Nice work Mike, always good to hear thinking out loud.
Re CHF, lots of guys afraid of it, myself included. Bad enough when there is overt CB intervention, but when it is covert then that makes for an extra risk.
It is interesting that you have highlighted something that has been bothering on FX - the Euro.
In the past when analysts have written it down it somehow rebounds like the mythical phoenix, always rising from the ashes.
It’s back there again, getting written down, so is there is a light, even a glimmer of a phoenix.
Hmmm… a news article on Thursday has already been relegated on most sites.
Note the floor set on interest rates by proxy, on the second last paragraph.
(btw even the BBC have already relegated this story, it has to be searched for).
BBC News - ECB raises eurozone growth forecast to 1.5% for 2015