EUR/CHF (BUY) Active-Signal 100% tp SL1.1945 TP1.2110 Latest SNB Intervention Update: Weekly Sight Deposits Sight deposits are currently the only means of financing for SNB currency (and maybe after the referendum for gold) purchases. The IMF-compliant weekly monetary data release on the SNB website provides the recent developments in sight deposits. Therefore the weekly monetary data gives an far earlier indication of of SNB interventions than the relatively late releases of balance sheet data. The reader finds the latest data below. Definitions: Sight Deposits of Swiss banks. This is part of M0: Due to the money multiplier effect, then it would be a bigger issue than the increase of: “Other Sight Deposits” of counter-parties with an account at the SNB (not included in M0 !). Inside the monetary data these include the Swiss confederation that gives loans to the SNB. These counter parties are also insurances, pension funds, investment companies and foreign banks and institutions. They are not part of M0, because they are not able to “multiple money” with loans to the public.
Posted on: Mon, 24 Nov 2014 03:07:40 +0000
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