Tag Archive: Switzerland

SNB Monetary Data Week of September 28

2012-10-01

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2012-10-01

snb -expansion
Seasonal effects, the good months for the SNB and the US economy, but weaker ones for emerging markets and Switzerland, have started Given that the seasonal effects between October to March have started, the SNB might be able to sell some currency reserves. Traditionally the United States and the USD dollar become stronger over the autumn months till …

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George Dorgan on Zerohedge



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Will the EUR/CHF fall like a stone? A perfect scalp ?

2012-09-17

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2012-09-17

eur/chf chart since Sep 11
Recently we have observed the upward movement of all euro pairs. They have marked more or less continuously higher highs and higher lows thanks to massive support from the central banks ECB, Fed and SNB (ignore Sunday 16th)         The first euro pair to finish this upwards trend is traditionally the EUR/CHF. … Continue...

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Are German Bunds finally heading for the big slide ?

2012-09-14

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2012-09-14

German BOBL Future Sept 14
Citibank judges that the Swiss National Bank (SNB) does not need a peg anymore. The EUR/CHF exchange rate would be now over 1.20 even if exposed to the free market. Yesterday we showed that the upward move in the EUR/CHF is just the behavior of some euphoric Forex traders. In the meantime we see a completely … Continue reading »

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The next SNB rumor: Wall Street Journal and our response

2012-09-12

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2012-09-12

GDP Switzerland vs. Eurozone
A bit breathlessly….     The next SNB rumor story comes from the so-well established Wall Street Journal, its columnist Nick Hastings. WSJ: The Swiss National Bank was bold before. And the central bank would be well advised to be just as bold again. When the SNB announced just over a year ago that it was setting a …

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Net Speculative Positions, FX Outlook, Global Stock Markets, Week September 10

2012-09-10

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2012-09-10

monopoly
  Submitted by Mark Chandler, from marctomarkets.com Key policy makers are preparing new efforts to address the deterioration of financial and economic conditions.  This is seen reducing tail risks, which allowed the rally in risk assets to be extended, and undermined the dollar.  China is providing new fiscal support.  The ECB announced its new Outright Market …

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Net Speculative Positions, Technical Outlook, Global Markets Ahead of Eventful Week September 3rd

2012-09-03

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2012-09-03

FM TN G3D Chess1
Submitted by Mark Chandler, from marctomarkets.com   The week ahead kicks off what we expect to be a period of intense event risk. The combination of positioning, judging from the futures market and anecdotal reports, and the low implied volatility in currencies and equity markets warn of heightened risk in the period ahead. The week begins …

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The End of ECB Rate Cuts or Draghi against Weidmann to be Continued..

2012-08-30

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2012-08-30

Draghi vs. Weidmann
  Even in the unlikely case of a fiscal union, the conflict “Draghi against Weidmann”, between the ECB and the Bundesbank will continue for years. The ECB mandate and european inflation figures do not allow for excessive ECB rate cuts or for state financing via the printing press, but Draghi wants to help his struggling …

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The Full English Translation of the Interview with Thomas Jordan

2012-08-29

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2012-08-29

Jordan in the ECO interview
  Here a translation of the interview with the president of the Swiss National Bank, Thomas Jordan, in the finance magazine ECO of the Swiss television SF1. Here the original German video. Question: Given that the SNB has reserves of over 200 bln. Euros, are you still able to sleep ? Jordan: We are in a … Continue reading...

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Economic Indicators: In Switzerland and Germany the Euro Crisis Seems to Be Far Away

2012-08-29

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2012-08-29

Swiss & German Economic Indicators, August 2012
 Swiss vs. German Economic Indicators, August 2012        Both Swiss and German economic indicators show continued signs of stability. Especially low unemployment, good retail sales and strong trade balances are signs of robustness. The German trade surplus has improved compared to last year, whereas the strong franc harmed the Swiss trade surplus just a bit. …

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The Swiss television interview with Thomas Jordan, or was it Leonid Brezhnev ?

2012-08-27

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2012-08-27

   Today Thomas Jordan gave a quick interview in the Swiss television. Everything was so well prepared and as sterilized. Thomas Jordan learned all answers by heart and was answered the questions about one second after the question was asked. It reminded me of an interview in Soviet television with former Soviet leader Leonid Brezhnev. Each …

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SNB only major central bank missing at Jackson Hole, are important SNB decisions looming ?

2012-08-27

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2012-08-27

SNB Chairman Jordan speaks to media during a news conference in Bern
  The Jackson Hole Symposium is traditionally a meeting of global central bankers, here the 2010 attendance list. This year it takes place between August 30 and September 1. Central bankers assemble  The annual economic symposium for central bankers staged by the Federal Reserve Bank of Kansas City begins in Jackson Hole, Colorado (until September 1). …

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FX Technical Outlook, Net Speculative Positions, Global Markets, week August 27

2012-08-27

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2012-08-27

risk
Submitted by Mark Chandler, from marctomarkets.com   There are two main drivers behind the price action in the foreign exchange market and they will likely persist in the days ahead.  First, there continues to be position adjustment ahead of the what promises to be eventful few weeks.  Second, the release of the minutes from the August 1 …

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Net Speculative Positions , Global Markets and Outlook, week from August 20

2012-08-19

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2012-08-19

Economist Markets by Aug15, 2012
Currency Positioning and Outlook, week from August 20 Submitted by Mark Chandler, from marctomarkets.com The market is like expectant parents who don’t know the gender of the fetus.   They know something big is around the corner, but they don’t have enough information to make some important decisions.  They can contemplate the future, but there …

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How former central bankers stepped up against the central banks

Central Bankers against Central Bankers Banned Weber Stark Issing
There are already three former European central bankers who criticize more or less openly the European Central Bank (ECB).

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Global PMIs Contracting More – Are Stocks Overvalued?

2012-08-07

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2012-08-07

Global PMIs July 2012
updated August 05,2012 We publish a detailed analysis of global PMIs and compare them with the main risk indicators S&P500, Copper, Brent and AUD/USD some days after most PMIs came out. Abstract: Thanks to positive US consumer confidence, stock markets are highly valued, whereas the Purchasing Manager Indices (PMIs) for the manufacturing industry are contracting …

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EUR/CHF, A History of Interventions: What markets say, July 2012

2012-07-31

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2012-07-31

More Chatter About The EUR/CHF Peg The FT reports that Switzerland is ‘new China’ in currencies Chatter that the SNB was buying 3 billion francs worth of euros per day. “The picture is one of a central bank that’s not coping with how much money is coming in,” said Kit Juckes, foreign currency analyst at Société … Continue reading »

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