October 19, 2012
News
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:
8:30am CA Core CPI m/m Forecast 0.4% Previous 0.3%
DEVIATION: 0.2% (BUY CAD 0.6% / SELL CAD 0.2%)
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 0.2%. Therefore, look for tradable figures of 0.2% or worse to SELL CAD, or a +0.6% or better to BUY CAD.
Recommended Pairs : USDCAD.
Resistances : Weekly 0.992 ; Daily 0.9885 ; Hourly 0.987
Supports : Weekly 0.9765 ; Daily 0.982 ; Hourly 0.9845
BOOKS
Getting Started in Forex Trading Strategies - Michael Duane Archer - EUR 13,94
LEFT Brain Trading - the right mindset and technique for success in Forex: 2012 revised edition - Olga Sheean - EUR 20,56
The Forex Millionaire:Escape 9- 5,Live Anywhere, And Join The New Rich -Buy Now: Shocking: Discover How A Secret Underground Group Rakes In Piles Of Forex Cash - Trader X - EUR 22,66
THE BEST OF MUSIC
The 2nd Law (CD + DVD) - Muse - EUR 14,48
Here´s the forecast:
8:30am CA Core CPI m/m Forecast 0.4% Previous 0.3%
DEVIATION: 0.2% (BUY CAD 0.6% / SELL CAD 0.2%)
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 0.2%. Therefore, look for tradable figures of 0.2% or worse to SELL CAD, or a +0.6% or better to BUY CAD.
Recommended Pairs : USDCAD.
Resistances : Weekly 0.992 ; Daily 0.9885 ; Hourly 0.987
Supports : Weekly 0.9765 ; Daily 0.982 ; Hourly 0.9845
BOOKS
Getting Started in Forex Trading Strategies - Michael Duane Archer - EUR 13,94
LEFT Brain Trading - the right mindset and technique for success in Forex: 2012 revised edition - Olga Sheean - EUR 20,56
The Forex Millionaire:Escape 9- 5,Live Anywhere, And Join The New Rich -Buy Now: Shocking: Discover How A Secret Underground Group Rakes In Piles Of Forex Cash - Trader X - EUR 22,66
THE BEST OF MUSIC
The 2nd Law (CD + DVD) - Muse - EUR 14,48
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