Hi there
This is Crazy Cat, with the review of the week.
This week, we were watching 5 economic indicators. 2 of them hit the triggers that I sent to you. Let's review...
1. Friday, March 19th (07:00 am New York Time) CANADA
I said if Canadian CPI m/m comes out at 0.6 or higher, USD/CAD will probably go down by 30 pips or more in the first 45 minutes of the report.
It actually came out at 0.7 and the other numbers were also deviating in the same direction. USD/CAD went down by 70 pips! Amazing. Well, it was a huge deviation and to me a huge surprise because normally we don't see such deviations. If someone set up an autoclick software on this report, and got a fill, it was a big gain for sure. Unfortunately I was too lazy to set up my autoclick software for this as I did not believe we would get such big deviation.
If you were lucky enough to make money on this one, well - congratulations and good job!
Please see for yourself what happened on this chart:
Forex news trading currency exchange charts
2. Friday, March 19th (08:30 am New York Time) CANADA
I wrote if Canadian Core Retail Sales m/m comes out at 1.2 or higher, USD/CAD will probably go down by 30 pips or more in the first 45 minutes of the report. It actually came out at 1.8 but USD/CAD moved exactly 30 pips. Good thing it moved at all but given the size of deviation it was not an impressive move so to speak. If you grabbed a few pips, congratulations. I myself skipped this one as well.
Here is the chart showing what happened:
Forex news trading currency exchange charts
Anyway, have a good Sunday!
--Crazy Cat
This is Crazy Cat, with the review of the week.
This week, we were watching 5 economic indicators. 2 of them hit the triggers that I sent to you. Let's review...
1. Friday, March 19th (07:00 am New York Time) CANADA
I said if Canadian CPI m/m comes out at 0.6 or higher, USD/CAD will probably go down by 30 pips or more in the first 45 minutes of the report.
It actually came out at 0.7 and the other numbers were also deviating in the same direction. USD/CAD went down by 70 pips! Amazing. Well, it was a huge deviation and to me a huge surprise because normally we don't see such deviations. If someone set up an autoclick software on this report, and got a fill, it was a big gain for sure. Unfortunately I was too lazy to set up my autoclick software for this as I did not believe we would get such big deviation.
If you were lucky enough to make money on this one, well - congratulations and good job!
Please see for yourself what happened on this chart:
Forex news trading currency exchange charts
2. Friday, March 19th (08:30 am New York Time) CANADA
I wrote if Canadian Core Retail Sales m/m comes out at 1.2 or higher, USD/CAD will probably go down by 30 pips or more in the first 45 minutes of the report. It actually came out at 1.8 but USD/CAD moved exactly 30 pips. Good thing it moved at all but given the size of deviation it was not an impressive move so to speak. If you grabbed a few pips, congratulations. I myself skipped this one as well.
Here is the chart showing what happened:
Forex news trading currency exchange charts
Anyway, have a good Sunday!
--Crazy Cat
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