Forex News Trading and Currency Training Analysis Video
CPI or Consumer Price Index is the direct measurement of inflation, and it is a high impact release that has long term effects on CAD. It is undoubtedly a high impact release that will be the focus of early NY trading session today. Here is the forecast:
CA Core CPI m/m Forecast 0.1% Previous -0.1%
ACTION: USD/CAD BUY -0.2% SELL 0.4%
8:30am (NY Time) US Core CPI m/m Forecast 0.1% Previous 0.2%
ACTION: USD/JPY BUY 0.3% SELL -0.1%
Our focus will be on the Core CPI release and we are going to look for a surprise factor of 0.2%; if the release number (core) increases to a 0.3% then we will BUY of USD/JPY. If the CPI number decreases to -0.1% or less, we’ll SELL USD/JPY. Historically even at a difference of 0.1%, market is likely to to exaggerate, therefore if either of our tradable releases is hit, there is about 80% of chance market will move 50 pips.
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.
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.
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 … [Read More...]
7:00am (NY Time) UK Offcial Bank Rate Decision Forecast 0.50% Previous 0.50% ACTION: GBP/USD N/A UK’s BOE, Bank of England’s Monetary Policy Committee (MPC) is once again scheduled … [Read More...]
8:30am (NY Time) US NFP Forecast -110K Previous 431K Unemployment Rate Forecast 9.8% Previous 9.7% ACTION: USD/JPY … [Read More...]
[flv:http://www.newsprofiteer.com/062409-fomcrate/062409-fomcrate.mp4 480 360] … [Read More...]
2:15pm (NY Time) US FOMC Rate Decision Forecast 0.25% Previous 0.25% ACTION: USD/JPY BUY 0.50% SELL <0.25% FOMC is going to release its short-term interest rate decision … [Read More...]
7:00am (NY Time) CA Employment Change Forecast -19K Previous -7.4K ACTION: USD/CAD SELL +6K BUY -42K Canada's Employment Change is expected at -19.0K this month. If we get … [Read More...]
RBA (Reserve Bank of Australia) is expected to hold borrowing costs steady for the second consecutive month in July, as a overwhelming 22 analysts unanimously agree as surveyed by Bloomberg... Here's … [Read More...]
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