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.
Dollar Remains Firm Despite Dovish Fed Hold
2021-01-28
The FOMC delivered a dovish hold, as we expected; we get our first look at Q4 GDP; Fed manufacturing surveys for January will continue to roll out; weekly jobless claims data will be closely watched.
Understanding the Roots and Causes of Inflation
2021-01-27
If the supply of caviar were as plentiful as the supply of potatoes, the price of caviar—that is, the exchange ratio between caviar and money or caviar and other commodities—would change considerably. In that case, one could obtain caviar at a much smaller sacrifice than is required today.
Dollar Flat as Markets Await Fresh Drivers
2021-01-25
Discussions on President Biden’s proposed $1.9 trln fiscal package are getting off to a rocky start; Fed manufacturing surveys for January will continue to roll out. ECB Governing Council member Olli Rehn viewed yield curve control for the region as “not sensible”;
“Victim-Centered” Justice Is a Threat to Due Process
2021-01-23
“Trauma-informed justice” has percolated in academia and activism for decades. It is now knocking on the door of local police departments to demand changes that could upend the basics of how people relate to law enforcement.
Swiss multinationals draw blurry political lines in the sand
2021-01-21
Our analysis of what the biggest global companies in Switzerland are up to. This week: corporate funding in politics, diamond billionaire on trial and high hopes for the economy.
FX Daily, January 19: Even When She Speaks Softly, She’s Yellen
2021-01-19
Overview: The animal spirits are on the march today. Equities are mostly higher, peripheral European bonds are firm, and the dollar is mostly softer. After posting the first back-to-back decline this year, the MSCI Asia Pacific Index bounced back today, led by a 2.7% gain in Hong Kong (20-month high) and a 2.6% rise in South Korea’s Kospi.
Covid: 17,245 cases and 387 deaths reported in Switzerland this week
2021-01-18
This week, Switzerland’s Federal Office of Public Health (FOPH) reported 17,245 positive Covid-19 cases and 387 deaths.