The Fundamental FOREX Blog

Tomorrow, Wednesday, 01-20-10 at 7:00 AM ET, The CAD – Core Consumer Price Index MoM and the CAD – Consumer Price Index MoM will be released.

There will 3 other reports released. These are:

CAD Bank Canada Consumer Price Index Core (MoM)
CAD Bank Canada Consumer Price Index Core (YoY)
USD MBA Mortgage Applications

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

The 2 Consumer reports are released by Statistics Canada

The last time these reports were released was on Thursday, 12-17-09 at 7:00 AM ET.

I did a “follow up” post on Saturday, 12-26-09 – click here for a review.

Here is how things look for tomorrow:

CAD Core Consumer Price Index (MoM) Stats

previous = 0.4%

forecast = -0.2%

CAD Consumer Price Index (MoM) Stats

previous = 0.5%

forecast = -0.1%

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-01-20-10
Looking for a 0.3% difference
Actual > Forecast = Good for CAD
CAD Core Consumer Price Index (MoM)
——actual———-forecast———-previous
________________-0.2%________0.4%
out at 0.1% or higher – SELL USD/CAD
out at -0.5% or lower- BUY USD/CAD
Watch for 3 minute reversal
CAD CPI m/m     -0.1%            0.5%

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 Thursday, 02-18-10 at 7:00 AM ET.

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

Stay tuned!