USDCHF - Buy Opportunities

Fundamental Analysis & Market Sentiments

US Dollar *

Trump wins the Presidential Election. Economists
said that the proposed tariff will likely cause inflation
uncertainties.

FED more likely will not be more aggressive by cutting

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CHF Swiss Franc *

Inflation data ease FALL to 0.6% from 0.8% previous data. A further rate cuts
seeing more likely happen from the SNB.

Trade active

USD *

The annual inflation rate in the US accelerated to 2.6% in October 2024, up from 2.4% in September. This will boost the expectation in the market to continue to price in fewer Fed cuts.

Fewer cuts means strong for USD.

Note

USD *

October producer price index report showing a 0.2% rise, meeting expectations, though core PPI exceeded forecasts. The October consumer price index, released earlier, also aligned with expectations but pointed to ongoing inflation pressures. Further pressure came after Fed Chair Powell stated in Dallas that there was no rush to lower rates given the economy's strength. Odds of a quarter-point rate cut at the central bank’s December meeting fell to 62%, down from 82.5% earlier in the day.

"FED is now giving us a clue about the upcoming Monetary policy meeting on December. Slow pace of cutting rates means bullish for the USD as they are not as aggressive with the other central banks to cut rates."

Note

USD *

Retail sales in the US increased 0.4% month-over-month in October 2024, following an upwardly revised 0.8% gain in September, and above market forecasts of 0.3%. Sales increased the most at electronics & appliance stores (2.3%); auto dealers (1.9%); food services & drinking places (0.7%); building material & garden equipment (0.5%); nonstore retailers (0.3%); general merchandise store (0.2%); food & beverage stores (0.1%); and gasoline stations (0.1%). In contrast, sales declined at miscellaneous store retailers (-1.6%); furniture stores (-1.3%); sporting goods, hobby, musical instrument, & book stores (-1.1%); and clothing (-0.2%). Excluding autos, retail sales edged up 0.1%. Meanwhile, sales excluding food services, auto dealers, building materials stores and gasoline stations, which are used to calculate GDP, decreased 0.1%, after its biggest gain since early 2023. Retail sales data is not adjusted for inflation and includes mostly goods

"The Downward movement we seeing right now is a correction for the price to create a HL. Keep an eye on this deep as the price is now nearly hit the 382 FIB zone. You can wait for the price to create a candle stick confirmation to Entry"

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