Hi there,
On Thursday, Dec 17th (07:00 am New York Time) we will have Canadian CPI m/m coming out. It is expected to read 0.4. Last month it read -0.1.
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 0.5. This means that if Canadian CPI m/m comes out at 0.9 or higher, USD/CAD will probably go down by 30 pips or more in the first 45 minutes of the report. If it comes out at -0.1 or less, USD/CAD will probably go up by 30 pips or more in the first 45 minutes of the report.
Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.
In addition to the Canadian CPI m/m number, we will have Canadian CPI y/y, Core CPI m/m, and Core CPI y/y numbers coming out. If there is a conflict between any of these number, I DEFINITELY recommend skipping this trade, though the conflict is highly unlikely.
To read after-spike retracement strategy for this report click here: https://www.forexpeacearmy.com/fore...cpi-m-m-after-spike-retracement-strategy.html
For example: on October 16th, Canadian CPI m/m came out at 0, versus an expectation of 0.1. Such deviation wouldn't even hit our trigger, but still as a result, USD/CAD went up by around 75 pips. See for yourself what happened on this 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 CPI m/m
As always, wait for my email this Friday, where I will review all successful trades of the week.
I hope you make some money on this report.
-Crazy Cat
On Thursday, Dec 17th (07:00 am New York Time) we will have Canadian CPI m/m coming out. It is expected to read 0.4. Last month it read -0.1.
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 0.5. This means that if Canadian CPI m/m comes out at 0.9 or higher, USD/CAD will probably go down by 30 pips or more in the first 45 minutes of the report. If it comes out at -0.1 or less, USD/CAD will probably go up by 30 pips or more in the first 45 minutes of the report.
Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.
In addition to the Canadian CPI m/m number, we will have Canadian CPI y/y, Core CPI m/m, and Core CPI y/y numbers coming out. If there is a conflict between any of these number, I DEFINITELY recommend skipping this trade, though the conflict is highly unlikely.
To read after-spike retracement strategy for this report click here: https://www.forexpeacearmy.com/fore...cpi-m-m-after-spike-retracement-strategy.html
For example: on October 16th, Canadian CPI m/m came out at 0, versus an expectation of 0.1. Such deviation wouldn't even hit our trigger, but still as a result, USD/CAD went up by around 75 pips. See for yourself what happened on this 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 CPI m/m
As always, wait for my email this Friday, where I will review all successful trades of the week.
I hope you make some money on this report.
-Crazy Cat
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