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Welcome to Thursday!
With such deep volatility and activity all week… we check in once again with the Euro and the Swissy!
The Risk Appetite Climate has “re-coupled” them on an IntraDay basis, and we see their “Inverse” Correlation largely back intact….. and I emphasize “largely”… as it is pretty “noisy” in terms of Directionality.
In the Macro-View… we do have the Swiss National Bank’s Interest Rate Decision tomorrow… that may certainly bring some volatility to the Unit.
In about 7 hours time… the Consensus is for a .25 bps Cut from .50% to .25%, and this is, indeed… largely “Priced-In” to the Markets.
In my personal view … even a hold or more significant Cut above Consensus will not be a catastrophic Market Mover.
But why, CVJ?… Why would it not have an Impact?… What… are you a Market God now?… A Genius?… hee hee hee…” , the CVJ Fan Club Guys say with deep sarcasm.
No, Boys… I certainly am not. It is simply that the SNB “accidentally” released the Decision a day early !!!” , I say with the joy of putting the Boys in their place. 
That’s right. Early.
But… it is not “Officially” confirmed, and will not be until the SNB confirms it a few hours from now.
In any event… the .25% bps Cut is “in the cards”, as we say.
Let’s check the Captures, and here are the Hourlies of both with Commentary so give them a Click.
Post-Time tonight is 2:30 GMT.
( We will continue on with our Units we have been looking at all week, as I felt one large Post would simply be too cumbersome…. so my apologies there… )