USDCHF Buys
Updated
I will be taking advantage of upcoming short term CHF weakness and USD strength by buying this pair. The economic calendar is also full of important events that will cause a lot of volatility in this market:
CB Consumer Confidence - Tuesday
JOLTS Job Openings - Tuesday
ADP Non Farm Employment Change - Wednesday
Employment Cost Index - Wednesday
Pending Home Sales - Wednesday
US interest Rate Decision - Wednesday
FOMC - Wednesday
Unemployment Claims - Thursday
ISM Manufacturing - Thursday
Swiss CPI - Friday
Non Farm Payrolls - Friday
Unemployment Rate - Friday
Most Important Events: US Interest Rate, US Non Farm Payrolls, US Employment Numbers, Swiss Inflation Numbers.
Scenario:
The US Federal Reserve is expected to cut rates this year. Current trader speculations are expecting a rate cut in September. Assuming that rates remain the same next week, DXY will further rally.
Strong US Employment numbers and Non Farm Payrolls will allow USDCHF to rally.
Actual greater than forecasted Swiss CPI numbers will drive Swiss Franc futures higher and will in turn drive USDCHF lower.
CB Consumer Confidence - Tuesday
JOLTS Job Openings - Tuesday
ADP Non Farm Employment Change - Wednesday
Employment Cost Index - Wednesday
Pending Home Sales - Wednesday
US interest Rate Decision - Wednesday
FOMC - Wednesday
Unemployment Claims - Thursday
ISM Manufacturing - Thursday
Swiss CPI - Friday
Non Farm Payrolls - Friday
Unemployment Rate - Friday
Most Important Events: US Interest Rate, US Non Farm Payrolls, US Employment Numbers, Swiss Inflation Numbers.
Scenario:
The US Federal Reserve is expected to cut rates this year. Current trader speculations are expecting a rate cut in September. Assuming that rates remain the same next week, DXY will further rally.
Strong US Employment numbers and Non Farm Payrolls will allow USDCHF to rally.
Actual greater than forecasted Swiss CPI numbers will drive Swiss Franc futures higher and will in turn drive USDCHF lower.
Trade active
Took profits early
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