Fx News Spike Signals by Crazy Cat, 2019/04/17

First of all, if you want to prepare yourself for this spike trade, it's best to visit our Forex economic calendar that provides historic charts for a wide range of currency pairs and selected other markets.

Release Time: 04:30 New York time (EST)
Primary currency pair: GBP/USD
Forecast: 2.0
Prior: 1.9
LT1 (Lower Trigger 1): -0.2 [SELL]
UT1 (Upper Trigger 1): +0.2 [BUY]
Safety: 1

Due to uncertainty about Brexit, be careful about trading British reports for now. The market surely is very focused on the Brexit outcome.

If it comes out at 1.8% or less, GBP/USD may go down by 20 pips or more. If it comes out at 2.2% or higher, GBP/USD may go up by 20 pips or more.

You may also try same triggers on GB CPI (M/M) or GB CPI - Core (Y/Y) because sometimes there might be a few milliseconds difference between them, plus if any of these deviate by +/- 0.2, it should be good enough to enter a trade.

Based on 39 estimates, the median estimate is 2.0% and the average estimate is 1.97%. The highest estimate is 2.2% (one vote), then 2.1% (one estimate), then 2.0% (25 votes), then 1.9% (8 votes), and finally 1.8% (four estimates). One standard deviation is +/- 0.08, the same as last month.

If you have never traded the news before, please read Ten Steps To Success Using Secret News Weapon.

Forex news history and charts

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