Swiss National Bank out with 2016 earnings to end-Sept 31 Oct

  • 9-month gold valuation profit CHF 7.5bln
  • 9-month profit on fx positions CHF 20.3bln
  • 9-month profit on CHF positions CHF 1.3bln, of which CHF 1.1bln from neg interest rate charges
  • 33% of fx reserves USD
  • 42.2% EUR
  • 8% JPY
  • 7% GBP

Some of you I know are still throwing darts at images of Jordan & Co so will take no joy at seeing these latest SNB earnings.

Full release here

The face of a man on a few dart boards of retail fx traders