switzerland forex

Switzerland finds itself on the brink of a historic vote this weekend, as the country takes to the polls for the Vollgeld referendum. Essentially, the Vollgeld initiative intends to change the way that money is created in Switzerland. Capital Creation Being Challenged At the moment, as with the rest of the developed world, commercial banks in ...

2018-06-06 James Harte Read more
Vollgeld Referendum

The rise of cryptocurrencies and e-currencies has been a major theme in markets over the last year and as the popularity (and price) of many major digital currencies has soared, they have been pushed further and further into mainstream focus. This focus has now grown to the extent that many central banks and governments have been debating whethe...

2018-05-07 James Harte Read more
Final GDP releases

Economic data for the week ahead will slightly take a back seat with only a few central bank meetings lined up. The Swiss National Bank will be holding its quarterly monetary policy meeting this week. The 3-month LIBOR rate is expected to remain unchanged. Later, the Norges bank will be holding its monthly monetary policy meeting. Norges bank...

2018-03-23 John Benjamin Read more

The week ahead will be a busy one with various central bank meetings lined up. Among the meetings, the FOMC's monetary policy meeting on Wednesday stands outs as the central bank is widely expected to hike interest rates. The ECB and the BoE meetings will remain in the background with no major changes expected. On the economic front, data nex...

2018-01-25 John Benjamin Read more
COT report_Sterling_ECB

EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 11k contracts to take the total position to 72k contracts. A resurgent US Dollar amid better US data and heightened expectations of a December rate hike has weighed on EUR sentiment following the ECB’s latest meeting which saw the market disappointed by the ...

2018-01-25 James Harte Read more
COT report_Sterling_ECB

EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 23k contracts to take the total position to 63k contracts. EUR has now been net-sold for three out of the last four weeks despite strong signals by the ECB that they will announce further tapering at the upcoming October meeting. Uncertainty ahead of the Ger...

2017-10-22 James Harte Read more
COT report_Sterling_ECB

This data references the period ending Tuesday, July 12th. EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 10k contracts to take the total position to 86k contracts. This latest position adjustment comes on the back of the ECB’s September meeting. The bank had widely been expected to announce further t...

2017-10-22 James Harte Read more
COT report_Sterling_ECB

This data references the period ending Tuesday, September 5th. EURUSD Non-Commercials increased their net long positions in the Euro last week buying a further 9.8k contracts to take the total position to 96k contracts. This latest increase in buying strength came ahead of the ECB’s September meeting which was widely expected to see the ba...

2017-09-11 James Harte Read more
SNB intervention

The central bank monetary policy decisions continue into another week. However, this time around it is quite likely that there will not be any surprises. On the agenda this week, the Swiss National Bank will be meeting for its quarterly monetary policy review. This is later followed by the Bank of England's monetary policy decision on Thursday. ...

2017-09-11 John Benjamin Read more
SNB intervention

CHF Sliding Lower The main market focus over the last two weeks has been the July ECB and FOMC meetings. However, aside from these two meetings there has been an important development with the SNB who finally managed to loosen their monetary policy, making the Swiss Franc the only G10 currency to weaken against the US Dollar last week. Indeed, ...

2017-08-02 James Harte Read more