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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:
7:00am (NY Time) CA Core CPI m/m Forecast 0.3% Previous 0.3%
ACTION: USD/CAD BUY 0.0% SELL 0.6%
CPI or Consumer Price Index is direct measurement of inflation, which is a high impact release that could have long term effect on CAD and the market if we were to get a strong surprise release, here is the forecast:
7:00am (NY Time) CA Core CPI m/m Forecast 0.2% Previous -0.2%
ACTION: USD/CAD BUY -0.1% SELL 0.5%
CPI or Consumer Price Index is direct measurement of inflation, therefore this high impact release could have long term effect on CAD if we were to get a very strong surprise, here is the forecast for this release:
7:00am (NY Time) CA Core CPI m/m Forecast 0.1% Previous 0.7%
ACTION: USD/CAD BUY -0.2% SELL 0.4%
7:00am (NY Time) CA Core CPI m/m Forecast 0.3% Previous 0.1%
ACTION: USD/CAD BUY 0.0% SELL 0.6%
We will be trading Canadian Core CPI release today and our deviation for this release based on historical track record is 0.3%, therefore I’ll be looking for tradable figures of 0.6% or better to SELL USD/CAD or a 0.0% or worse to BUY USD/CAD.
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.
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.
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.
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