Continuing uncertainty related to Greece, the RBA surprisingly easing monetary policy, US labour data surprising positively, and intensifying speculation regarding the SNB trying to stabilise EUR/CHF at levels at around 1.05 have all been keeping FX volatility elevated this week. Considering that speculative G10 FX positioning remains close to multi-month highs and as Greece will continue to attract investors’ attention, this is unlikely to change next week. From a data-driven point of view, our FX Execution Mapper suggests that volatility will spike next Thursday, mainly on the back of Australian employment data and ... (full story)