In My last call I said to sell Cad if the CPI ex core came out greater than expected by .4%.
The market did not hit my trigger however the regular CPI was released off by .3% higher which did push the market down about 25 pips or so. In the trade room there were some that traded using this information and picked up around 20 pips however I passed as did the majority of us in the trade call room. For tomorrows trade. We have US Durable goods Ex Transportation at 8:30am eastern and is expected at .3%. A higher than expected number signals a sell and a lower than expected number signals a buy.
I would like to see a minimum of 1.5% deviation for this to be a good trade. Historically this is usually good for around 25 to 30 pips which is on the low end of the scale in regards to profit for releases I will trade. Keep an eye on New Home sales as well, I would like to see them in agreement with the durable goods meaning a higher number supports a sell and a lower number supports a buy.
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Good Luck now lets make some money!!!
