CA CORE CPI

Forex News Trading Canada Core CPI 03/23/12

CPI is also known a Inflation and our focus will be on the
Core Inflation figure, also known as CPI excluding Food and
Energy, or CPI ex Volatile Items...

Here´s the forecast:
7:00am CA Core CPI m/m
Forecast 0.3% Previous 0.2%
ACTION: USDCAD BUY 0.0% / SELL 0.6

DEFINITION:“CPI, Consumer Price Index, is a statistical estimate of the movement of the prices of goods and services bought for consumption purposes by households. Its computation uses price data collected for a sample of goods and services from a sample of sales outlets in a sample of locations for a sample of times and estimates of the shares of the different expenditures in the total covered by the index which are usually based upon expenditure data obtained for sampled periods from a sample of households (Wikipedia).” It is also known as the “True Cost of Living”.


The Trade PlanThe Core CPI report will be released today and our deviation for this release, based on a historical track record, around 0.3%. Therefore, look for tradable figures of 0.0% or worse to BUY USD/CAD, or a +0.6% or better to SELL USD/CAD.


The MarketWith the tension in the Middle East and the rise in commodity prices, CAD is likely to remain heavy and well supported… however, because of the proximity with the US, we may not see much volatility in the USDCAD pair, but pairs such as CADJPY or EURCAD, we should expect further CAD strength.

Book : The Secret of Economic Indicators - Bernard Baumohl


Book : Market Indicators - Richard Sipley