 Swiss Franc weakness is the main theme in a rather directionless markets today. In particular, EUR/CHF is leading the way higher on expectation of policy divergence between ECB and SNB. Also, the need for safe haven diminished much after situations in Turkey and Italy stabilized for a while. Funds are flowing back from the Franc back to Euro. This could be reflected in the strong rally in German 10 year bund yield too. At the time of writing, German 10 year bund year is rising 0.023 to 0.535. Both the Pound and Euro are the stronger ones today. But their strength remain unconvincing. EUR/USD, GBP/USD, EUR/JPY and GBP/JPY are bounded in familiar range. For now, it seems traders are refusing to commit ahead of FOMC rate hike and projections tomorrow. In other markets, major European indices are trading higher today. At the time of writing, DAX is up 0.21%, CAC up 0.18% and FTSE up 0.55%. Earlier in Asia, Nikkei closed up 0.29% and Singapore Strait Times rose 0.53%. China Shanghai SSE dropped -1.62% to close at 27499.39. WTI crude oil continues this week's rally and is up 0.5% at 72.44 for now. Gold is still gyrating in tight range around 1200 handle. | 
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