CHF - Futures - 14/5/2024
Updated
1. CHF - Swiss Franc
COT Report: 58,283 net positions as of 04/30/24 - Yearly high
Fundamentals:
Swiss Central Bank Rates: 1.50%
Positive CPI Report for CHF (Forecast 0.1%, Actual 0.3%)
Negative USD Non-Farm Employment Change (Forecast 238k, Actual 175k)
Summary:
Recent downtrend following the Swiss Bank's interest rate reduction from 1.75% to 1.50%.
Signs of potential CHF strengthening post Non-Farm Payroll week.
Previous is the as the same trade but this is an update, We have entered long after last nights Core PPI news
COT Report: 58,283 net positions as of 04/30/24 - Yearly high
Fundamentals:
Swiss Central Bank Rates: 1.50%
Positive CPI Report for CHF (Forecast 0.1%, Actual 0.3%)
Negative USD Non-Farm Employment Change (Forecast 238k, Actual 175k)
Summary:
Recent downtrend following the Swiss Bank's interest rate reduction from 1.75% to 1.50%.
Signs of potential CHF strengthening post Non-Farm Payroll week.
Previous is the as the same trade but this is an update, We have entered long after last nights Core PPI news
Trade closed: stop reached
Stop loss have been hit, trade have been closed
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