Swedish CPI (M/M)


Fx News Spike Signals by Crazy Cat, 2018/06/14

Release Time: 03:30 New York time (EST)
Primary currency pair: USD/SEK, EUR/SEK
Forecast: 0.2
Prior: 0.4
LT1 (Lower Trigger 1): -0.2 [BUY]
UT1 (Upper Trigger 1): +0.2 [SELL]
Safety: 1

CAUTION: This report performs much faster on SNW Enterprise, and usually it's faster 3 to 4 seconds on SNW Enterprise than on SNW Elite or SNW Pro. Results vary between months but if you are not SNW Enterprise user, strongly consider skipping this report. Personally, I wouldn't trade it if I didn't have SNW Enterprise.

If SE CPI (M/M) comes out at 0.0 or less ( -0.2 trigger), USD/SEK should go up by about 350 pips. If it comes out at 0.4 or better ( +0.2 trigger), USD/SEK should go down by about 350 pips.

There are only 9 estimates. Median estimate is 0.2% and the average estimate is 0.22%. The highest estimate is 0.3% (three votes), then 0.2% (five votes), and finally 0.1% (one vote).

In the past it looks like it often performs very well, especially with bigger deviations. Nevertheless, whether or not it's a good trade will largely depend on your broker. Some brokers may raise spreads to 200 or higher, whereas some others may offer low or fixed spread. EUR/SEK and USD/SEK perform very similar so check with your broker to see which one is better to trade.

It's possible that even +/- 0.1 deviations could work well here but of course it comes with some extra risk.

Obviously, if your broker widens spreads to very high values, then you should skip this report. Otherwise, you may give a try but please be very conservative with your trade sizes.

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Risk disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Past performance is not necessarily indicative of future results. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as educational material and general market commentary, and does not constitute investment advice. Seek a licensed advisor. FastEconomicNews.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.