Tag Archive: Reserves

Gold Tells the History of the 20th Century

Gold value and tons per country reserves US Canada Japan Swiss Netherland UK Russia France Italy


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SNB Valuation Losses in October: Around 6 Billion Francs

2012-11-08

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2012-11-08

snb valuation losses in october 2012
The Swiss National Bank (SNB) had valuation losses of around 6 billion francs in October due to the weaker EUR/CHF exchange rate and a weaker gold price.

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SNB Results Q3 2012: SNB Radically Reduces Euro Share from 60% to 48%

2012-11-02

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2012-11-02

snb q3 breakdown in currencies usd eur gbp
SNB Q3 Profits: 10 billion francs   The Swiss National Bank (SNB) radically reduced its euro share, in the third quarter from 60% to 48%, and bought US dollars and sterling instead. In the second quarter, however, it increased the euro share from 51% to 60% and concentrated on buying euros. Given that the EUR/USD was … Continue reading...

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The Swiss National Bank straddle

2012-10-31

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2012-10-31

It’s Swiss National Bank reserve figures Wednesday! That glorious day when we get to see how exactly the ingredients of the SNB’s cake have changed. Or to put it more literally, how have they been dealing with the masses of euro assets they are colle...

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How the SNB Destroyed Ashraf Laidi’s EUR/USD 1.35 Party

2012-10-31

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2012-10-31

Ashraf Laidi
Trend Follower Ashraf Laidi Loses Against the Contrarian Investor SNB The currency strategist Ashraf Laidi recently evoked a EUR/USD exchange rate of 1.35 thanks to the risk appetite after the easing operations of the Fed and the ECB. We show that he and the masses of his Forex rooters actually traded against a big central …

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Trade Like a Central Bank: Buy EUR/USD at 1.24 and sell at 1.30! .. SNB

2012-10-31

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2012-10-31

q1-q3 snb currency breakdown
Composition of SNB Forex Reserves, Q3 2012  The Swiss National Bank (SNB) reduced the share of euros in the third quarter substantially from 60% in Q2 to 48% in Q3 and increased dollar and pound positions. The SNB bought 80 billion euros or more when the common currency was trading around 1.24$, especially at the end of …

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IMF Data: SNB Forex Reserves and Gold in September 2012

2012-10-12

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2012-10-12

This link  on the SNB website shows the data the central bank provides to the International Monetary Fund (IMF). It shows the SNB Forex and gold reserves in the last month. It is so-called “IMF Special Data Dissemination Standard (SNB Data)” It is released together with the international investment position, some monetary aggregates and the balance of payments two weeks after …

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SNB prints nearly 5 billion francs in one week, FX traders poised to get ripped off

2012-09-10

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2012-09-10

monetary expansion snb
  As we expected in our post “What’s this crazy movement in EUR/CHF ? SNB Floor Hike ?“, long-time investors, global macro funds and US investment banks are moving into gold and the Swiss franc again.  The SNB had to buy euros and print new Swiss francs of around 5 billion francs last week, as … Continue reading »

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How Switzerland Implicitly Joins the Eurozone: SNB Obliges each Swiss to Invest 73% of 2012 income in Euros

Swiss franc euro
The SNB forces each Swiss to invest 73% of each one's yearly income into Euros. Reason enough to join the Euro zone ?

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SNB results: SNB invested 77% of the huge Q2 increase in reserves into Euros. Peg at risk ?

2012-07-31

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2012-07-31

snb q2 currency breakdown eur usd gbp
  The Swiss National Bank (SNB) reported a profit of 6.5 billion Swiss Franc for the first half year (H1). After a loss of 1.7 bln. francs in the first quarter (Q1), it had a 8.2 billion profit for the second quarter (Q2). The Q2 SNB results of 8.2 bln. CHF were less than our … Continue reading »

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SNB Results: SNB poised for 10 billion CHF quarterly profit

2012-07-26

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2012-07-26

jordan vs. ackermann was it a pyhrrus Victory ? snb results q2/2012
  On July 31st the Swiss National Bank will publish interim results for the second quarter 2012. Already now we offer  an estimate to our readers. Our estimate does not cover the central bank’s Forex trading results, they are difficult to estimate. A central bank is not a day trader, therefore the influence should be limited. …

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At EUR/CHF 1.10 SNB with 31 bln. loss, each Swiss losing 150 francs per week

2012-07-06

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2012-07-06

mass francs
The Swiss National Bank would realize a loss of 31 bln. francs, if it accepted a EUR/CHF exchange rate of 1.10 instead 1.20 and if we assume that the Swissie also appreciates against the dollar and other currencies

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The win of the pro-bailout parties in the Greek elections was no win for the SNB

2012-06-25

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2012-06-25

Jordan
  The win for the pro-bailout parties in the Greek elections was no win for the Swiss National Bank (SNB), even if the fear of an immediate bank-run and extreme money flows into Switzerland are avoided.  Also the fact that QE3 is not coming in the next weeks did not help the SNB.

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A central bank running suicide ? SNB prints at pace never seen since EUR/CHF parity in August 2011

2012-06-04

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2012-06-04

Printing PressClick
  The most recent money supply data from the Swiss National Bank (SNB) has shown increases of huge amounts. As compared with its loss of 19 bln. francs in 2010 (3% percent of the Swiss GDP), the central bank printed tremendous 17.3 bln. in the week ending in June 1st and 13 bln. in the one …

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Huge rise in Currency Reserves: The SNB has restarted the printing press

2012-05-29

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2012-05-29

Euro Trash Recycled
The game for the Swiss National Bank seems to have changed completely. Again the central bank had increase money supply, as measured by deposits at the SNB by local banks and other sight deposits, this time even by 13219 mil. francs (source). This money printing implies that the SNB had to buy in Euros in …

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EUR/CHF: One Year of Free Market (07/2010-07/2011): June 2011

2011-06-30

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2011-06-30

6-14 eurchf
Specs Scrambling For Cover In EUR/CHF The Armageddon trade is being taken off in dramatic size in thin-month-end markets, driving EUR/CHF above 1.2200. USD/CHF is nearing resistance at 0.8440. Traders not talk of significant interest from real money accounts to buy both USD/CHF and USD/JPY at the fixing at 15:00 GMT. The danger now is … Continue reading »

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