The Swiss National Bank (SNB) raised the policy rate by another 50bp at today’s meeting. With this hike, the rate has reached 1%, a stunning development for the Swiss economy and the Swiss franc, cons...
Tag: SNB
USD/CHF forecast after the SNB and Fed rate hikes
The USD/CHF exchange rate has been in a freefall in the past few weeks as investors focused on the actions by the Federal Reserve and the Swiss National Bank (SNB). It crashed to a low of 0.9213, whic...
USD/CHF forms double-top after hawkish SNB statement
The USD/CHF price slipped to the lowest point since October 27th as investors reacted to the hawkish statement by Thomas Jordan. It dropped to a low of 0.9885, which was about 2.57% below the highest ...
Credit Suisse shares are a ‘steal,’ say new Saudi backers SNB
The chairman of one of Credit Suisse’s newest and biggest shareholders called on the beleaguered bank to deliver a swift overhaul and return to a “very stable, conservative Swiss banking p...
Swiss National Bank SNB is actively dumping FANG stocks
Firms in the US are pointing to economic turbulence in the face of the upcoming earnings season, potentially preparing investors for lower guidance. This makes the markets more treacherous within the ...
USD/CHF prediction ahead of the Fed and SNB rate decisions
The USD/CHF price rose for the second straight day as the focus shifts to the upcoming meetings by the Swiss National Bank (SNB) and the Federal Reserve. It rose modestly to a high of 0.9670, which wa...
Is it safe to buy the Swiss franc after SNB hiked 50bp?
The trading week is not over yet, but financial market participants might as well say that this is, so far, the most interesting trading week in years. Major central banks appear to have coordinated t...
USD/CHF forecast ahead of the SNB and Fed rate decision
The USD/CHF price rose to parity for the first level since May ahead of the upcoming interest rate decisions by the Federal Reserve and the Swiss National Bank (SNB). It is trading at 1.0004, which is...
Fed and SNB in focus
The USD/CHF pair is slowly forming a rounded bottom as investors focus on monetary policy by the Federal Reserve and the Swiss National Bank (SNB). The pair is trading at 0.9627, which is slightly abo...
Does Bitcoin Not Matches Requirements To Be A Reserve Currency? SNB Chairman Thinks So
Thomas Jordan, the chair of Swiss National Bank recently signified their skepticism if Bitcoin is actually a must-have on their Balance Sheet. He highlights that as of now, they don’t think BTC...
Swiss National Bank (SNB) Opposes Using Bitcoin as a Reserve Currency
Thomas Jordan, the Swiss National Bank’s (SNB) Chairman, stated on Friday during a meeting that the central bank is against buying and holding Bitcoin Bitcoin Bitcoin is the world’s first digital cu...
USD/CHF forecast and SNB interest rate decision preview
The USD/CHF pair has been under pressure in the past few days as investors reflect on the actions of the Federal Reserve and the Swiss National Bank (SNB). It is trading at 0.9316, which is about 1.51...
The SNB May Intervene Due to the Russia-Ukraine Crisis
As the tension between Ukraine and Russia is intensifying, volatility is expected to increase in global markets. The EU upped its sanctions on Russia, cutting ‘selected banks’ from SWIFT. ...
SNB member states against traditional CBDC
The member of SNB, Andrea Maechler stages against digital Franc. However, she further stated that SNB is interested in developing Wholesale CBDCs. Switzerland had initiated the wholesale CBDC conc...
This SNB Governing Board Member Says The Risks of a CBDC Outweighs Its Benefits
An active member of the governing board for the Swiss National Bank (SNB) Andréa Maechler, has recently disclosed the thoughts of most of her colleagues at the central bank, especially regarding the i...
‘The risks outweigh the benefits’ of a Swiss CBDC, says SNB governing board member
Andréa Maechler, a member of the governing board for the Swiss National Bank, or SNB, has reportedly altered her position on the central bank issuing a digital franc. According to a Tuesday report fr...