Canadian CPI (M/M)

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

Release Time: 08:30 New York time (EST)
Primary currency pair: USD/CAD
Forecast: 0.7
Prior: 0.7
LT1 (Lower Trigger 1): -0.2 [BUY]
UT1 (Upper Trigger 1): +0.1 [SELL]
Safety: 1

If the Canadian CPI (M/M) comes at 0.5% or less ( -0.2 trigger), USD/CAD should go up by about 30 pips. If it comes out at 0.8% or higher ( +0.1 trigger), USD/CAD should go down by about 30 pips.

Based on 18 estimates on CA CPI (M/M), the median estimate is 0.7% and the average estimate is 0.65%. The highest estimate is 0.8% (one estimate), then 0.7% (11 votes), then 0.6% (three votes), 0.5% (two votes), and then finally the lowest estimate is 0.4% (one estimate). One standard deviation is +/- 0.10, about the same as last month.

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 a more educated decision about your participation in this news event and the trade size you want to bet.

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