US Core CPI is expected to rise to around the 0.2% and with the Fed continuing with its rate hike and hawkish outlook, the long-term view on the USD remains on the bullish side. We’ll only trade this release if there is a surprise of at least 0.2%…
8:30am (NY Time) US Core CPI m/m Forecast 0.2% Previous -0.1%
The Trade Plan
We´ll be trading this release using our after news retracement trade method.
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: EURUSD.
US Core CPI | May 12, 2017 | Currency News
May 7, 2017 by Leave a Comment