Friday , September 17 2021
Home / Tag Archives: 1.) Forex Live Based CHF SNB

Tag Archives: 1.) Forex Live Based CHF SNB

TradeON Summit – July 28

Sign up here to attend the live online event on July 28: https://tradeonsummit.com/?utm_source=FL&utm_medium=PR&utm_campaign=1 [embedded content] You Might Also Like SWISS slowly expands web of destinations from Zurich and Geneva Swiss International Air Lines (SWISS) has published its flight schedules up to October 24, the end of the summer timetable. As well as resuming service to more...

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SNB sets up refinancing facility and deactivates counter-cyclical buffer

New packages from the SNB There is no upper limit for virus fund Drawdowns can be made at any time Says interest rates to correspond to the SNB policy rate (-0.50%) Will be available from tomorrow Full statement: The coronavirus pandemic is having a serious impact on the Swiss economy. To combat this crisis, it is essential that companies have access to credit and the banking system has access to liquidity. The Confederation, the SNB and the Swiss Financial Market...

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Scotia says evidence points to Swiss National Bank intervening in CHF

FX strategist at Scotiabank cites the relative stability of EUR/CHF (above and around 1.06) in the past  two weeks while turmoil in markets elsewhere  suggestive of SNB intervention to hold off strength in the Swiss franc Scotia say sight deposits have risen steadily since the beginning of 2020 – “indicating intervention”. Also make note of the re-inclusion of the SNB on US Treasury Department FX watch list Euro / Swiss Franc (see more posts on EUR/CHF, ) - Click...

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SNB’s Jordan: Franc exchange rate is important in relation to Swiss monetary conditions

Comments by SNB chief, Thomas Jordan, to CNBC Thomas Jordan Negative rates are a necessity Negative rates have side effects, SNB trying to minimise those side effects Balance of risks is tilted to the downside SNB conducts independent monetary policy, does not follow the ECB But needs to take international environment into account SNB could still cut rates if needed Franc is still highly valued Must maintain negative rates, interventions SNB can intervene as...

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SNB’s Jordan: Swiss franc remains highly valued

Foreign exchange market remains fragile Negative rates, readiness for intervention still necessary Danger of a worsening international situation remains large Imbalances in Swiss real estate market still persist Some remarks by the Jordan, cited by the Swiss government. Nothing out of the ordinary here as they maintain their same messaging about the franc and the need to intervene in the FX market as and when is necessary. Though the timing is a little interesting...

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The CHF is the strongest, while the GBP is the weakest as NA traders enter for the day

Well…maybe some NA traders The US has a partial holiday with the bond market closed but the US stock markets open. Canada is off for Thanksgiving. So North American traders entering for the day, may be a little stretch today. However, the forex market is open. The CHF is the strongest as some of the euphoria from the events of last week (Brexit hope and China/US) fade and there is a flight into the safety of the CHF (and JPY). The GBP is the weakest as EU’s Barnier...

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CHF is ‘not strong in real terms’ – no need for SNB intervention

A note from Standard Chartered on the Swiss National Bank and the Swiss franc.  The SNB monetary policy meeting is next week, September 19. In brief, Stan Chart argue the franc is not strong in real terms adjusting EUR/CHF for inflation leaves CHF around 10% weaker than (non-adjusted) current spot no need for SNB to intervene to try to weaken it therefore the SNB is not likely to cut rates at their meeting, nor intervene in forex markets in the near term EUR/CHF...

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