Weekend trade report for PEPPERSTONE:CHFJPY by Probeleg

Americans borrow readily. Buying products on credit is nowhere as common as in the United States. More than 100 million people have taken out a loan to buy a car. Credit cards are ubiquitous and are especially used during the holiday season. This year, US credit card debt exceeded $1 trillion for the first time, and there is no indication that the rapid growth has come to an end.
With interest rates rising as quickly as they are now – since April 2022, the Federal Reserve increased its policy rate by 5.25 percentage points and bond market yields followed suit – this has had an impact on the economy.
Despite all the pessimism, the American economy is far from a recession. Resounding figures were released on Thursday, showing that the economy grew by an annualized 4.9% in the past quarter.

The European Union has held a meeting to discuss creating a buffer for diesel and petrol and securing oil supplies. The meeting was convened by EU Energy Commissioner Kadri Simson and considered potential risks in oil supplies in the event of an escalation in the conflict between Israel and Hamas.

Last week our positions had to take a lot of losses. We have these trades open for the coming week:

USDCHF Buy Open price: 0.90099

10.27.2023 08:46

10.27.2023 14:57 GBPCHF Buy Open price: 1.09651

10.27.2023 15:10 EURCHF Buy Open price: 0.95555

10.27.2023 15:19 USDCHF Buy Open price: 0.90333

These trades are ready:

10.23.2023 16:16 GBPJPY Buy

10.27.2023 14:47 AUDCHF Buy

10.27.2023 14:50 USDCHF Buy

10.27.2023 14:51 GBPCHF Buy

10.27.2023 14:51 GBPCHF Buy

10.27.2023 14:52 AUDCHF Buy

10.27.2023 14:52 AUDCHF Buy

10.27.2023 14:53 USDCHF Buy

10.27.2023 14:58 NZDCAD Buy

10.27.2023 15:03 NZDCAD Buy

10.27.2023 15:04 NZDCAD Buy

10.27.2023 15:10 EURCHF Buy

Busy week ahead:

Mon Oct 30

EUR German Prelim CPI m/m

EUR Spanish Flash CPI y/y

Tue Oct 31

CNY Manufacturing PMI

JPY BOJ Outlook Report

JPY BOJ Policy Rate

JPY Monetary Policy Statement

JPY BOJ Press Conference

CAD GDP m/m

USD Employment Cost Index q/q

USD CB Consumer Confidence

NZD Employment Change q/q

NZD Unemployment Rate

Wed Nov 1

USD ADP Non-Farm Employment Change

USD ISM Manufacturing PMI

USD JOLTS Job Openings

USD Federal Funds Rate

USD FOMC Statement

USD FOMC Press Conference

Thu Nov 2

CHF CPI m/m

GBP BOE Monetary Policy Report

GBP Monetary Policy Summary

GBP MPC Official Bank Rate Votes

GBP Official Bank Rate

GBP BOE Gov Bailey Speaks

USD Unemployment Claims

Fri Nov 3

CAD Employment Change

CAD Unemployment Rate

USD Average Hourly Earnings m/m

USD Non-Farm Employment Change

USD Unemployment Rate

USD ISM Services PMI

Current actions:

CHFJPY : the week starts with an extra sell opportunity on this pair. In line with all other positions, the yen is now gaining strength against the CHF. Sell placed at 165,300.