UK CPI 2021-02-17 07:00 GMT
This data has not produced any good moves for some time, mainly due to Brexit negotiations. However now CPI may be a little more in focus!"
Recent History..
Dec 2020 before the Brexit deal was done, a -0.3 produced no move at all.
Jan 2021 after the Brexit deal, a +0.1 deviation did manage to get a small market reaction.
Trade Plan ..
I think that its worth trading with slippage control of 3 pips on GBPUSD, in the event of a +-0.3 deviation on CPI (YoY), as long as the other CPI lines don't conflict! If we trigger would hope to see at least 10 pips within the first 1 min
Thanks James
Recent History..
Dec 2020 before the Brexit deal was done, a -0.3 produced no move at all.
Jan 2021 after the Brexit deal, a +0.1 deviation did manage to get a small market reaction.
Trade Plan ..
I think that its worth trading with slippage control of 3 pips on GBPUSD, in the event of a +-0.3 deviation on CPI (YoY), as long as the other CPI lines don't conflict! If we trigger would hope to see at least 10 pips within the first 1 min
Thanks James
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Copyright © 2004-2021, MyPivots. All rights reserved.