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Forex Signal (Tue, March 23, 05:30 am EST) UK CPI y/y

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Mar 22, 2010.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hi there :)

    On Tuesday, March 23rd at 05:30 am New York Time we will have UK CPI y/y coming out. It is expected to read 3.1. Last month it read 3.5.

    Please read what this indicator means and how it affects the GBP/USD by going to this link: http://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 y/y comes out at 3.3 or higher, GBP/USD will probably go up by 35 pips in the first 45 minutes of the report. If it comes out at 2.9 or less, GBP/USD will probably go down by 35 pips or more in the first 45 minutes of the report.

    It should be OK to trade UK CPI m/m number, also with 0.2 trigger.

    Be careful, this report tends to spike and then retrace hard.

    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 the after-spike retracement strategy for this report click here: http://www.forexpeacearmy.com/forex...cpi-y-y-after-spike-retracement-strategy.html

    For example: on January 19th, UK CPI y/y came out at 2.9, versus an expectation of 2.6. As a result, GBP/USD went up by around 40 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 y/y

    I hope you make some money on this report.
    -Crazy Cat
     
    #1 Crazy Cat, Mar 22, 2010
    Lasted edited by : Sep 8, 2016
  2. Codetrader

    Codetrader Recruit

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    Help Please

    I am really new to the Forex and want to learn all I can. so I am happy I found you and thank you very much!

    1.) I live in USA, where and how can I get live CPI info for Britian for tomorrow morning? So I get the news relase live.

    Best!
     
  3. Ivanru

    Ivanru Recruit

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    This forum is awesome

    Hi Crazy Cat,

    This forum is really really great, I look forward to visiting here more. This is a great thing you have done here!
     
  4. West Coast Pips

    West Coast Pips Sergeant

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    Sign up for Secret News Weapon to get live data for almost every news release as soon as it comes out: FastEconomicNews.com. I use it and it is great.
     
  5. Firstpip

    Firstpip Recruit

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    Thank you Crazy Cat for your effort in sending the review on News releases. I appreciate it.

    Today i was waiting for this news release numbers to be published in the calender. But the results were published only after few hours of news release.. I would request you to let me know where to look for the numbers. Ex: the CPI y/y was released by NY time 05:30AM.. and the numbers were 2.9.. Where should I obtain this information immediate...:)

    West Coast Pips's: I believe the FastEconomicNews.com is a paid subscription. Is that right?
     
    #5 Firstpip, Mar 23, 2010
    Last edited: Mar 23, 2010
  6. oberarm

    oberarm Recruit

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    Yes, thats right.Can everybody tell me, if SecretNewsWeapon is working with Mt4? I´m sitting here for ages and try to adjust the hyperclicks, but nothing happens.
     
  7. Boko Maru

    Boko Maru Sergeant

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    Watch the instructional videos on the SNW website; all is explained there...
     

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