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ReviewBrokers – News Trading 08:30 AM November 18, 2020 ( NY Time ) Canada Core CPI

18th November 2020   ·   0 Comments

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer excluding foos and energy, wom prices tend to be very volatile. It is a key way to measure changes in purchasing trends and inflation. The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.

Canada Core CPI
Canada Core CPI   –    08:30 PM NY time   (Wednesday, July 22)

Traded pair                 Previous   Forecast     Deviation
USDCAD                        -0.1 (%)            0.2 (%)                  ±0.3 (%)

Buy      USDCAD    if actual figure is or is below    –0.1 (%)
Sell      USDCAD     if actual figure is or is above    0.5 (%)

Expected move during first 20  minutes after the release is 20  pips or more.

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