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- didi_doedel replied Jul 24, 2013
Post Finance got a bank licence and is now considered domestic instead of other deposits. The total sight deposits did not move since Sept. 2012, still 370 billion.
- didi_doedel replied Jul 6, 2013
Deflation has nearly come to an end and PPP is converging. How can you dream of a floor hike? They should remove the floor, but they can't in view of their Forex.
- didi_doedel replied Feb 20, 2013
For 2012 a new trade balance record will be reached: url See also url for per capita info.
- didi_doedel replied Feb 20, 2013
The sight deposits of National Banks at SNB was around 25b mid 2011, now we are at 285b. Selling EUR at 1,23 and buying back at 1,20 would make a profit, but investors might then worry to be outsmarted again by SNB, so the Swissie might then be ...
- didi_doedel replied Nov 29, 2012
Jordan continues to speak of "extreme circumstances". I can't stand this nonsense any more. Swiss reality is: - employment level 4.14m all time high - unemployment rate 3,0% close to all time low - GDP growth 0.6% q/q - Trade balance 2.82b close to ...
- didi_doedel replied Nov 22, 2012
There are exactly zero countries in the world that prefer their economy to the Swiss economy.
- didi_doedel replied Nov 21, 2012
Looking at the stellar trade balance, I would not dare to say that the rate is a burden to the economy. You find the balance in the calendar, then see what happened in the last ten years. Rather the SNB intervention is a burden for other countries ...
- didi_doedel replied Nov 19, 2012
He recalled that in September there was utmost determination :-)) A way of not saying what they think now.
- didi_doedel replied Nov 13, 2012
And if we had again -0.1% next month, YoY PPI would be +1.3% ... And imagine for one second that SNB would really raise the floor now to 1.25. Then import prices would rise and PPI inflation would be even higher, which would cause the SNB to admit ...
- didi_doedel replied Nov 7, 2012
You're right, CPI was below expectation, therefore still negative YoY. I expect inflation to rise because a) SNB printed money at a rate and in quantities never seen in any stable country b) there is a housing bubble c) unemployment is very low d) ...
- didi_doedel replied Nov 6, 2012
Housing market reached bubble zone : url With tomorrows CPI data, y/y inflation will be zero, so the end of deflation is reached. Then SNB might become more busy again.
- didi_doedel replied Nov 5, 2012
Massive offloading lol. At this rate the 160b extra reserves will take a bit more than 4 years ...
- didi_doedel replied Nov 1, 2012
SNB diversified their FX reserves and sold €63b for USD and GBP (Geoffrey Kendrick, Nomura). url
- didi_doedel replied Oct 30, 2012
You might want to read Mr. Danthine's speech of 25.Oct, in particular the paragraph starting with "Turning to the indebtedness of households ..." url
- didi_doedel replied Oct 29, 2012
That's not what they said: url and they don't have tools to force anyone to pay 1,30CHF for 1EUR. What they can do is to dampen the real estate bubble and capital influx.
- didi_doedel replied Oct 24, 2012
For me everything as expected: -they are concerned about housing bubble -they fear inflation (why else would you have concerns about low unemployment, cash influx, low mortgage rates ?) -rate remains between 1,201 and 1,22. The "extraordinary" ...
- didi_doedel replied Oct 23, 2012
That's a rather gratuitous question since 1) he did not see CHF falling by itself but only by SNB floor hike 2) he abandoned this view long time ago 3) who cares what he said so many months ago url
- didi_doedel replied Oct 22, 2012
Only domestic ones decreased, other sight deposits increased and the total increased slightly. No big change since 6 weeks. Les jeux sont faits?
- didi_doedel replied Oct 16, 2012
Producer prices CHF: -2.3% y/y Jan 2012 +0.4% y/y Sep 2012 see url
- didi_doedel replied Oct 16, 2012
More precisely: url Low value 1,1998 found at 15.10. "Tagestief". I also saw it yesterday in the chart, it was a short spike in the European evening. Presumably an error.