US Core CPI is expected to rise only around the 0.2% again this month but with tensions in the geopolitical arena and risk aversion seems to be the only thing on the minds of traders, it is going to be tough to find support for the USD regardless of today’s reading. However, with that being said, I would definitely jump in if we get our tradable deviation in the direction of the reading, and my plan is to get in and out and stay mostly against the USD because the overall trend still remains unchanged.
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 | September 14, 2017 | Forex News
September 10, 2017 by Leave a Comment