Tag Archive: newslettersent

Mythbusting: Why Bitcoin Can Never Go To Zero

2018-07-06

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2018-07-06

Bitcoin’s polarizing effect has people on both ends of the scale either proclaiming it is going to the moon or it is going to zero. The volatile, unprecedented, and revolutionary monetary system that is cryptocurrency has a future that not many can accurately predict, but as time has gone on, the idea that Bitcoin is going to zero seems more and more far fetched.

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FX Daily, July 05: Dollar is Mixed on Eve of US Jobs and Tariffs

2018-07-05

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2018-07-05

The US dollar is softer against most of the major currencies and mixed against the emerging market currencies.  European currencies firmer, with the continued recovery of the Swedish krona on the back of a more hawkish central bank, and the euro poking through $1.17 for the first time in over a week with the help of strong factory orders report from Germany.  Central and East European currencies are leading among emerging markets.  Asian equities...

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Ueli Maurer hat recht: Der Erste, der einsieht, dass die SNB sich hoffnungslos verrannt hat

2018-07-05

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2018-07-05

„An der Grenze des Erträglichen“ – so beurteilt Bundesrat und Finanzminister Ueli Maurer die Bilanz der Schweizerischen Nationalbank (SNB). Als ehemaliger Präsident des Zürcher Bauernverbandes ist Maurer zu einer Milchbüchlein-Rechnung fähig. Als Inhaber des eidgenössischen Buchhalter-Diplomes kann er auch eine Bilanz beurteilen.

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Swiss Consumer Price Index in June 2018: +1.1 percent YoY, Stable MoM

2018-07-05

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2018-07-05

Switzerland Consumer Price Index (CPI) YoY, June 2018
The consumer price index (CPI) remained stable in June 2018 compared with the previous month, reaching 102.1 points (December 2015=100). Inflation was 1.1% compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO).

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Swiss VAT might rise to fund lower company tax rates

2018-07-05

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2018-07-05

Historically, Switzerland has offered certain foreign companies special preferential tax deals in order to attract them. In response to international pressure, the current system is to be phased out replacing preferential tax rates with lower universal ones in the hope that these companies will stay.

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How To Create Your Own Personal Gold Standard And Currency Reserve

2018-07-05

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2018-07-05

Did you know that for 99.2% of recorded human history, money was backed by a gold standard? And only for the last 47 years has the world largely moved away from the gold standard. It is easy to feel like we are on top of the world in 2018. Technology has never been better or more easily accessible. The standard of living is rapidly rising.

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“Stock Markets Look Ever More Like Ponzi Schemes”

2018-07-04

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2018-07-04

Record Week for Corporate buybacks
The FT has reported this morning that: Debt at UK listed companies has soared to hit a record high of £390bn as companies have scrambled to maintain dividend payouts in response to shareholder demand despite weak profitability. They added: UK plc’s net debt has surpassed pre-crisis levels to reach £390.7bn in the 2017-18 financial year, according to analysis from Link Asset Services, which assessed balance sheet data from 440 UK listed...

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US Vs China – Is It ‘Art Of The Deal’ Or Economic Warfare?

2018-07-04

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2018-07-04

While monetary tightening remains the main risk for global stock markets, the threat of a trade war continues to dominate the headlines...

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Mining giant Glencore faces US corruption probe

2018-07-04

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2018-07-04

Swiss commodities mining and trading giant Glencore has been subpoenaed by the United States Department of Justice (DoJ) in relation to its activities in Nigeria, the Democratic Republic of Congo (DRC) and Venezuela.

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Gold’s Price Performance: Beyond the US Dollar

2018-07-04

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2018-07-04

With the first half of 2018 now drawn to a close, much of the financial medias’ headlines and commentary relating to the gold market has been focusing on the fact that the US dollar gold price has moved lower year-to-date. Specifically, from a US dollar price of $1302.50 at close on 31 December 2017, the price of gold in US dollar terms has slipped by approximately 3.8% over the last six months to around $1252.50, a drop of US $50.

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FX Daily, July 03: Markets Trying to Stabilize

2018-07-03

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2018-07-03

The global capital markets are trying to stabilize. US equities recovered from early losses yesterday but this was not enough to stop Asian equities from extending recent losses. The MSCI Asia Pacific Index slipped 0.2% for the sixth decline in the past seven sessions, However, several local markets, including China, Australia, and Korea advanced.

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Swiss intercity trains in for a makeover

2018-07-03

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2018-07-03

The Swiss Federal Railways is revamping its intercity IC2000 fleet at a cost of approximately CHF300 million ($302 million). The first completely renovated trains will be put back into operation in early 2019. The 341 wagons should be fit for another 20 years on the rails after their makeover.

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Emerging Market Preview: Week Ahead

2018-07-03

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2018-07-03

EM FX ended Friday mixed, capping off a mostly softer week.  TRY, MXN, and RUB were the top performers and the only ones up against USD, while ARS, CLP, and BRL were the worst.  Looking ahead, US jobs data on Friday pose some risks to EM, coming on the heels of a higher than expected 2% y/y rise in PCE.  China will also remain on the market’s radar screen, with the first snapshots of June economic activity just starting to emerge.  We remain...

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An Idea Whose Time Has Come, Report 1 July 2018

2018-07-03

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2018-07-03

Gold and Silver Prices
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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FX Daily, July 02: Third Quarter Begins With a Thump

2018-07-02

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2018-07-02

The window dressing ahead of the end of Q2 failed to signal a turn in sentiment. Equity markets have taken back those gains and more. The US dollar is broadly firmer, though it was coming off its best levels near midday in Europe, and the three-basis-point slippage puts the US 10-year yield at 2.83%, its lowest in more than a month.

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Swiss Retail Sales, May: +0.2 percent Nominal and -1.2 percent Real

2018-07-02

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2018-07-02

Switzerland Retail Sales YoY, May 2018
Turnover in the retail sector rose by 0.2% in nominal terms in May 2018 compared with the previous year. Seasonally adjusted, nominal turnover fell by 1.2% compared with the previous month. These are provisional findings from the Federal Statistical Office (FSO).

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Swiss public broadcaster to phase out 250 jobs

2018-07-02

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2018-07-02

The Swiss Broadcasting Corporation (SBC), swissinfo’s parent company, announced on Thursday a series of belt-tightening measures, including the elimination of 250 full-time positions over the next four years. The SBC is initiating a four-year savings and redeployment programme aimed at saving CHF100 million ($100 million), which will be re-invested across its various business and language units.

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FX Weekly Preview: Trade and Data Driving Markets

2018-07-02

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2018-07-02

US President Trump is intent on disrupting the post-WWII arrangement that prioritized and ideological conflict over economic rivalries. Last week, it was reported that Trump told his counterparts at the G7 summit that NATO was as bad as NAFTA. NATO's annual meeting is July 12.

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Emerging Markets: What Changed

2018-07-02

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2018-07-02

PBOC fixed USD/CNY at the highest level since December 14. Bank Indonesia delivered a larger than expected 50 bp to 5.25%. Bulgarian Prime Minister Boyko Borissov survived a second no-confidence vote this year. Turkish President Recep Tayyip Erdogan was re-elected but with sweeping new powers. Saudi Arabia, Kuwait, and UAE are reportedly in talks to help stabilize Bahrain.

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Bitcoin Soars Most In 3 Months, Back Above $6,000

2018-07-02

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2018-07-02

BTC/USD, Daily Jun 2018
After crossing below $6,000 for the 4th time in a week yesterday, Bitcoin surged overnight - jumping by as much as 10% at one point, the most in 3 months. The 10% surge is a notable outlier after weeks of constant downward pressure, but we note it's already fading modestly along with the rest of cryptos.

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