BNP
Suggests buying USD/CHF at 0.9365 with a target of 0.9750 and a stop at 0.9210. They are bullish USD despite saying there will be no taper in Sept.
Nomura
Suggests buying EUR/CHF at 1.2330 with a stop at 1.2000. They closed a long USD/CHF position.
If you flesh it out, it’s about EUR/USD with Nomura as the bullish bet and BNP on the other side. Interestingly, Citi notes that their strongest positive economic surprise index is Switzerland.
