Felix Homogratus
Commander in Chief
- Messages
- 153
Hi there
This is Felix with a HOT & potentially profitable trading opportunity...
Tuesday, November 17th (04:30 am New York Time) UK
We have UK Core CPI y/y coming out. It is expected to read 1.7. Last month it read 1.7 also.
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 0.3. This means that if UK Core CPI y/y comes out at 2.0 or higher, GBP/USD will probably go up by 50 pips or more in the first 30 minutes of the report. If it comes out at 1.4 or less, GBP/USD will probably go down by 50 pips or more in the first 30 minutes of the report.
Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.
In addition to the UK Core CPI y/y number, we will have Regular CPI numbers and RPI numbers coming out. If there is a conflict between the UK Core CPI and Regular CPI numbers, 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 Core CPI y/y 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 Core CPI y/y
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.
-Felix
This is Felix with a HOT & potentially profitable trading opportunity...
Tuesday, November 17th (04:30 am New York Time) UK
We have UK Core CPI y/y coming out. It is expected to read 1.7. Last month it read 1.7 also.
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 0.3. This means that if UK Core CPI y/y comes out at 2.0 or higher, GBP/USD will probably go up by 50 pips or more in the first 30 minutes of the report. If it comes out at 1.4 or less, GBP/USD will probably go down by 50 pips or more in the first 30 minutes of the report.
Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.
In addition to the UK Core CPI y/y number, we will have Regular CPI numbers and RPI numbers coming out. If there is a conflict between the UK Core CPI and Regular CPI numbers, 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 Core CPI y/y 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 Core CPI y/y
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.
-Felix
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