CPI to Knock It OffFundamentals & Sentiment
USD:
- Undervalued according to many market internals
- CPI Beat
- Monster jobs data (NFP, Unemployment, etc.)
- Risks: Initial claims beat - the market might see it dovish
CHF:
- Generally, the franc is too expensive for SNB's liking
- Bearish Internals
Technical & Other
Setup: S(B)
Setup timeframe: 4h
Trigger: 4h
Medium-term: Range
Long-term: Down
Min target: Aug highs
Stop loss: 0.36%
Position size: 0.8R
*Buy limit