1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Forex Signal (Thursday, Feb 18, 07:00 am EST) Canadian CPI m/m

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Feb 17, 2010.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

    Joined:
    Sep 30, 2007
    Messages:
    752
    Likes Received:
    0
    Hi there,

    This is Crazy Cat writing.

    On Thursday, Feb 18th (07:00 am New York Time) we will have Canadian Core CPI m/m coming out. It is expected to read 0.0. Last month it read -0.3.

    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 0.3. This means that if Canadian CPI m/m comes out at 0.3 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 -0.3 or more negative, USD/CAD will probably go up by 30 pips or more in the first 45 minutes of the report.

    This is very unreliable report so feel free to skip it. I will skip it myself although some people still want to get triggers and trade it anyway. Sometimes the price moves nicely, some other time it does not react at all. I prefer higher probability reports to trade as my time is very limited.

    Personally I never trade this report, I don't trust it, and it's crappy.

    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, Feb 17, 2010
    Lasted edited by : Sep 8, 2016

Share This Page