Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Sizable disappointment from European Central Bank (ECB) that pushed back Dollar across the board, has created a window of opportunity, to the downside.
With monetary policy divergence, lesser than expected and possible profit booking spree after rate hike from US Federal Reserve may lead to further depreciation in Dollar. Market was expecting SNB will take some further action, once ECB easing is done with. As of now, after big disappointment last week, it doesn't seem necessary for SNB to act today.
So expect another dull day from Swiss national bank (SNB), which is scheduled to release monetary policy today at 8:30 GMT.
Trade idea -
We are bearish on Franc over the longer horizon, however now may not be the best of times to sell Franc especially against Dollar.
Sell Dollar against Franc at current rate of 0.985 and at bounce back (especially post FOMC), with stop loss around 1.033 and target around 0.9-0.895 area. Parity is likely to act as resistance.
