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: https://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
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: https://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
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