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Trading currency pair USD / CHF

 

This index is the fourth most traded indexes in the world which is an acronym for trading the US dollar against the Swiss franc USD CHF. The value of this indicator is a crop of Swiss francs (currency valuation) that we need to buy US dollars and one (base currency) For example, if the index 1.00 price, we need to CHF 1 to be able to buy US $ 1. Nicknamed speculation on the Japanese Yen trade Souissi Swissie.

 

The price of the USD / CHF is affected by several factors, including differences between interest rates in the two countries and declared by the Swiss National Bank SNB Swiss National Bank and the US Federal FED wa For example, when the Fed intervenes in the open market to support the US dollar, down USD / CHF due to higher dollar index US against the Swiss franc.

 

In many cases, the pair USD / CHF is characterized by a positive relationship with the pair USD / JPY (US dollar / Japanese yen) and a pair USD / CAD (US Dollar / Canadian Dollar) because all these pairs using the US dollar as a currency basis. In case of a falling dollar value American landing the value of these three couples.

 

 

Switzerland is considered a safe haven for investors around the world and a global repository for money and gold in particular, and thus increasing the stability of the economy of Switzerland is the peace enjoyed by the thirteenth century.

 

Swiss Economy:

 

Despite the small size, Switzerland has a stable and prosperous economy dependent on high-tech and enjoyed great wealth, is being considered as the richest country in the world in terms of per capita share of the financial state. In 2011 Switzerland was ranked first in the list of the richest countries in the world in terms of per citizen of the nation's wealth, as the World Wealth Report 2013 from Credit Suisse showed that Switzerland is the country with the highest average wealth per adult in 2013. Switzerland has a nineteenth-largest economy in the world in terms of GDP and the thirty-sixth in terms of purchasing power. Switzerland has the highest rating in the European Economic Freedom Index for 2010, while providing extensive coverage through public services. And GDP per capita is higher than in Japan and all of Europe and the United States.

 

Swiss banks:

 

Swiss military mercenaries brought money home since the fourteenth century and helped these funds began to Swiss banks. Bank Wegelin & Co., which was established in 1741, is the oldest bank in Switzerland continues to exist to this day. Hentsch and Lombard was founded in 1796 as the first private banks Geneva. More than 12% of the citizens of Switzerland in the banking sector and the financial sector works. Swiss banks are the most important:

 

UBS 1862

Credit Suisse 1856

Hottinger 1873

Mirabaud

The law provides for the Swiss banks in 1934 that the disclosure of the bank account holder name is a criminal offense in Switzerland. Swiss bank secrecy to protect customer privacy under Swiss law is similar to the protection of confidentiality between doctors and patients or lawyers and their clients. The Swiss government is the right to privacy a fundamental democratic principle must be protected by all democratic countries. Swiss banks to protect the wealth of individuals and organizations from all over the world but also dictators and despots funds in addition to the gangsters and arms dealers and corrupt officials and beneficiaries of tax fraud types. The funds in Switzerland will be protected and capable of immediate use, regardless of the source.

 

 The minimum to open a bank account in a Swiss bank is 250 000 Swiss francs as it is not possible for the citizens of the United States and who have a work-binding taxes in the United States to open a bank account in the State of Switzerland.

 

2011 - 2014: large movements on the Swiss

 

 

 

In March 2011, the Swiss franc has risen significantly against the US dollar to penetrate held at a price of US $ 1.1-point Swiss francs per (USD / CHF 0.91) and within three months, breaking through the price of US $ 1.20 francs per (USD / CHF 0.83) because of asylum investors to the Swiss franc as a safe haven for their money after the collapse of the Greek economy. During the two-month Swiss franc per exceeded US $ 1.30, prompting officials in both the United States and the European Union to encourage the Swiss financial body prints and pumping billions of Swiss francs for the reduction of its value. The pressure on Switzerland too severe to the extent that the interest rate in Switzerland has become negative (Swiss banks pay to those who take such loans).

 

On the sixth of September 2011 it seemed clear that the Swiss franc Setsaoy with the euro after hitting the exchange rate to 1.1 Swiss francs per euro, therefore the Swiss National Bank to halt the rise in the value of the franc and determine the minimum price for the euro at the level of 1.2 Swiss francs, which led to a decline in the value of the Swiss franc against the US dollar by 9.5% and 8.8% against the euro and 9% against 16 other Forex currency during the 14 minutes.

 

Francogeddon movement: disengagement from the euro 2015- the day that will be remembered franc traders

 

In the fifteenth of January (January) 2015, and after slides in the euro rate against the world's currencies, the Swiss National Bank decided to surprise step unzip Brt value of the Swiss franc, the value of the euro exchange lowest level of 1.20 francs per euro rate, which led to a rise of 30% (!) in the value of the Swiss franc against the euro within minutes, which is more than the total moves through more than a thousand the previous day on the index. This step has not been announced in advance, causing the massive movements in the forex market and dilemmas by brokerage firms and investment. On the same day the euro and the US dollar was amended slightly from collapse against the Swiss franc and closed higher today 23% of the franc against the euro and 21% against the US dollar. It was the profit rate for the Swiss franc Mharian in this day 31 000 US dollars.

 

Video Section

Gulf FX London educational seminar - Dr. Anthony Wangford

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