Swiss National Bank

Digital-Currency Milestone: Somebody Just Bought A House With Bitcoin

A day after Bridgewater Associates Founder Ray Dalio claimed that bitcoin was "definitely in a bubble" partly because he said the digital currency was too difficult to spend, CoinTelegraph is reporting that the first-ever bitcoin-only real-estate transaction has been completed in Texas.

Forget Tulips & Bitcoin - Here's The Real Bubble

While the broader market for Swiss stocks has risen modestly this year, one 'entity' has outperformed its peers by such a staggering margin, it has left bamboozled market experts struggling for an explanation...

The Cleanest Shirt Is Actually Pretty Dirty

"Investors piled into America in the initial stages of his Presidency, but have spent the next six months exiting... The weakness of the US stock market has been masked by a falling US dollar... if the US dollar rallies from here, it will not be good for US stocks."

What's Next For The VIX? RBC Explains

"From a ‘vol control’ fund deleveraging perspective, we still aren’t likely to have seen heavy de-risking flows from the masses yet (many targets at 8 or 10), as SPX realized vol—even of the short-term 20d varietal—remains painfully low at 6.5.  So, in order to ‘trigger’ it would either require another violent jump in vol, or a few more days further in this 15-16-17 vols level to ‘drag up’ the trailing number."

Swiss Banks Paid Out €1 Billion In Negative Interest Rates In The First Half

Swiss banks paid 970 million Swiss francs ($1 billion) in negative interest rate charges in the first half of 2017, a 40% surge from the previous year, as clients continued to hoard even more cash despite every possible action undertaken by the central bank to force savers to spend, or better yet, invest the funds.

FX Week Ahead: Can The Swiss National Bank Breathe A Sigh Of Relief?

Having focused on the USD in recent weeks, and how the market has rounded on the greenback 'en masse', we can finally look to some exchange rate moves outside of the major spot rates.  Sharp losses in the CHF have shown that the big money is taking note of the recovery in the Euro zone, and that investment prospects look good as the smaller member states are gaining traction alongside the power house that is Germany.