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Forex Signal (Thu, June 17, 08:30 am EST) US Core CPI m/m

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Jun 16, 2010.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hi there :)

    On Thursday, June 17th (08:30 am New York Time) we will have US Core CPI m/m coming out. It is expected to read 0.1. Last month it read 0.0.

    I don't trust this indicator yet. CPI indicators start to be more important but we did not have a bigger deviation on this for a while so I cannot say if this one is going to work well or not yet.

    Please read what this indicator means and how it affects the USD/JPY by going to this link: http://www.forexpeacearmy.com/forex-forum/economic-indicator-descriptions/7507-us-cpi.html

    The trigger for this indicator is 0.3. This means that if US CPI m/m comes out at 0.4 or higher, USD/JPY will probably go up by 30 pips or more in the first 45 minutes of the report. If it comes out at -0.2 or more negative, USD/JPY will probably go down by 30 pips or more in the first 45 minutes of the report.

    A deviation of 0.3 should be relatively safe to trade but nevertheless feel free to skip it if you don't feel like you want to trade it.

    On February a deviation of -0.2 produced a move of about 20 pips so it's kind of encouraging it reacted at all. It's still not enough, in my opinion, to take it seriously and trade +/- 0.2 deviation.
    Forex news trading currency exchange charts

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

    I hope you make some money on this report.
    -Crazy Cat
     
    #1 Crazy Cat, Jun 16, 2010
    Lasted edited by : Sep 8, 2016

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