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European Open: BOE and SNB could be live meetings today
With the FOMC meeting in the rear view mirror, the focus now shifts to Europe where the UK and SNB announce their interest rate decisions.
European Open: SNB come to the rescue of Credit Suisse, ECB up next
The SNB (Swiss National Bank) has swept in to provide much needed liquidity to Credit Suisse, which should soothe some concerns over risk to the financial system.
Swiss CPI: Just when you thought inflation was coming to an end…
The Swiss headline print was 3.3% YoY vs an expectation of 2.9% YoY
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European Open: FTSE bulls eye 7600 - SNB, BOE and ECB up next
The bullish bias on the FTSE is holding up so far, and attention now moves over to central bank meetings with the SNB, BOE and ECB over a 7-hour period today.
SNB hikes 75bps, but Franc’s not satisfied
The SNB hiked rates by 75bps today. However, the inconspicuous comments by the central bank left EUR/CHF weary as to if there are more to come.
Nothing changes for gold, stocks as yields resume higher
Bearish trend persist for indices and metals as investors watch yields continue to rise following a flurry of central bank action this week.
The SNB could surprise (again) with a larger than expected hike
The SNB (Swiss National Bank) are expected to hike interest rates tomorrow, which would send their rate above zero for the first time since 2011.
Heed the SNB’s warning if inflation reading is high!
The SNB has already given warnings that it could take monetary policy action between meetings if necessary.
SNB surprises everyone and hikes 50bps! USD/CHF falls 300 pips
The central bank also said the franc is no longer overvalued; however, they stand ready to intervene in the fx market if necessary.
European Open: GBP/CHF in focus for today’s SNB and BOE meetings
Hot on the heels of the Fed meeting, the SNB (Swiss National Bank) and BOE (Bank of England) are up next in today’s European session.
Swiss CPI strong; Is the SNB ready to act?
The CPI reading for Switzerland in April was 2.9% YoY, its highest level since September 2008!
Are SNB being ‘franc’ about a potential hike?
Comments from SNB’s president suggest the central bank might be closer to hiking rates sooner than some expect.
EUR/CHF has potential for a big drop (but not THAT big)
A possible 175 pip move down to 1.0334 is definitely something to be on the lookout for
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