TRADE CALL REVIEW
Today we watched a couple of releases the first being the UK CPI which came out as expected however the core came out deviating by .2 which pushed the GBP/USD up quite a bit.
The second release we watched was the US TIC which far exceeded our trigger however there were a lot of longs in the market which resulted in a Quick move of only 20 pips short before the bulls took over again..
I believe I am going to discontinue trading the TIC data because its affect on the market is beginning to weaken.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we have US CPI Ex Food and Energy. This will be released at 8:30 and is expected at .2% I would like to see around .2% in deviation to trade this. A higher than expected number signals a sell and lower than expected number signals a buy.
What this means is that if the CPI ex F&G comes out at 0.0% I will buy the GBP/USD and if it comes out at .4% I will sell the GBP/USD.
OTHER THINGS TO CONSIDER
In addition to this I will also watch the CPI (MoM) and the CPI core. These both work the same way; a higher number signals a sell and a lower number signals a buy.
The CPI (MoM) is expected at -.3% and the CPI Core is expected at .2%.
Good Luck trading!!!
