US Core CPI is expected to rise only around the 0.2% again this month but with tensions continuing building up politically and the shock from several hurricanes hitting the U.S. in the past month, it’s going to be interesting to see what the figures will be. Considering we lost 33K jobs last month, if we get a weaker than expected CPI, the market will expect the Fed to hold off further rate actions until December or even until 2018.
8:30am (NY Time) US Core CPI m/m Forecast 0.2% Previous 0.2%
The Trade Plan
We´ll be trading this release using ours 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 using 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 | October 13, 2017 | Forex News
October 8, 2017 by Leave a Comment