Forex Signal (Tue, July 13 2010, 4:30am NY Time EST) - UK CPI y/y

[peterg]

Recap on GBP CPI Trade Henry?

How about giving a recap on the CPI Trade.

Seems negative bias was already pre-positioned at bottom of price range 1.4950 and the core # drove the shorts out to top of recent range sub 1.5200.

What was your take on the price action before and after the #?

What are you watching the Core or Headline#? Both?

 

[Henry Liu]

How about giving a recap on the CPI Trade.

Seems negative bias was already pre-positioned at bottom of price range 1.4950 and the core # drove the shorts out to top of recent range sub 1.5200.

What was your take on the price action before and after the #?

What are you watching the Core or Headline#? Both?

I usually do recap at the end of the week. However we usually focus on the Core as the headline could fluctuate due to seasonal factors. I think there are several ways to look at the market, but the fundamental factor is usually the key. With Euro leading the way keeping USD pinned, GBP benefitted with better economic outlook at the end.