CA Core CPI is likely a high impact release for Canada and considering Wednesday’s Retail Sales release, I’d expect to see more support if both releases end up in the same direction…
Here´s the forecast:
8:30am CA Core CPI m/m Forecast -0.1% Previous -0.3%
The Trade Plan
Keep in mind to look for an after-news retracement trade for this release. I´ll wait for the release, then the initial market move, and wait for a decent retracement before jumping in. For more information on my trading methods: http://www.currencynewstrading.com/how-to-get-started-with-news-trading/
I’d recommend to use the Recommended Pairs from above as they are based on my CSM, which should provide the best combination of currency pairs to trade based on better/worse news… of course, you can also trade the default pair: USDCAD.
Our focus is on the Core CPI or CPI ex Energy and Food components, which provides a better picture of inflation without the seasonal factor.
CA Core CPI | February 24, 2017 | Currency News
February 20, 2017 by Leave a Comment