Tag Archive: newslettersent

Great Graphic: Is that a Potential Head and Shoulders Pattern in the Euro?

2017-11-25

by

2017-11-25

EUR/BGN Currency
The euro is breaking out to the upside. The measuring objective is near $1.2150, which is near the 50% retracement of the euro's drop from the mid-2014 high. Key caveat: It is about the upper Bollinger Band and rate differentials make it the most expensive to hold since the late 1990s.

Read More »

Les banques centrales demandent aux banques commerciales de créer la monnaie. La preuve.

2017-11-25

by

2017-11-25

M Marc Luckx Ghisi, ancien conseiller de M Jacques Delors apporte la preuve que nous défendons depuis des années sur ce site: Les banques centrales ne créent pas de monnaie. Elles s’endettent auprès des banques commerciales!

Read More »

Where an average Swiss household spends its income

2017-11-25

by

2017-11-25

Swiss
A recent report from Switzerland Federal Statistical Office shows how an average Swiss household spends its income. In 2015, the mean income was CHF 9,946 per month, including all forms of income and any 13th month payment received at the end of the year.

Read More »

Ne conservez pas votre or dans une banque. Egon Von Greyerz

2017-11-25

by

2017-11-25

Gold
Ne détenez pas d’or dans une banque suisse ou dans n’importe quelle autre banque. Nous voyons régulièrement des exemples dans des banques suisses de taille moyenne et de grande taille qui devraient fortement inquiéter les clients. En voici quelques-uns : Un client entrepose de l’or physique dans une banque, mais lorsqu’il souhaite le transférer vers des coffres privés, l’or n’y est plus et la banque doit s’en procurer.

Read More »

Durable Goods Only About Halfway To Real Reflation

2017-11-25

by

2017-11-25

US Core Durable Goods Orders, Jan 1993 - Jan 2017
Durable goods were boosted for a second month by the after-effects of Harvey and Irma. New orders excluding those from transportation industries rose 8.5% year-over-year in October 2017, a slight acceleration from the 6.5% average of the four previous months. Shipments of durable goods (ex transportation) also rose by 8% last month.

Read More »

Construction Industry Production, Orders and Turnover Statistics: lncrease in construction production in Switzerland in Q3 2017

2017-11-24

by

2017-11-24

Switzerland Industrial Orders, Q3 2017
Secondary sector production rose by 7.4% in 3rd quarter 2017 in comparison with the same quarter a year earlier. Turnover rose by 6.2%. This is the greatest increase since the 1st quarter 2008.

Read More »

FX Daily Rates, November 24: Euro Continues to Push Higher

2017-11-24

by

2017-11-24

The euro is edging higher to trade at its best levels since the middle of last month. It is drawing closer to the $1.1880 area, which if overcome, could point to return to the year's high seen in early September near $1.2100. There is a combination of factors lifting the euro. The recent data, including yesterday's flash PMI, suggests that the regional economy is re-accelerating here in Q4.

Read More »

Gold Versus Bitcoin: The Pro-Gold Argument Takes Shape

2017-11-24

by

2017-11-24

Gold Price History, since 1915
Gold versus Bitcoin: The pro-gold argument takes shape. Why cryptocurrencies will not replace gold as a store of value. Similarities between crypto and gold but that does not make them substitutes. Gold remains a highly liquid market, cryptocurrencies continue to be fragmented and difficult to spend. Bitcoin does not make it an effective hedge against stocks

Read More »

Second class-action law suit lodged against Tezos

2017-11-24

by

2017-11-24

A second class-action lawsuit has been lodged in the United States against the founders of the tokenised blockchain project Tezos, and the Swiss-based foundation that houses hundreds of millions of dollars of investors’ money. The law firm Silver Miller Law presented its complaintexternal link in Florida this week, following a California lawsuit issued last monthexternal link.

Read More »

Beware the Marginal Buyer, Borrower and Renter

2017-11-24

by

2017-11-24

S&P/Case-Shiller CA-San Francisco Home Price Index, 1990 - 2017
When times are good, the impact of the marginal buyer, borrower and renter on the market is often overlooked. By "marginal" I mean buyers, borrowers and renters who have to stretch their finances to the maximum to afford the purchase, loan or rent.

Read More »

The Precious Metals Bears’ Fear of Fridays

2017-11-24

by

2017-11-24

Die Angst
In the last issue of Seasonal Insights I have shown that the gold price behaves quite peculiarly in the course of the trading week. On average, prices rise almost exclusively on Friday. It is as though investors in this market were mired in deep sleep for most of the week.

Read More »

German Politics: What’s Next?

2017-11-23

by

2017-11-23

Coalition talks will resume in the coming days, and failing this a minority government is more likely than new elections. The is a general agreement among the political elites, and a hubris of small differences. The rate differentials and cross currency swaps show the incentive structure for holding dollars is increasing.

Read More »

Cool Video: Bitcoin Discussion on Bloomberg

2017-11-23

by

2017-11-23

Bitcoin
I had to be on Bloomberg's Day Break with David Westin and Alix Steel earlier today. We talked about the collapse of talks to put together a new coalition following the results of the September election. I suggested that the initial reaction was exaggerated, negotiations will likely resume in some fashion, and speculation of Merkel's demise are premature.

Read More »

Swiss Watchmaker Optimistic about Business Prospects

2017-11-23

by

2017-11-23

The chief executive of the Swatch Group, a leading Swiss manufacturer of watches and jewelry, is upbeat about business prospects for the coming year. Nick Hayek says the Swatch Groupexternal link hopes to reach the ambitious target of a 7%-9% increase in sales this year.

Read More »

New Gold-Backed Debit Card Launched In Partnership With MasterCard

2017-11-23

by

2017-11-23

Mobile Phone
In recent years, there has been a major debate about the respective merits of gold versus Bitcoin, even though many, not all, gold bulls are also supporters of the latter. Gold advocates generally view favourably Bitcoin’s inherent characteristics of decentralisation, finite supply and ability to operate (so far) outside of the usual interference by western central banks.

Read More »

Brexit Budget – Grim Outlook As UK Economy Downgraded

2017-11-23

by

2017-11-23

Real GDP Growth, March - Nov 2017
Brexit budget – Grim outlook as UK economic forecasts downgrade. UK Chancellor uses housing market policy as smoke-screen for deteriorating economy. UK budget matters more than ever due to BREXIT risks. Policy on stamp duty will fail to aid worsening housing market. Real GDP expected to grow by just 1.5%, 40% less than projections 2 years ago. Households now face an unprecedented 17 years of stagnation in earnings. Critics claim Budget failed to...

Read More »

How Uncle Sam Inflates Away Your Life

2017-11-23

by

2017-11-23

Inflation
“Inflation is always and everywhere a monetary phenomenon,” economist and Nobel Prize recipient Milton Friedman once remarked. He likely meant that inflation is the more rapid increase in the supply of money relative to the output of goods and services which money is traded for.

Read More »

FX Daily, November 22: Global Equity Rally Resumes, while Dollar Slips

2017-11-22

by

2017-11-22

Global equities are on the march. US indices shrugged off their first back-to-back weekly decline in three months to set new record highs yesterday. The MSCI Asia-Pacific followed suit and recorded their highest close. The Dow Jones Stoxx 600 is struggling, as the CAC and DAX are nursing small losses.

Read More »

Weekly Technical Analysis: 20/11/2017 – USD/CHF, USD/JPY, EUR/USD, GBP/USD, GBP/AUD

2017-11-22

by

2017-11-22

USD/CHF, November 20
USD/CHF, USD/JPY, EUR/USD, GBP/USD, GBP/AUD

Read More »

What do the Swiss spend their money on?

2017-11-22

by

2017-11-22

The Swiss had an average net household disposable income in 2015 of CHF6,957 ($7,007) a month, the Federal Statistical Office has reported. Every month, around CHF560 was spent on leisure and cultural activities – and CHF89 on cats and dogs.

Read More »