2017-01-24

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2017-01-24

May
Sterling retreats on court ruling but key supports hold and it recoups initial loss. The US dollar is recovering with the help of firming US yields. Investors are still anxious for details of new US government's tax, deregulation, and infrastructure investment plans.

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Sound Money and Your Personal Finances

Debt
Sound money principles can serve to help grow the economy and restrain government. The political class, however, doesn’t particularly want to restrain itself. Washington, D.C. is addicted to the easy money policies that have enabled $20 trillion in national debt accumulation and tens of trillions more in unfunded liabilities.

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

2017-01-23

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2017-01-23

FX Performance, January 23 2017 Movers and Shakers
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 longs exited. The dollar stabilized in the European morning, but broader risk appetites were not rekindled, and the Dow Jones Stoxx 600, led by financials, was sold to its lowest level this month.

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

2017-01-23

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2017-01-23

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 lowest-cost Appenzell-Innerhoden. The difference between the two cantons is 40%.

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

2017-01-23

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2017-01-23

china flag
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.

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The Collapse of the Left

2017-01-23

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2017-01-23

Shares of Gross Domestic Income
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 through the Democratic Party's progressive camp is not President Trump--it's the complete collapse of the Left globally. To understand this collapse, we turn (once again) to Marx's profound understanding...

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

2017-01-23

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2017-01-23

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.

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Weekly Speculative Position: CHF getting stronger, net shorts stable

2017-01-23

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2017-01-23

Speculative Positions Commitments of traders Swiss Franc - 23.01
Speculators are net short CHF with 13.7K contracts against USD. This is nearly unchanged. On the other side, the USD/CHF is falling.

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FX Weekly Preview: The Challenging Week Ahead

2017-01-23

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2017-01-23

thought
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 to be driven by domestic variable as much as US yields and equities. Prices not real sector data may be the key for the euro.

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Emerging Markets: Preview for the Week Ahead

2017-01-23

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2017-01-23

waterworld
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 unchanged. Indeed, we think the broader EM rally will be short-lived too, as US interest rates remain elevated. The 10-year yield flirted with the 2.5% level, and we believe it will eventually head even...

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

2017-01-22

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2017-01-22

Credit Suisse Cantonal RDI 2016
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 to arrive at a measure of disposable income.

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

2017-01-22

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2017-01-22

Swiss-fact-home-ownership
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%). Relative to these two cities, home ownership abounds in Valais (57.2%), the highest. Vaud (31.4%), Zurich (28.5%), Bern (39.9%), and Luzern (34.8%) are all in between.

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