Weekly SNB Sight Deposits and Speculative Positions: SNB selling euros and dollars
2021-04-12
Update April 12 2021: SNB selling euros and dollars. Sight Deposits have fallen: The change is -0.5 bn. compared to last week, this means the SNB is selling euros and dollars.
FX Daily, October 22: Greenback Stabilizes
2020-10-22
Two sets of talks have riveted attention, and both appeared to have made progress yesterday. After some words, the EC, recognizing the importance of UK sovereignty, UK Prime Minister Johnson signaled a resumption of trade talks.
FX Daily, October 20: Narrowly Mixed Markets as Clearer Direction Sought
2020-10-20
The capital markets lack a clear direction today. This is reflected in narrowly mixed equities, bonds, and currencies. The spreading contagion is giving rise to new economic concerns, among other things, and the UK-EU talks are struggling to resume, while Pelosi-Mnuchin talks in the US continue to drag.
Drivers for the Week Ahead
2020-10-20
Some are holding out hope but we think the stimulus package remains dead; Fed releases its Beige Book report Wednesday; there is a full slate of Fed speakers this week. Fed manufacturing surveys for October will continue to roll out; weekly jobless claims will be reported Thursday; BOC releases results of its Q3 Business Outlook Survey Monday.
FINMA-Aufsichtsmitteilung 08/2020: LIBOR-Ablösung im Derivatebereich
2020-10-17
Die Eidgenössische Finanzmarktaufsicht FINMA empfiehlt den von der LIBOR-Ablösung betroffenen Beaufsichtigten, das neue Rückfallprotokoll der International Swaps and Derivatives Association (ISDA) frühestmöglich zu unterschreiben.
Why We’re Doomed: Our Delusional Faith in Incremental Change
2020-10-16
Better not to risk any radical evolution that might fail, and so failure is thus assured. When times are good, modest reforms are all that’s needed to maintain the ship’s course. By "good times," I mean eras of rising prosperity which generate bigger budgets, profits, tax revenues, paychecks, etc., eras characterized by high levels of stability and predictability.
Precious Metals Nowhere Near Cycle Highs – Brace for Gains!
2020-10-15
In today’s video GoldCore’s Mark O’Byrne is interviewed by the Wealth Research Group, discussing the start of a new bull run for gold and silver and what we can expect.
FX Daily, October 13: Markets Look for Fresh Incentives
2020-10-13
The S&P 500 and NASDAQ gapped higher for the third consecutive session and continued to advance. The benchmarks reached their best level since early September. Hong Kong markets were closed due to a storm, but the MSCI Asia Pacific gained for the seventh consecutive session. Most markets were higher, though Taiwan and South Korea were exceptions.