Swedish CPI (M/M)

Fx News Spike Signals by Crazy Cat, 2019/04/11

Release Time: 03:30 New York time (EST)
Primary currency pair: USD/SEK, EUR/SEK
Forecast: 0.2
Prior: 0.7
LT1 (Lower Trigger 1): -0.2 [BUY]
UT1 (Upper Trigger 1): +0.2 [SELL]
Safety: 1

CAUTION: This report may perform much faster on SNW Enterprise, and sometimes it's faster 3 to 4 seconds on SNW Enterprise than on SNW Elite or SNW Pro (and sometimes there is no difference). 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 or at least be ready to click panic stop if you see the price moving.

If SE CPI (M/M) comes out at 0.0 or less (negative) ( -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. The median estimate is 0.2% and the average estimate is 0.20%. The highest estimate is 0.3% (two votes), then 0.2% (five votes), and finally 0.1% (two votes).

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 similarly so check with your broker to see which one is better to trade.

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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