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Forex Signal (Tue, May 18, 04:30 am EST) UK CPI y/y

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

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hi there :)

    On Tuesday, May 18th at 04:30 am New York Time we will have UK CPI y/y coming out. It is expected to read 3.5. Last month it read 3.4.

    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 0.3. This means that if UK CPI y/y comes out at 3.8 or higher, GBP/USD will probably go up by 35 pips in the first 45 minutes of the report. If it comes out at 3.2 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 April 20h, UK CPI y/y came out at 3.4, versus an expectation of 3.1. As a result, GBP/USD went up by around 35 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, May 17, 2010
    Lasted edited by : Sep 8, 2016

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