Canada Core CPI m/m 02/18/2010

Posted by Henry Liu on February 17, 2010 under CAD Core CPI m/m, Canada, Forex News Trade | Be the First to Comment

7:00am (NY Time) CA Core CPI m/m   Forecast 0.1%   Previous -0.3%
ACTION: USD/CAD          BUY -0.2%       SELL 0.4%

We will be focusing on the Core CPI release from Canada and our deviation for this release based on historical track record is 0.3%, therefore I’ll be looking for tradable figures of 0.4% or better to SELL USD/CAD or a -0.2% or worse to BUY USD/CAD. 

USD/CAD has been consolidating over recent gains and it is diverging from other major currencies versus the USD.  As most European currencies are trading at their support levels against USD, CAD has been showing exceptional strength, but it is my opinion that USD may gain significantly against CAD if we get anything less than an upward surprise in this release.   If we were to look at correlation historically, we could expect an upward breakout on the USD/CAD pair soon following the collapse of both EUR/USD and GBP/USD recently.

Canada Core CPI m/m 12/17/09

Posted by Henry Liu on December 16, 2009 under CAD Core CPI m/m, Canada, Forex News Trade | Be the First to Comment

7:00am (NY Time) CA Core CPI m/m   Forecast 0.2%   Previous 0.1%
ACTION: USD/CAD          BUY -0.1%       SELL 0.5%

We will be trading the Core CPI release from Canada and our deviation for this release based on historical track record is 0.3%, therefore I’ll be looking for tradable figures of 0.5% or better to SELL USD/CAD or a -0.1% or worse to BUY USD/CAD. 

USD/CAD has been consolidating over recent gains and with U.S. economic outlook improving significantly, my longer term view on the USD/CAD pair is actually bullish and we should see 1.1000 as soon as early 2010.  Therefore, unless we do get a stronger CPI release, the general direction will remain unchanged for USD/CAD, which is LONG.

Canada Core CPI m/m 11/18/09

Posted by Henry Liu on November 17, 2009 under CAD Core CPI m/m, Canada, Forex News Trade | Be the First to Comment

7:00am (NY Time) CA Core CPI m/m   Forecast 0.0%   Previous 0.3%
ACTION: USD/CAD          BUY -0.3%       SELL 0.3%

Our focus will be on the Core CPI release from Canada and the tradable deviation for this release based on historical track record is 0.3%, therefore in order to trade this release successfully I’ll be looking for tradable figures of 0.3% or better to SELL USD/CAD or a -0.3% or worse to BUY USD/CAD. 

USD/CAD has been trading very strong lately but it has found support at around the 1.0420 with the USD.  If we get a worse than expected release, an obvious rebound from this level is expected and we could see the 1.0600 to 1.0700 providing some support; if the opposite is true, then expect 1.0400 to be taken out and USD/CAD could be on the way to 1.0200 as the previous support lies.

Canada Core CPI m/m 10/16/09

Posted by Henry Liu on October 15, 2009 under CAD Core CPI m/m, Canada, Forex News Trade | 5 Comments to Read

7:00am (NY Time) CA Core CPI m/m   Forecast 0.2%   Previous 0.1%
ACTION: USD/CAD          BUY -0.1%       SELL 0.5%

Our tradable deviation for the Canadian Core CPI based on historical track record is 0.3%, therefore in order to trade this release successfully I’ll be looking for tradable releases of 0.5% or better to SELL USD/CAD or a -0.1% or worse to BUY USD/CAD. 

Canadian Dollar has been trading very strong lately but it has found support at around the 1.0200 with the USD.  If we get a worse than expected release, an obvious rebound from this level is expected and we could see the 1.0400 to 1.0500 providing some resistance; if the opposite is true, then expect 1.0200 to be taken out and USD/CAD could be on the way to parity shortly.

Canada Core CPI m/m 09/17/09

Posted by Henry Liu on September 16, 2009 under CAD Core CPI m/m, Canada, Forex News Trade | Be the First to Comment

7:00am (NY Time) CA Core CPI m/m   Forecast 0.1%   Previous 0.0%
ACTION: USD/CAD          BUY -0.2%       SELL 0.4%

The safe deviation for Canada Core CPI based on historical data is a minimum of 0.3% of deviation, therefore in order to trade this release successfully I’ll be looking for tradable releases of 0.4% or better to SELL USD/CAD or a -0.2% or worse to BUY USD/CAD. 

Canadian Dollar has been trading very strong lately and the USD/CAD is currently around the 1.0700 level.  As the low of  August 2009 is at 1.0620 area, which may provide a medium support for the pair, I’ll be looking for a bounce from there; at break of which, I’ll be looking for the next area of support at 1.0400…

Canada Core CPI m/m 08/19/09

Posted by Henry Liu on August 18, 2009 under CAD Core CPI m/m, Canada, Forex News Trade | Be the First to Comment

7:00am (NY Time) CA Core CPI m/m   Forecast 0.1%   Previous 0.0%
ACTION: USD/CAD          BUY -0.2%       SELL 0.4%

I’ll be looking for at least a 0.3% of deviation to trade this release as per historical data any less deviation would not move the market in a significant manner.  Therefore if the Core CPI comes out at 0.4%, which will be good for the CAD, I’ll be selling USD/CAD; if the Core CPI comes out at a -0.2% or worse, I’ll be buying USD/CAD… 

Canada Core CPI m/m 07/17/09

Posted by Henry Liu on July 16, 2009 under CAD Core CPI m/m, Canada | Be the First to Comment

CPI, Consumer Price Index, is a statistical estimate of the movement of the prices of goods and services bought for consumption purposes by households. Its computation uses price data collected for a sample of goods and services from a sample of sales outlets in a sample of locations for a sample of times and estimates of the shares of the different expenditures in the total covered by the index which are usually based upon expenditure data obtained for sampled periods from a sample of households(wikipedia). It is also known as the “True Cost of Living”.