by Henry Liu on November 17, 2009
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.
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by Henry Liu on October 14, 2009
[flv:http://www.newsprofiteer.com/101509-uscpi/101509-uscpi.mp4 480 360]
8:30am (NY Time) US Core CPI m/m Forecast 0.1% Previous 0.1%
ACTION: USD/JPY BUY 0.3% SELL -0.1%
We are going to look for a surprise factor of 0.2%; if the CPI number (core) increases to a release at 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.
Click on post title above to read the full article.
