US Core CPI is expected to rise only around the 0.2% again this month but with the USD remaining resilient and positive outlooks in the equity market, I would not expect any sudden changes even if we get a surprise reading today. As a matter of fact, the overall currency market seems well-balanced. The next huge event will probably be the long-weekend during U.S. Thanksgiving, where the US market will be closed for 4 days, which means now is the time to start squaring out your positions and don’t get caught on the wrong side of the market…
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 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 | November 15, 2017 | Forex News
November 12, 2017 by Leave a Comment