Tuesday , July 27 2021
Home / Tag Archives: currency reserves. intervention

Tag Archives: currency reserves. intervention

Weekly SNB Interventions and Speculative Positions: Investors do not take North Korea dispute seriously

FX Despite the tensions between Donald Trump and North Korea’s Kim Jong-un, the EUR/CHF only depreciated to a low of 1.1284. Euro / Swiss Franc FX Cross Rate, August 14(see more posts on EUR/CHF, ) Source: markets.ft.com - Click to enlarge SNB interventions nearly at zero Data for the last weeks: In the last week, the SNB did not have to intervene. This proves that investors haven’t taken the tensions...

Read More »

Weekly SNB Interventions and Speculative Positions: Hawkish ECB, less SNB interventions

FX The EUR/CHF remained over 1.10 in the last week, thanks to hawkish comments from ECB president Draghi. Headlines Week July 17, 2017 On June 27, Draghi told the audience at the annual ECB Forum that transitory factors were holding back inflation. This has boosted the euro against both USD and CHF. Our opinion, however, is that this “transition” is very long, possibly comparable to the Japanese deflation/...

Read More »

Weekly SNB Interventions Update: Slight Rise after Weeks of Near-Zero Interventions

Headlines Week June 19, 2017 The pro-European politician Macron has won the presidential elections and now also secured the parliament. He is a politician that promises economic improvements, more investment, more jobs. This is similar to Hollande four years ago and – by the way – similar to Trump. As opposed to Hollande, Macron also advocates limitations on salaries and less social protection for workers, to restore...

Read More »

Weekly SNB Interventions and Speculative Positions: More Interventions at higher Euro rate

Headlines Week May 15, 2017 The pro-European politician Macron has won the French elections. He is a politician that – similar to Hollande four years ago – promises economic improvements, more investment, more jobs. As opposed to Hollande, he also advocates limitations on salaries and less social protection for workers, to restore France’s competitiveness. Mostly probably he will fail – similar to his predecessor...

Read More »

Weekly SNB Interventions and Speculative Positions: After French Elections

Headlines Week May 08, 2017 The centre-left politician Macron has won the French elections. He is a politician that – similar to Hollande four years ago – promises economic improvements, more investment, more jobs. As opposed to Hollande, he also advocates limitations on salaries and less social protection for workers, to restore France’s competitiveness. Mostly probably he will fail similar to his predecessor because...

Read More »

Weekly SNB Interventions and Speculative Positions: Again 2.4 bn Intervention per Week

Headlines Week May 03, 2017 The centre-left politician Macron has won the French elections. He is a politician that – similar to Hollande four years ago – promises economic improvements, move investment, more jobs. Mostly probably he will fail similar to his predecessor because the French economic reality is simply different. His success moved the EUR/CHF up to 1.0865, mostly caused by FX speculators. However serious...

Read More »

Weekly SNB Interventions and Speculative Positions: Back to 2.4 bn Intervention per Week

Headlines Week April 10, 2017 We were arguing in the previous months, that the EUR/CHF is trending towards parity. There are three reasons: Continuing SNB interventions Strengthening Swiss local demand, as also visible in the GDP release. Speculators increase their dollar shorts against Euro and reduce them against CHF. The tendency of point 3 had been interrupted when the ECB appeared to be less dovish. FX Last Week:...

Read More »

Weekly Sight Deposits and Speculative Positions: SNB interventions are rising again

Headlines Week April 03, 2017 We were arguing in the previous months, that the EUR/CHF is trending towards parity. There are three reasons: Continuing SNB interventions Strengthening Swiss local demand, as also visible in the GDP release. Speculators increase their dollar shorts against Euro and reduce them against CHF. The tendency of point 3 had been interrupted when the ECB appeared to be less dovish. FX Last week:...

Read More »

Weekly Sight Deposits and Speculative Positions: SNB interventions are rising again

Headlines Week March 27, 2017 We were arguing in the last weeks, that the EUR/CHF is trending towards parity. There are three reasons: Continuing SNB interventions Strengthening Swiss local demand, as also visible in the GDP release. Speculators increase their dollar shorts against Euro and reduce them against CHF. Point 3 was not fulfilled last week. FX Llst weeks: The EUR/CHF suddenly appreciated with the ECB...

Read More »

Weekly Sight Deposits and Speculative Positions: EUR/CHF suddenly higher after ECB

Headlines Week March 20, 2017 We were arguing in the last weeks, that the EUR/CHF is trending towards parity. There are three reasons: Continuing SNB interventions Strengthening Swiss local demand, as also visible in the GDP release. Speculators increase their dollar shorts against Euro and reduce them against CHF. Point 3 was not fulfilled last week. FX Last week: The EUR/CHF suddenly appreciated with the ECB meeting,...

Read More »