Speculation of SNB’s Move Keeps Swissie Trade Brisk
Feb 2nd
(eToro Blog) Swiss bulls stand at the ready for an SNB intervention. Speculation is rife that it will come soon and recent data pointing to a slowing down of the Swiss economy may hasten the decision. Yesterday, it was reported that the pace of Swiss manufacturing slowed in January, even as the frail Eurozone showed… Read more
Euro-area PMIs Surprise, but Swiss PMI Disappoints – Is an SNB Intervention Ahead?
Feb 1st
(eToro Blog) In the broader Eurozone area, the earlier release of Purchasing Managers’ Indices for January offered investors a few surprises, most welcome but one decidedly not. In the United Kingdom, the Office of National Statistics read for January’s manufacturing PMI was reported higher at 52.1 from a revised reading of 49.7 and besting the… Read more
SNB’s Latest Blip Gives EUR/CHF Traders a Thrill
Jan 19th
(eToro Blog) In spite of the $1.20 Euro-peg implemented in September of last year by the Swiss National Bank, yesterday the Swiss Franc took a hard and fast (and ultimately short-lived) fall against the Euro, touching on $1.21360. Traders wondered if the SNB wasn’t once again making an official surprise intervention. The SNB has been… Read more
SNB’s Hildebrand Resigns; Perhaps Not Voluntarily
Jan 10th
(eToro Blog) Yesterday, it was reported that Philipp Hildebrand, the Chairman of the Swiss National Bank, voluntarily resigned his position following allegations that his wife had engaged in a transaction which netted her a significant profit upon the SNB’s pegging of the Swiss Franc to the Euro. The former Chairman said that because he could… Read more
Central Banks Coordinate Effort to Meet Global Liquidity Needs
Nov 30th
(eToro Blog) Earlier, a coordinated effort by the world’s central banks was announced geared towards capacity enhancement in order to offer global markets additional liquidity support. The participants include the U.S. Federal Reserve, the Bank of England, the European Central Bank, the Bank of Canada and the Swiss National Bank. The purpose of their collective… Read more
Swiss Jobs Rate, Inflation Improving Even as SNB Talks of Resetting Peg
Nov 7th
(eToro Blog) There was a bit of good, or at least unexpected, news coming out Switzerland this morning with the separate reports that the country’s unemployment rate rose less than forecast and inflation declined. According to the Swiss State Secretariat for Economic Affairs, the unemployment rate for the month of October rose to an enviable… Read more
Swiss National Bank Considering a Higher Euro Peg, says J.P. Morgan
Oct 12th
(eToro Blog) Well over a month ago, the Swiss National Bank pegged the Swiss Franc to the Euro, with a warning that the central bank would make every effort to keep the safe-haven currency beneath a 1.20 ceiling. To date, they’ve succeeded. Now, though, Swiss-based businesses want the central bank to do more, saying that the… Read more
Swiss National Bank Considering a Higher Euro Peg, says J.P. Morgan
Oct 12th
By Barbara Zigah (eToro Blog) Well over a month ago, the Swiss National Bank pegged the Swiss Franc to the Euro, with a warning that the central bank would make every effort to keep the safe-haven currency beneath a 1.20 ceiling. To date, they’ve succeeded. Now, though, Swiss-based businesses want the central bank to do… Read more
Swiss National Bank Considering a Higher Euro Peg, says J.P. Morgan
Oct 12th
(eToro Blog) Well over a month ago, the Swiss National Bank pegged the Swiss Franc to the Euro, with a warning that the central bank would make every effort to keep the safe-haven currency beneath a 1.20 ceiling. To date, they’ve succeeded. Now, though, Swiss-based businesses want the central bank to do more, saying that the… Read more
First Flurry of PMI Releases Shows Surprises, Good and Bad
Oct 3rd
(eToro Blog) The Swiss economy continues to show signs of deterioration, the lingering repercussions of a too-strong Swiss Franc, even as neighboring Eurozone economies hold steady. The Credit Suisse/SVME Purchasing Manager’s Index, which gauges business sentiment in the manufacturing sector, fell to 48.2 in September declining from August’s 51.7 and falling below the consensus… Read more
