Actively looking to add shorts in USDCHF

2019년 8월 9일

Here we can see the SNB sidelined from aggressively intervening; the rationale behind this comes from EURCHF. The current environment is providing a strong bid for countercyclicals like JPY and CHF; as long as trade tensions remain, global growth will continue slowing and global bond yields will continue to fall.

On the technical side we have room for USDCHF to trade lower from here, falling US yields will keep the USD offered. We have broken the wedge we widely tracked here and those with a background in waves will know a 'iii' impulsive wave is cooking.

The risk to our thesis is that the SNB begins to intervene and actively begin weakening the CHF.

2019년 8월 19일

노트

We may struggle to get filled here..

2019년 8월 22일

액티브 트레이드

2019년 8월 26일

노트

Dollar devaluating dynamics will also apply here too; continue to work shorts for the open.