EUR/CHF likely moves upside ahead of ECB's December meeting

The KOF leading growth indicator in Switzerland, GDP and CPI inflation will slightly impact and the import data  will only be of second importance despite expectations for a stabilization in inflation and growth.

The Swiss Franc will likely trade largely after the ECB meeting. Latest ECB meeting rhetoric has risen market expectations for additional stimulus from SNB, which causes CHF depreciation.

Swiss National Bank might not pre-empt the ECB, but however respond at its December meeting with its "nuclear" option, causing material CHF depreciation. 

"We see EUR/CHF higher post the SNB meeting and expect the SNB to actively intervene post ECB should EURCHF depreciate. We remain long USDCHF spot and look for material further upside", says Barclays in a research note.