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Forex Signal (Friday, May 21, 07:00 am EST) Canadian Core CPI m/m

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, May 20, 2010.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hi there,

    This is Crazy Cat writing.

    On Friday, May 21st (07:00 am New York Time) we will have Canadian Core CPI m/m coming out. It is expected to read 0.2. Last month it read -0.2.

    Please read what this indicator means and how it affects the USD/CAD by going to this link: http://www.forexpeacearmy.com/forex-forum/economic-indicator-descriptions/7508-canadian-cpi.html

    The trigger for this indicator is 0.2. This means that if Canadian Core CPI m/m comes out at 0.4 or higher, USD/CAD will probably go down by 35 pips or more in the first 45 minutes of the report. If it comes out at 0.0 or negative, USD/CAD will probably go up by 35 pips or more in the first 45 minutes of the report.

    Last month it actually worked really nice. It came out at -0.2 vs. 0.1 expected, and USD/CAD spiked up by 45 pips. But still be careful as not long time ago it had really random price actions. Here is the chart:
    Forex news trading currency exchange charts

    I highly recommend you study the entire history and charts of this report by following this link: Forex News Trading | Details and History for CAD Core CPI m/m

    I hope you will not lose money on this report.
    -Crazy Cat
     
    #1 Crazy Cat, May 20, 2010
    Lasted edited by : Sep 8, 2016
  2. kaviita

    kaviita Recruit

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    Canadian CPI

    Does it affest the AUD/CAD as well? Im in short AC. May need to close position befor report


     
    #2 kaviita, May 20, 2010
    Lasted edited by : Sep 8, 2016

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