Big Swiss Data Coming up

As the euro sustains the burden of disinflationary risks in the Eurozone, what about the Swiss franc; whose inflation drifts at 0.2% y/y and could hit 0% y/y on a EU-harmonized level according to tomorrow's data. On May 20, we issue a Premium trade on USDCHF, with a chart warning of a potential triple top in CHF net longs vs USD. Today, CHF net commitments have plunged to their biggest net shorts since June 2013.  Tomorrow's key data on Swiss CPI and retail sales will be watched by SNB, whose Governing Council member Zurbruegg issued  a warning two days ago. Today, we issue a new note on USDCHF and on AUDUSD ahead of this week's key Aussie jobs data.