The Fundamental FOREX Blog

Tomorrow, Thursday, 12-17-09 at 7:00 AM ET, 4 Canadian economic reports are scheduled to be released. These are:

CAD Core Consumer Price Index MoM
CAD Consumer Price Index YoY
CAD Bank Consumer Price Index Core MoM
CAD Bank Consumer Price Index Core YoY

The CAD – Core Consumer Price Index MoM and the CAD – Consumer Price Index MoM appear to have the greatest impact on the FOREX market.

All 4 reports are released by Statistics Canada

The last time these reports were released was on Wednesday, 11-18-09 at 7:00 AM ET.

I did a “follow up” post on Saturday, 11-21-09 – click here for a review.

Here is how things look for tomorrow:

CAD Core Consumer Price Index (MoM) Stats

previous = 0.1%

forecast = 0.2%

CAD Consumer Price Index (MoM) Stats

previous = -0.1%

forecast = 0.3%

The “forecast” for either of the Consumer Price Index reports shows that the economists are not in conflict about the Canadian economy.

Here is how I am set up for tomorrow:

CAD-5-00AM-12-17-09
Looking for a 0.3% difference
Actual > Forecast = Good for CAD
CAD Core Consumer Price Index (MoM)
.           actual        forecast              previous
.                                0.2%                0.1%
out at 0.5% or higher – SELL USD/CAD
out at -0.1% or lower- BUY USD/CAD

It really helps if both reports move in concert. Watch out for conflict.

I did post a “follow up” of this report soon after, click here to see what happened.

The next scheduled release of these reports is Wednesday, 01-20-10 at 7:00 AM ET.

I will probably post a “preview” a day or two prior.

Stay tuned!