Friday 2/23/2018 1148
Why was my TPs were jumped-over during today's Red News?
* 8:30am CAD CPI m/m 0.7% 0.4%-0.4%
Was it that the manually widening spreads from the Market Makers to not pay out short trades just like I had for a few days ?
Decision
Specs© forexintuitive
Sourcehttp://www.statcan.gc.ca/start-debut-eng.html (https://www.statcan.gc.ca/release-di...018-eng.htm#a7)
MeasuresChange in the price of goods and services bought by consumers;
Usual Effect'Actual' greater than 'Forecast' is very good for currency;
FrequencyReleased per month, approximately 20 days after the month ends;
Next ReleaseMar 23, 2018
forexintuitiveNotesThis is the most important inflation-related release due to its earliness and broad scope. This is one of the few non-seasonally adjusted amounts reported on the calendar, as it is the calculation most commonly reported;
Why Traders
CareConsumer prices account for a majority of total inflation. Inflation is significant to currency valuation because rising prices direct the central bank to raise interest rates out of respect for their inflation containment mandate;
Derived ViaThe average price of different services and goods are sampled and then compared to the previous sampling;
Also CalledAll Items CPI;
Acro ExpandConsumer Price Index (CPI);
Maybe, it is simply possible to trade PULL-BACKS after the initial impact of the Red News Spike even it is in our leadership as they will most likely be jumped, like trades in the end of the NY session on Fridays. They're jumped-over too many occasions and the reason many traders remain out of trading n Fridays. Beware !
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