Hi there
On Tuesday, Dec 15th at 04:30 am New York Time we will have UK CPI y/y coming out. It is expected to read 1.8. Last month it read 1.5.
Please read what this indicator means and how it affects the GBP/USD by going to this link: https://www.forexpeacearmy.com/forex-forum/economic-indicator-descriptions/7506-uk-cpi.html
The trigger for this indicator is 0.2. This means that if UK CPI m/m comes out at 2.0 or higher, GBP/USD will probably go up by 35 pips in the first 45 minutes of the report. If it comes out at 1.6 or less, GBP/USD will probably go down by 35 pips or more in the first 45 minutes of the report.
It is OK to trade UK CPI Core number, also with 0.2 trigger.
Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.
In addition to the UK CPI y/y number, we will have other CPI numbers and RPI numbers coming out. If there is a conflict between them, I recommend skipping this trade, but the conflict is highly unlikely. In terms of RPI, it doesn't matter that much, so you can just ignore it.
To read my after-spike retracement strategy for this report click here: https://www.forexpeacearmy.com/fore...cpi-y-y-after-spike-retracement-strategy.html
For example: on August 18th, UK CPI m/m came out at 1.8, versus an expectation of 1.5. As a result, GBP/USD went up by around 60 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 GBP 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 Tuesday, Dec 15th at 04:30 am New York Time we will have UK CPI y/y coming out. It is expected to read 1.8. Last month it read 1.5.
Please read what this indicator means and how it affects the GBP/USD by going to this link: https://www.forexpeacearmy.com/forex-forum/economic-indicator-descriptions/7506-uk-cpi.html
The trigger for this indicator is 0.2. This means that if UK CPI m/m comes out at 2.0 or higher, GBP/USD will probably go up by 35 pips in the first 45 minutes of the report. If it comes out at 1.6 or less, GBP/USD will probably go down by 35 pips or more in the first 45 minutes of the report.
It is OK to trade UK CPI Core number, also with 0.2 trigger.
Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.
In addition to the UK CPI y/y number, we will have other CPI numbers and RPI numbers coming out. If there is a conflict between them, I recommend skipping this trade, but the conflict is highly unlikely. In terms of RPI, it doesn't matter that much, so you can just ignore it.
To read my after-spike retracement strategy for this report click here: https://www.forexpeacearmy.com/fore...cpi-y-y-after-spike-retracement-strategy.html
For example: on August 18th, UK CPI m/m came out at 1.8, versus an expectation of 1.5. As a result, GBP/USD went up by around 60 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 GBP 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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