Forex News Trading and Currency Training Analysis Video
CPI or Consumer Price Index is direct measurement of inflation, which is a high impact release that could have long term effect on CAD, it is undoubtedly a high impact release that will be the focus of early NY trading session. Here is the forecast:
CA Core CPI m/m Forecast 0.1% Previous 0.3%
ACTION: USD/CAD BUY -0.2% SELL 0.4%
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…
8:30am (NY Time) US NFP Forecast -110K Previous 431K Unemployment Rate Forecast 9.8% Previous 9.7% ACTION: USD/JPY … [Read More...]
Hello folks: Sorry for the delay this week, I had a major server issue (not FPA server, but my own server) and I basically spent the entire weekend transferring websites and setting up the new server. … [Read More...]
[flv:http://www.newsprofiteer.com/060409-boemarketcycle/060409-boemarketcycle.mp4 480 360] … [Read More...]
We’ll be getting the Canadian Employment Change release number tomorrow, here is the forecast: 7:00am (NY TIme) CA Employment Change Forecast 30K Previous -9.3K (Unemployment Rate 8.0%) ACTION: … [Read More...]
We’ll be trading US Core CPI m/m release today. 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 … [Read More...]
4:30am (NY Time) UK Retail Sales Forecast 0.5% Previous 0.4% ACTION: GBP/USD BUY 1.1% SELL -0.1% We'll be focusing on the Retail Sales release today, which is a direct … [Read More...]
8:30am NY Time ECB Chairman Trichet Press Conference ACTION: N/A We'll be listening to ECB (European Central Bank) Chairman Jean-Claude Trichet releasing official ECB Interest Rate Statement along … [Read More...]
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