9.30PM – NEWS – CPI

This is the most important inflation-related release due to its earliness and broad scope. This is among the few non-seasonally adjusted numbers reported on the calendar, as it’s the calculation most commonly reported; Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;

TECHNICAL CHARTS

KEY TAKEAWAYS

  • We believe CAD pairs are all oversold
  • Tonight we believe the CPI data will be in favor of CAD
  • China – US trade war will continue to make CAD pairs volatile
  • Hong Kong unrest will continue to threaten the market and JPY focus
  • AUD & NZD is also on the way up

Trade cautiously with good money management. Learn to trade with a demo account Register to open a Practice Account

Article by: Ashok MBA – Strategic Financial Coach

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