CAD/CHF Trading forecasts and signals - page 2

In the macroeconomic statistics coming out next week, the following indicators can be distinguished: Monday In Japan, retail sales and industrial production data will be released, as well as the consumer confidence index and the volume of orders in the construction sector. In China, the index of business activity in the service sector and in the manufacturing sector will be published. The National Bank of New Zealand will provide an activity forecast, and the Reserve Bank will provide an index of business optimism. Private sector lending data will be released in Australia.In Spain and Italy, inflation data will be released, and in the Eurozone – consumer credit indicators. In Germany, inflation data will also be available, including the main and harmonized consumer price indices.In Canada, the price indices for industrial products and raw materials, as well as the balance of payments, will be published. In the United States, Memorial Day is celebrated, banks and stock exchanges are closed, and macroeconomic statistics are not published.Tuesday In Australia, the index of activity in the manufacturing sector from AiG and the PMI in the manufacturing sector from the Commonwealth Bank will be published. And also in Australia, the number of building permits and the trade balance will be published. The Reserve Bank of Australia will hold a meeting to announce the regulator's decision on the interest rate. Construction permits will be issued in New Zealand. In Japan, capital expenditures and the Jibun Bank PMI index in the manufacturing sector will be released. China will publish the Caixin Manufacturing PMI.The next OPEC meeting will be held in Vienna. In the UK, the Nationwide house price index will be known. In Russia, Sweden, Spain, Italy, France, Germany, the Euro area and the United Kingdom, Markit will release indicators of business activity in the manufacturing sector. Switzerland will publish the real volume of retail trade, the SVME business activity index and economic growth indicators for the first quarter of 2021. In Germany, the unemployment rate and the change in the number of unemployed will be released. In the euro area, the unemployment rate and inflation indicators, including the basic and main consumer price indices, will be published. Bank of England Governor Andrew Bailey will make a speech.In Canada, GDP growth data for the first quarter of this year and the indicator of business activity in the manufacturing sector will be released. In the US, the Redbook retail sales index, the ISM manufacturing PMI, an indicator of economic optimism, construction spending data and the Dallas Federal Reserve Industrial PMI will be published. Fed representative Lal Brainard will give a speech.Wednesday New Zealand will publish the Terms of trade index. In Australia, economic growth data for the first quarter of 2021 will be released.In Germany, retail sales data will be available, and in the UK, consumer credit data and the number of approved applications for unemployment benefits will be available. In the Eurozone, the producer price index will be released. The head of the Bundesbank, Jens Weidmann, will make a speech.In Canada, the number of building permits will be released. In the US, the MBA Mortgage Lending Index, the Redbook retail sales index and the Fed's Beige Book Economic Review will be published. The American Petroleum Institute will report on oil reserves for the past week.Thursday In Australia, the AiG construction sector activity index, the Commonwealth Bank Services PMI, import and export indicators and the overall trade balance will be published. In Japan, foreign and domestic investment data and Jibun Bank's manufacturing PMI will be released. The National Bank of New Zealand will provide an activity forecast, and the Reserve Bank will provide an index of business optimism. In China, the Caixin manufacturing PMI will be released.Russia, France, Spain, Italy, Germany, the Euro zone and the UK will publish indices of business activity in the service sector. The UK will hold a hearing on the inflation report. Bank of England Governor Andrew Bailey will make a speech.In the US, the ADP report on the level of employment in the private sector, the number of initial and repeated applications for unemployment benefits, costs per unit of labor, the index of business activity in the service sector will be released. The Energy Information Administration will report last week on natural gas reserves in the United States.Friday In Japan, data on household spending will be released. In Australia, the indicators of mortgage loans and investment loans for the construction of houses will be published.In the UK, the index of business activity in the construction sector will be known. In the euro area, retail sales data will be released.In Canada, labor productivity indicators are released. In the US, employment market data for May will be released, including the number of new jobs outside of agriculture, the unemployment rate, the share of the labor force in the total population and average hourly wages. Canada will also publish the unemployment rate, the change in the number of employees, the level of average hourly wages and the Ivey business activity index. Baker Hughes will report on the number of active oil rigs last ...

The volume of retail sales in Canada in March, according to official statistics, amounted to 57.6 billion US dollars. Compared to the previous month, the indicator in value terms increased by 3.6%. In real terms, sales growth was 3.2%. The main contribution to the growth of the indicator was made by the sale of building materials, garden equipment and equipment, clothing and accessories. At the same time, sales of food products and beverages decreased in March. According to the results of the first three months of this year, the volume of sales in the retail sector in value terms increased by 1.8% compared to the fourth quarter of last year. In real terms, the growth was 0.5%. Retailers continued to experience difficulties, as local authorities imposed restrictions in several regions of the country due to new cases of coronavirus infection. It is reported that in March there was a period when 2.1% of all retail outlets were closed in the country. According to a preliminary estimate from Statistics Canada, retail sales declined 5.1% in ...

Currency pairs with the Swiss franc are traditionally characterized by a calm rhythm of trading, practically without sharp fluctuations, and CAD/CHF is no exception in this regard.Also, this cross-pair is characterized by the presence of trends of average time duration with sluggish development.Features of the currency pairIn the hands of an experienced trader, the CAD/CHF currency pair is able to constantly bring, albeit small, but stable income.CAD/CHF forecast for technical analysisOnline forecast for today according to technical analysis. The strongest forecast is always with the prefix Active (buy or sell).The forecast for the "Loonie" against the Swiss Franc is based on both fundamental and technical indicators. The forecast analysis of the instrument is carried out fairly accurately and predictably using indicators, support/resistance levels and other standard technical means. The pair is well predicted to cross the SMA lines by the price.Before entering into a CAD/CHF transaction, it is advisable to review fresh analytics, otherwise even such a calm pair can bring a noticeable loss to the deposit of an unwary trader.The Canadian dollar/Swiss Franc is a very calm pair. This is confirmed by its chart itself, looking at which, it can be seen that the pair is one of the "quietest" in terms of volatility, even in comparison with other instruments in which CHF is present. During the trading day, it usually does not pass even 70 points. On the hourly chart, it usually does not go beyond 20 pips.During the week, the greatest activity on this instrument is observed on Thursday, the least – on Monday. According to intraday sessions, the most active trading occurs during the European (from 07:00 to 16:00 UTC) and American (from 13:30 to 20:00 UTC). As with most other instruments, the peak of trading of the Canadian dollar – Swiss Franc pair falls at the intersection of the European and American sessions at 13:30-16:00 UTC.Read more: GBP/CHF: online signals, forecasts for today, analysis & featuresGeneral characteristicsThe base currency is CAD, and the quoted currency is CHF, that is, Canadian dollars are bought for Swiss Francs. It was already noted above that this is a cross (since the US dollar does not participate in the pair), however, the calculation still always goes through USD. Francs are converted into US dollars, and those, in turn, into Canadian dollars.Due to low liquidity, brokers usually set a significant spread on CAD/CHF, which, coupled with low activity, makes it even less popular among traders, but long-term investors in the foreign exchange market use it to diversify their risks on other assets.The CAD CHF quote is displayed, as for most other currency pairs, in four-digit form (0.7643) and traditionally in five-digit form on the MT5 terminal.What does the CADCHF course depend on?CHF It would seem that the combination of currencies of countries with such different economies in one pair would create a real explosive mixture of instability and contradictions, but no, with CAD/CHF everything turns out rather the opposite.The Canadian economy, which mainly receives income from the export of goods and raw materials, largely depends on such indicators as: energy prices, wood, wheat. An important role for Canada is played by trade with the United States, which is the main trade and economic partner. Tourism also occupies not the last place in the country of the "maple leaf", and a significant influx or outflow of the number of people wishing to visit it can have a significant impact. Agriculture accounts for only 2-3%.Probably everyone has heard about the famous reliable Swiss banks, however, despite the power of this industry, in reality the banking services sector occupies only about 10% of the state's GDP. More than 60% of income is accounted for by other services, such as: hotel and restaurant business, insurance, educational services, etc. The most important industry and source of income of the "country of banks" today is its highly developed industry, which brings about 30% of GDP. Switzerland is famous not only for the production of cheeses and chocolate products, but, first of all, for the production of sophisticated equipment, luxury watches, expensive medicines and high-precision optics. Agriculture, as in the Canadian economy, brings only a couple percent of GDP.Read more: EUR/CAD: signals, forecasts, exchange rate chart (online) and quotesAUD/CAD exchange rate and forecast online, currency pair overviewDespite the fact that today the global share of investments in the Swiss franc does not exceed 0.3%, it is the world's reserve currency and a haven for investors in times of crisis. For the Swiss economy itself, international investments are of the utmost importance, and when making a quotation forecast, it is necessary to take this into account.The Bank of Canada, when analyzing the pair, should pay the most attention to the dynamics of the price of gold (although the franc has not been tied to it for a long time), oil, trade balances of both countries and changes in interest rates of the Central Bank. Although there is no direct involvement of the US dollar here, as in the case of other crosses, it also has a major impact on both currencies, as well as the economic performance of America as a whole, because it is also the main trading partner for Canada and not the last for Switzerland. However, Switzerland's main partnerships are still with the EU.A high degree of similarity is observed between the short-term, hourly and 4-hour CADCHF and USD/CHF charts, but on longer-term timeframes the discrepancies are increasing. To a large extent, there is an inverse correlation of the Canadian dollar/Swiss Franc with EUR/CAD (up to -89.9%) and a direct correlation with CAD/JPY – about 74.7%. As a rule, it does not even reach 70% similarity with other instruments (sometimes up to 69.3% from IT40). But with proper analysis, other pairs should also be taken into account, for example, the US dollar – yen, pound – dollar, euro – dollar.Thus, when determining the dynamics of the course, it is worth paying attention to:Oil and gold prices;GDP of both countries;Inflation rates (Switzerland and Canada);Trade balances of both countries;The situation in the labor market of each country;Central Bank rates;US Economic Indicators;The KOF indicator (being a kind of economic barometer, allows you to anticipate the further value of CADCHF with a slight advance).Climatic conditions should also be taken into account, since tourism and the hotel business are important for both countries. For mountainous Switzerland with its numerous ski resorts and hotels, avalanches, landslides and snowfalls are a significant problem. The same can be said about Canada.Read more: EUR/CHF: exchange rate, online quotes, signals and forecast for todayFeatures of the currency pairCAD/CHF is an interesting tool in many aspects, especially in what is related to Switzerland, its currency and economic system.Being surrounded on all sides by the countries of the European Union, Switzerland itself, however, is not part of it and maintains neutrality, although the influence of the EU is very significant (take at least the pressure on banks to disclose information about accounts). You don't have to be a fortune teller to guess who is the main trade and economic partner of the "country of cheese and chocolate".An interesting feature is the rather late departure of the CHF from the gold standard, which occurred only in May 2000, in comparison with most other world currencies. The negative interest rate of the Swiss Central Bank (currently -0.75%) also looks very unusual against the background of most other currencies. Canada's refinancing rate is currently 0.5%, but this pair has become of little use for the carry trade at the moment.The pair still remains very stable and the analysis on it is relatively simple, compared to many other pairs, but gradually serious changes have begun to occur in the world, which may affect CHF in the long term first of all.Firstly, it is a gradual disappearance of banking secrecy, which is very painful for Switzerland.Secondly, the general migration crisis in Europe, as well as the decline in the yield of Swiss debt securities and the gradual strengthening of the franc, which the Central Bank is struggling with periodic ...