For each major statistical, ProfesseurForex.com publishes a special article aimed at helping you to practice trading news. We remind you that you can see the results of real-time statistics at the time of their publication on our economic calendar.
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Event : CPI US August
Consensus forecasts, the preceding numbers and impact usual
The consensus expects the CPI core 0.2% year-on-monthly vs. 0.1% previously. In fact, for a trader this publication we will focus on the number core, which exclude the volatile materials of the energy and the power.
Usually, to observe a significant impact on USD, it is necessary that the publication deviates from the consensus of 0.2%.
On which currency pairs a trader this event ?
*Tip in the case of CPI core top at 0.4% : Sell NZD/USD
*Tip in the case of CPI core less than 0.0% : Sell USD/JPY
Why these currency pairs ?
Our experience in the trading of news and the statistical indicators that we use internally based on historical studies of volatility help us to identify the currency pairs most sensitive to the trading of news as a function of the different possible cases and the time period. It remains possible to trade the event on all the pairs related to USD.
Warning on the trading of news on the Forex
Attention, trading news is for traders warned ! Indeed, the consecutive movements to news are often violent, and the technical phenomena of retracement complicate the positioning.