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We´ll be trading the UK Consumer Price Index (CPI) release at 4:30am NY Time today. We´ll be looking at the yearly release figure and the market could react with lots of volatility as CPI is the basic measurement of Inflation, therefore expect to see more exaggerated moves if we get a huge surprise release. Here is the forecast:
4:30am NY Time UK CPI y/y Forecast 4.8% Previous 5.0%
ACTION: GBP/USD BUY 4.5% SELL 5.1%
CPI is also known a Inflation and our focus will be on the Core Inflation figure, also known as CPI excluding Food and Energy, or CPI ex Volatile Items…
Here´s the forecast:
7:00am CA Core CPI m/m Forecast 0.2% Previous 0.5%
ACTION: USD/CAD BUY 0.0% / SELL 0.4%
The Trade Plan
The Core CPI report will be released today and our deviation for this release, based on a historical track record, around 0.2% ~ 0.3%. Therefore, look for tradable figures of -0.0% or worse to BUY USD/CAD, or a 0.4% or better to SELL USD/CAD.
We´ll be trading US Core CPI m/m release tomorrow. CPI or Consumer Price Index, also known as the “true cost of living”, is what drives Central Banks to raise/cut interest rate, therefore this release will be widely watched. Here´s the forecast for the CPI:
8:30am (NY Time) US Core CPI m/m Forecast 0.1% Previous 0.1%
ACTION: 0.3% BUY USDJPY / -0.1% BUY AUDUSD
We´ll be trading the UK Consumer Price Index (CPI) release at 4:30am NY Time today. We´ll be looking at the yearly release figure and the market could react with lots of volatility as CPI is the basic measurement of Inflation, therefore expect to see more exaggerated moves if we get a huge surprise release. Here is the forecast:
4:30am NY Time UK CPI y/y Forecast 5.1% Previous 5.2%
ACTION: GBP/USD BUY 5.3% SELL 4.8%
We’ll be trading the Consumer Price Index (CPI) figure out of New Zealand today. CPI is Inflation, therefore it is a very high impact release. Here’s the forecast:
5:45pm (NY Time) NZ CPI q/q Forecast 0.8% Previous 1.0%
ACTION: NZD/USD BUY 1.1% SELL 0.5%
The Basic Plan
Our focus will be on the headline CPI number. If we get a better release of 1.1%, we should be looking to BUY NZD/USD; if we get a lower release 0.5%, then we’ll see NZD/USD move down. Usually if our BUY or SELL figures are hit, we could expect the market to move about 40~50 pips within the next 30~90 minutes.
CPI is also known a Inflation and our focus will be on the Core Inflation figure, also known as CPI excluding Food and Energy, or CPI ex Volatile Items…
Here´s the forecast:
7:00am CA Core CPI m/m Forecast 0.2% Previous 0.4%
ACTION: USD/CAD BUY -0.1% / SELL 0.4%
The Trade Plan
The Core CPI report will be released today and our deviation for this release, based on a historical track record, around 0.2% ~ 0.3%. Therefore, look for tradable figures of -0.1% or worse to BUY USD/CAD, or a 0.3% or better to SELL USD/CAD.
We´ll be trading US Core CPI m/m release tomorrow. CPI or Consumer Price Index, also known as the “true cost of living”, is what drives Central Banks to raise/cut interest rate, therefore this release will be widely watched. Here´s the forecast for the CPI:
8:30am (NY Time) US Core CPI m/m Forecast 0.2% Previous 0.2%
ACTION: 0.4% BUY USDJPY / 0.0% BUY EURUSD
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