The Fundamental FOREX Blog

Tomorrow, Thursday, 02-18-10 at 7:00 AM ET, The CAD – Core Consumer Price Index MoM and the CAD – Consumer Price Index MoM will be released.

There will be 2 other reports released. These are:

CAD Bank Canada Consumer Price Index Core (MoM)
CAD Bank Canada 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.

The 2 Consumer reports are released by Statistics Canada.

The last time these reports were released was on Thursday, 01-20-10 at 7:00 AM ET.

I did a “follow up” post of last months reports on Wednesday, 01-27-10 , click here for a review.

Here is how things look for tomorrow:

CAD Core Consumer Price Index (MoM) Stats

previous = -0.3%

forecast = 0.1%

CAD Consumer Price Index (MoM) Stats

previous = -0.3%

forecast = 0.3%

The “forecast” for either of the Consumer Price Index reports shows that the economists are in favor of the Canadian economy going up.

Here is how I am set up for tomorrow:

CAD-5-00AM-02-18-10
Looking for a 0.3% difference
Actual > Forecast = Good for CAD
CAD Core Consumer Price Index (MoM)
——actual———-forecast———-previous
________________0.1%________-0.3%
out at 0.4% or higher – SELL USD/CAD
out at -0.4% or lower- BUY USD/CAD
CAD CPI m/m 0.3%             -0.3%
Watch for both reports to go in same direction
Watch for 3 minute reversal???

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, 03-18-10 at 6:00 AM ET.

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

Stay tuned!