Today we had US CPI which was expected at .2% and came out at .2% so this was a not trade. I have received the question why did it move up like that. This is my take on it. Yesterday we had PPI come out weaker than expected by quite a bit which started the dollar weakness. There were other sources that reported a consensus of .3 for the CPI which would make the .2 release lower than expected which further escalated the weakness. The entire move can not be attributed to the CPI alone however it was fuel to the fire. As I said this was a no trade however I did have some individual report that they entered using Trade The News audible service and made money. I say good for you. If this is the first time you are receiving my trade call be sure and visit the how to trade my calls page for important information on how to use the information below. www.forexmastermaker.com/signals.htm
Tomorrow we have UK retail sales expected at .2%. After looking over the study for this release I believe a safe trigger is .3% deviation. A higher than expected number will signal a buy on the GBP/USD and a lower than expected number will signal a sell on the GBP/USD. So if the release comes out .5% or higher I will go long and -.1 or lower I will go short. If you have a little more risk appetite than you may decide to use .2% as your deviation trigger but I wouldn’t go lower than that. This will be released at 4:30am eastern and is not accompanied by any thing else. Good Luck now go make some money.
