watch the upwards move of the CHADCHF pair.
why I like this trade:
CAD perspective:
- CAD employment report with a BLOWOUT number (again!) with +150k jobs created (most of them fulltime)!
- BOC on hold but another job report like this and they will feel pressure for more rate hikes
- inflation falling in canada but core remains sticky (so far)
- migration is booming creating growth for GDP and housing
- housing so far steady (but a clear risk for sure)
- oil with upwards potential
CHF perspective:
- Swiss inflation is falling (although the CPI number today will beat the market expectations of 2.9% YY)
- SNB will hike 1 or max 2 times this year and then close their hiking cycle as inflation will get back to their target in H2 2023
- SNB have become sligthly more tolerant for CHF depreciation as shown in their FX sales numbers
- Trendfollowing Algos are heavily short CADCHF, they need to be squezzed out like a lemon
why I like this trade:
CAD perspective:
- CAD employment report with a BLOWOUT number (again!) with +150k jobs created (most of them fulltime)!
- BOC on hold but another job report like this and they will feel pressure for more rate hikes
- inflation falling in canada but core remains sticky (so far)
- migration is booming creating growth for GDP and housing
- housing so far steady (but a clear risk for sure)
- oil with upwards potential
CHF perspective:
- Swiss inflation is falling (although the CPI number today will beat the market expectations of 2.9% YY)
- SNB will hike 1 or max 2 times this year and then close their hiking cycle as inflation will get back to their target in H2 2023
- SNB have become sligthly more tolerant for CHF depreciation as shown in their FX sales numbers
- Trendfollowing Algos are heavily short CADCHF, they need to be squezzed out like a lemon
Ghi chú
As forecasted the Swiss CPI numbers beat the market expectations with a 3.3% YY reading.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.