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EUR/CHF : the meeting is scheduled tomorrow

After the surprising release of the ECB last month,  one could await an answer from the SNB (Swiss National Bank). Speculations are growing  after  Thomas Moser, interim member of the SNB’ board, contended he was  looking into a negative deposit rate. 46 more words

ECB

Will the Swiss Vote to Get Their Gold Back?

On November 30th, 2014, the Swiss voters will head to the polls to vote in a referendum on gold.

On the ballot is a measure to prohibit the Swiss National Bank (SNB) from further gold sales, to repatriate Swiss-owned gold to Switzerland, and to mandate that gold make up at least 20 percent of the SNB’s assets. 52 more words

Gold

Notes From Underground: The Swiss Finally Realize They're the Ones Holding a Zero Hand

After the newest moves by the wily fox Mario Draghi last Thursday, NOTES raised the issue of what the Swiss National Bank would do in response to the negative vibes emanating from the guardians of the… 772 more words

Currency

Whats up Schweizerische Nationalbank?

Once again, SNB resorted to verbal intervention to try steer the CHF lower. SNB spokesman mentioned SNB will take extra measures if required, to weaken the Franc, including negative interest rates. 138 more words

EUR/CHF : risk is hiking

Last friday, the price of the EUR/CHF was falling to 1,2048 so much so that Governor Jordan, President of the SNB did not hesitate to recall that the SNB is ready to defend the Swiss Franc. 20 more words

Forex

Weekly thoughts: 31/08/2014

EURUSD closed the week at the lows of 1.3130. The other EUR crosses also closed at the lows/near-lows. This is despite month-end flows which are EUR bullish. 578 more words