Search Results for: Swiss National Bank
The dollar fell against a broad range of currencies on Monday
March 16th, 2020
The dollar fell against a broad range of currencies on Monday after the U.S. Federal Reserve made another surprise interest rate cut and major central banks took steps to relieve a shortage of dollars in financial markets. The U.S. ...
Negative interest rates and gold
August 30th, 2019
The reason for persistent strength in the price of gold can be found in the changing relationship between time preference for monetary gold, and a new round of interest rate suppression for the dollar. Evidence mounts that the ...
Currencies threatened by a credit crisis
February 15th, 2019
In this article I draw attention to the similarities between the current economic situation and that of 1929, and the threat to today’s unbacked currencies. There is the coincidence of trade protectionism with the top of the credit cycle, ...
The world’s biggest hedge fund is getting whacked, and why “Moneyness” matters
December 12th, 2018
A few years ago the Swiss National Bank (SNB) – which traditionally held “monetary assets” like government bonds, cash and gold to back up the Swiss franc — decided to branch out into common stocks. This was a ...
Yen Fell 0.1 Percent, Euro Was Steady, Pound Rose; Chinese shares declined
December 14th, 2017
Chinese shares declined after a surprise hike in short-term interest rates by China’s central bank, though there was little impact more broadly in Asia as investors digested the Federal Reserve’s latest rate increase of its own, and an updated ...
Asian Stocks Advanced; Here Are Some Of The Key Events Coming This Week
December 11th, 2017
Asian Stocks advanced, though volumes were subdued, after U.S. labor market figures lifted optimism on global growth, propelling Wall Street to fresh record highs. The dollar declined. The Nikkei 225 Stock Average reclaimed a 26-year high as Tokyo shares ...
Safe-haven currencies rise as North Korea tensions brew
August 10th, 2017
Traditional safe-haven currencies including the Swiss franc and Japanese yen rose on Wednesday, boosted by worries about increased tensions between the United States and North Korea. The greenback slipped 0.83 percent to a near two-week low against the Swiss ...
Global Brokerage, Inc. announces First Quarter 2017 results
May 16th, 2017
First Quarter 2017 Highlights: U.S. GAAP net revenues from continuing operations of $45.9 million U.S. GAAP net loss attributable to Global Brokerage, Inc. from continuing operations of $24.5 million or $3.99 per diluted share. U.S. GAAP net loss from ...
Global Brokerage Inc. releases Q4 2016 results and informs on financing arrangements with Leucadia
March 21st, 2017
U.S. GAAP net revenues from continuing operations of $80.6 million U.S. GAAP net income attributable to Global Brokerage, Inc. from continuing operations of $10.7 million or $1.91 per diluted share, including a $6.4 million gain on derivative liability U.S. ...
Asian Stocks Follow U.S. Lower Amid Wild Oil Swing: Markets Wrap
March 15th, 2017
Stockpiles report reverses oil drop tied to Saudi output Equities from Singapore to Tokyo slip ahead of Fed decision Crude oil whipsawed on production and stockpiles reports, while most Asian markets followed U.S. equities lower and the dollar slipped ...