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Thank you Mr CPI for these 100 pips of reaction

Thank you Mr CPI for these 100 pips of reaction

21.06.2018 on Thursday we had two signals in a row.

First, there was a surprise from the Bank of England rate voting for GBP: the market was expecting two members of MPC will vote for a rate hike, but the real number told us about three of them…

Event name Actual (Deviation) Prognosis

UK BOE MPC Vote Hike 3(+1) 2

Signal Buy 1 and GBPUSD up by 30 pips (100 pips in total that day).

Next, we had signal Sell 1 on Natural Gas Publication

US EIA Natural Gas Storage Change 91(+5) 86

But the main surprise was on Friday when the USDCAD grow higher by 100 points. The USDCAD has moved up sharply after the data misses in CPI and retail sales.  The expectations for a rate hike also came back down which is helping to weaken the loonie.

CA CPI [m/m]    0.1% (-0.2%)      0.3 % Buy 2

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