Greetings Everyone!
We are about an hour from the Swiss National Bank confirming the .25% bps Rate Cut… and again… despite the “mistake” of the SNB “leaking” their Decision early… is still must be confirmed.
As is the “true” case with Fundamental Data Points… Information and Calculations are always manipulated by Rhetoric, Time, and other “Tools”.
We have some Risk-Aversion entering back into the Markets with a deeply stronger Yen… especially in the Main Yen Crosses, and we see Dollar strength as well.
Let’s check in briefly with the Euro and the Swissy since our last Post and see where we are, so give the Captures a Click… and Post-Time is 11:35 GMT.
Now… be mindful of the Counter-Trend in the Euro… as we may simply see “shallower” Appreciation moving forward.
With U.S. Jobless Claims and Retail Sales on the way… as well as our SNB Rate Confirmation… “Muted” Price Action will be favored in the immediate near-term.
I will be back with you, of course, after the Data Points are digested… and we will see the extent of Collateral Damage either left by… or going into… the Dollar.
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