CADCHF 1:2 Risk Reward (Potential Setup)
Fundamental LogicStrategy Scores:
- Strong signs for CAD +22
- Weaker signs for CHF -27
CAD Fundamentals:
- Retail sales 1.1% increase by 0.1%
- Core retail sales increased by 1% massive jump for consumer consumption towards GDP
- Manufacturing sales 2.1% increased from -0.2%, this is a big component for exporters, more sales meaning higher consumption domestically but also abroad for domestic goods.
- Employment numbers up in Canada showing more people being employed leading to higher consumption, more spending, more investing and more demand for the currency.
- 9th may Exports increased by 1.05 billion, exceeding expectations of by 1 billion.
- Massive increase in the construction industry 235.5k housing starts leading to healthy lending from the banks, more employment from construction, more demand for imports for materials and more producer/manufacturing sales.
Overall healthy signs for the Canadian Dollar, undervalued currently as of my point of view.
CHF Fundamentals:
- Trade balance significantly lower than last month, dropping to 2.294Billion from 3.2Billion
- GDP was above expectations however already priced in no market volatility from the release.
- PPI had no growth sitting at 0% decreasing by 0.3% suggesting price of goods are not changing leading to no inflation and no changes to interest rates.
- Consumer confidence dropping to -6 from -4 showing the domestic consumers are not very certain of the future currently, leading to reduced consumption in the economy ands spending overall.
- Leading to Retail sales figures of -0.7% a very large drop in sales in the country
Overall, a weak month of data for the CHF all leading to less demand for the CHF.
- Strong signs for CAD +22
- Weaker signs for CHF -27
CAD Fundamentals:
- Retail sales 1.1% increase by 0.1%
- Core retail sales increased by 1% massive jump for consumer consumption towards GDP
- Manufacturing sales 2.1% increased from -0.2%, this is a big component for exporters, more sales meaning higher consumption domestically but also abroad for domestic goods.
- Employment numbers up in Canada showing more people being employed leading to higher consumption, more spending, more investing and more demand for the currency.
- 9th may Exports increased by 1.05 billion, exceeding expectations of by 1 billion.
- Massive increase in the construction industry 235.5k housing starts leading to healthy lending from the banks, more employment from construction, more demand for imports for materials and more producer/manufacturing sales.
Overall healthy signs for the Canadian Dollar, undervalued currently as of my point of view.
CHF Fundamentals:
- Trade balance significantly lower than last month, dropping to 2.294Billion from 3.2Billion
- GDP was above expectations however already priced in no market volatility from the release.
- PPI had no growth sitting at 0% decreasing by 0.3% suggesting price of goods are not changing leading to no inflation and no changes to interest rates.
- Consumer confidence dropping to -6 from -4 showing the domestic consumers are not very certain of the future currently, leading to reduced consumption in the economy ands spending overall.
- Leading to Retail sales figures of -0.7% a very large drop in sales in the country
Overall, a weak month of data for the CHF all leading to less demand for the CHF.
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.