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.
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