Baruch's Forex System Journal

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Quote from rax:

but gas is not in the cpi, is it?

but still the consumer, esp in the us is not happy about that, and you can spend your dollar only once...
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There are two CPI numbers - with and without foods and energy. The last one is called core CPI.
 
Quote from Baruch:

There are two CPI numbers - with and without foods and energy. The last one is called core CPI.
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But first - 9.00 GMT - we will have Euro-zone GDP. Consensus according to Forexnews 0.4% (also heard 0.5%).
 
Quote from Baruch:

But first - 9.00 GMT - we will have Euro-zone GDP. Consensus according to Forexnews 0.4% (also heard 0.5%).
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A little better than expected - 0.6% - but not much action.
 
Quote from Baruch:

The big issue today is US Consumer Price Index 12.30 GMT.

Last month it jumped to 0.5. I didn't worry the FED, but if it jumps two monts in a row? I think so - because that means inflation. And a rate hike very soon.

So a surprise in CPI could really move the markets! Consensus are 0.3, and 0.2 for CPI ex food and energy.

Later today - 13.50 GMT - we will also have Michigan Consumer Confidence. Consensus: 96.5. Prior: 94.2. Well, good job reports should mean better consumer confidence - or what?
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Jimmy Young has made som good eco news calls before.

Here is his strategy for CPI today:

If:

+ 0.5/ +0.4 Buy USD.
+ 0.1/ 0.0 Sell USD

Profit expectations: 50 pips.

More:

www.eurusdtrader.com
 
Market seems to wating for CPI - although we might still drop before that - EURO is determined to hang on with GBP leading the way down....

Unless the market is getting ready for a bounce - I just wish is would make up it mind and get it over with.
 
Baruch

i have grown rather fond of your journal.
would you mind if i posted some of my observations regarding the FX markets?

i figured that rather than starting a journal on the subject it is better to find a good journal and join it.
 
Quote from Guardian Angel:

Baruch

i have grown rather fond of your journal.
would you mind if i posted some of my observations regarding the FX markets?

i figured that rather than starting a journal on the subject it is better to find a good journal and join it.
More...

Hi Angel,

You are welcome. I am looking forward to read your observations.
 
Quote from Baruch:

Jimmy Young has made som good eco news calls before.

Here is his strategy for CPI today:

If:

+ 0.5/ +0.4 Buy USD.
+ 0.1/ 0.0 Sell USD

Profit expectations: 50 pips.

More:

www.eurusdtrader.com
More...

John Hary from Saxo Banks thinks CPI today COULD be a "launching pad" for at "dramastic turnaround" in dollar.

Yes, who knows? Inflation is not the same as growth.
 
Quote from Baruch:

John Hary from Saxo Banks thinks CPI today COULD be a "launching pad" for at "dramastic turnaround" in dollar.

Yes, who knows? Inflation is not the same as growth.
More...

Sorry: John Hardy
 
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