Trying USDCHF higher here
narrative wise we have a small shift in terms of us recession worries and the fed. US employment data and ISM data last week was good, i think this should help lessen the us recession narrative and in turn this should help the fed keep the higher for longer idea going - should see us yields higher on this which should mean a move higher in USDCHF.
correlations suggest higher, gold is lower, us yields are higher and inflation expectations are also moving higher.
sentiment is starting to diverge to the upside which should help limit the move lower.
I think if we go through the price level from just before the US employment data came out then the idea is probably wrong so stop a little below this.
Not trading/investment advise, feedback welcome!
narrative wise we have a small shift in terms of us recession worries and the fed. US employment data and ISM data last week was good, i think this should help lessen the us recession narrative and in turn this should help the fed keep the higher for longer idea going - should see us yields higher on this which should mean a move higher in USDCHF.
correlations suggest higher, gold is lower, us yields are higher and inflation expectations are also moving higher.
sentiment is starting to diverge to the upside which should help limit the move lower.
I think if we go through the price level from just before the US employment data came out then the idea is probably wrong so stop a little below this.
Not trading/investment advise, feedback welcome!
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