Fri, 21 Sep 2012 06:24:41 +0000

Forex Trade 21 Sep, Bank Canada Consumer Price Index Core

today we have some news...

1:35 CNY: MNI September Flash Business Sentiment Indicator

3:00 NZD: Credit Card Spending

7:00 CHF: Money Supply M3

8:30 GBP: Public Sector Net Borrowing

8:30 GBP: Public Finances

8:30 GBP: PSNB ex Interventions

12:30 CAD: Bank Canada Consumer Price Index Core
The key gauge for inflation in Canada . Simply put, inflation reflects a decline in the purchasing power of the Canadian Dollar, meaning each Dollar buys fewer goods and services. CPI is the most obvious way to measure changes in purchasing power - the report tracks changes in the price of a basket of goods and services that a typical Canadian household might purchase. An increase in the index indicates that it takes more Dollars to purchase this same set of basic consumer items. CPI Excluding Core Eight The Consumer Price Index excluding eight items which the Bank of Canada has deemed to have the most volatility from month to month. The goods omitted tend to fluctuate idiosyncratically and may distort CPI data. The headline figure for CPI is the percentage change in the index on a month to month and year to year basis.
12:30 CAD: Consumer Price Index
The Consumer Price Index is one of the leading economic gauges to measure the pace of inflation. Simply put, CPI measures the acceleration of price in a fixed basket of goods and services. Higher CPI indicates that prices of the basket as a whole have increased and as such, it costs more of the local currency to buy the same basket of goods. CPI is also broken down to a core level which strips out the volatile components of the index, which usually include food and energy, but this various by country. Usually, central banks pay far greater importance to the core numbers than the headline numbers. Excessive inflation will induce a central bank to consider raising interest rates while falling inflation would give them the flexibility to lower interest rates.
12:30 CAD: Core CPI

12:30 CAD: Wholesale Sales

14:00 USD: American Petroleum Institute Monthly Report

16:40 USD: Fed's Lockhart Speaks on Policy and Economy in Atlanta

And some trades:

Posted Image USD/CHF - US Dollar / Swiss Franc
Entry: 0.9315
Stop: 0.9335
Resistances: 0.94 - 0.935 - 0.9335
Supports: 0.924 - 0.9255 - 0.9305

Posted Image USD/CAD - US Dollar / Canadian Dollar
Entry: 0.9735
Stop: 0.975
Resistances: 0.9815 - 0.978 - 0.976
Supports: 0.969 - 0.9705 - 0.9725

Posted Image EUR/USD - Euro / US Dollar
Resistances: 1.3115 - 1.3075 - 1.3
Supports: 1.2885 - 1.292 - 1.2965

Posted Image USD/JPY - US Dollar / Yen
Resistances: 79.2 - 78.85 - 78.35
Supports: 77.35 - 77.7 - 78.05

Posted Image GBP/USD - British Pound / US Dollar
Resistances: 1.635 - 1.63 - 1.627
Supports: 1.6165 - 1.6185 - 1.621