OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an opportunity to trade when the Canadian
CPI report will be released at 7:00 am EST. We will be
focusing on the CAD Core CPI (YoY), which will be Row 1 on the
RSS. The expectation for this report is 2.0%. We will be
looking for a deviation of 0.2% to trigger a safe trade. A
higher than expected number would be good for the CAD and would
signal a short on the USD/CAD and EUR/CAD, and a lower than
expected number would be bad for the CAD so that would signal a
long on the USD/CAD and EUR/CAD.
This news release seldom hits our safe trigger; however, we
have seen some good moves even with a medium deviation of
0.1%. This release has met our medium trigger five out of the
last six months, and the market has moved anywhere from 20 to
60 pips each time. We did not get a video of last month’s
trade when the medium trigger moved the USD/CAD approximately
60 pips. To see a video of September’s release, please click
on the link below:
This is our current outlook for this trade; however, it is
subject to change as market conditions may change by tomorrow.
Be sure to log in to the Live Trade Room 15 minutes prior to
the release to get my commentary on this potential trade.
Good Luck!!!!
