USA at 250: the Black American struggle for life, liberty and the pursuit of happiness 
Citi Raises TSMC Price Target as AI Chip Demand Strengthens Growth Outlook 
Buy the Dip: Gold Holds Strong at $3980, Targets $4150 
Michael Burry Shorts Tesla at $416 as AI and Semiconductor Bearish Bets Expand 
Alcohol is one of the most dangerous drugs, yet its presence is ubiquitous in social settings and celebrations 
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027 
Goldman Sachs Says China Competition Weighs More on EU Growth Than Trade Deficit 
Morgan Stanley Names BAE Systems Top European Defence Stock Despite Lower Price Target 
AI can be a personal trainer in your pocket – but is it safe? 
JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026 
Looking at Euro's relative resilience against Franc, suggests that Swiss National Bank (SNB) might be very active in the pair. While Euro is down close to 350 pips against Dollar as President Draghi indicated that European Central Bank (ECB) might ease policy post December, it is down just by less than 100 pips against Franc.
- Given large trade imbalance of Switzerland with Euro Zone, SNB has made it's a de-facto priority to not to let Euro depreciate much against Franc. Large balance sheet increase and Euro's inability to break below 1.02 against Franc suggested heavy intervention by SNB to protect the level.
Price action post ECB press conference suggests SNB to active in the pair. If FED sounds hawkish this week SNB might have to become more active in the pair.
However, the bank is facing tough time and is likely to face more if ECB do ease policy further in December or first quarter next year. SNB decided to abandon its 1.2 Euro-Franc peg just before ECB unleased massive rounds of asset purchase.
Euro is currently trading at 1.082 against Franc.
