JohnKicklighter
Long

USDCHF Takes its Cues from EURUSD

FX_IDC:USDCHF   US DOLLAR / SWISS FRANC
148 2 8
While the SNB has abandoned the floor on EURCHF             , it hasn't given up on its efforts to remain in step with ECB monetary policy . They can't afford to. In the drive to accommodation in the Eurozone, there is a lag from Switzerland and potentially a capital inflow that can drive the Franc higher. With the ECB contemplating a QE upgrade in December, the SNB may be forced to up the ante and subsequently drive USDCHF             beyond parity.
Same view, brilliant.

Tom
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Yes sir, will be a terrific trade.
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