Canadian CPI (M/M)

Fx News Spike Signals by Crazy Cat, 2018/01/26

Release Time: 08:30 New York time (EST)
Primary currency pair: EUR/CAD
Forecast: -0.3
Prior: +0.3
LT1 (Lower Trigger 1): -0.2 [BUY]
UT1 (Upper Trigger 1): +0.2 [SELL]

If the Canadian CPI (M/M) comes at -0.5% or less ( -0.2 trigger), EUR/CAD should go up by about 35 pips. If it comes out at -0.1% or higher ( +0.2 trigger), EUR/CAD should go down by about 35 pips.

Based on 17 estimates on CA CPI (M/M), median estimate is -0.3% and the average estimate is -0.24%. The highest estimate is +0.2% (one estimate), then 0.1% (one vote), then 0.0% (one vote), then -0.2% (three estimates), -0.3% (five estimates) and then finally the lowest estimate is -0.4% (six estimates). One standard deviation is +/- 0.18, up from 0.11 last month.

We will also have US GDP coming out at the same time so I would stay away from trading USD/CAD. Do not include U.S. reports for the conflict resolution because they are not being released at the same time. You can, however, set up Canadian CPI as Group 1 and US GDP as Group 2, and trade them independently.

Please keep in mind that SNW Enterprise is much faster than SNW Elite or Pro for Canadian reports.

As always, it's crucial to visit our economic calendar to study historic price actions for this report. Never trade without doing some research about past performance. While the performance may change a lot, studying historic charts on our economic calendar page is the only way to lower your risk so you can make more educated decision about your participation in this news event and the trade size you want to bet.

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