As Canadian price growth is expected to pick up in
May, we may see the USDCAD continue to come off of trendline resistance,
and the wedge/triangle formation may continue to take shape in the
second-half of the year as the BoC retains a neutral stance for monetary
policy. However, should the inflation report disappoint, we may see the
upward trending channel from earlier this year foster a bullish
breakout in the exchange rate, and the pair may continue to track higher
over the coming months amid the deviation in the policy outlook.
2013-06-21 12:30 GMT | [CAD - Core CPI] - actual (it will be released at 12:30 GMT time or 14:30 MQ time) > forecast (0.3%) is good for CAD; actual was 0.2% according to latest release
2013-06-21 12:30 GMT | [CAD - Core Retail Sales] - actual (it will be released at 12:30 GMT time or 14:30 MQ time) > forecast (0.0%) is good for CAD; actual was -0.3% according to latest release
And please, do not forget that we will have
2013-06-19 16:40 GMT | [CAD - Bank of Canada Governor Speaks]
and
Forum
Market Condition Evaluation based on standard indicators in Metatrader 5
newdigital, 2013.06.19 08:21
Just to remind that we will have Federal Funds Rate at 18:00 GMT time (or at 20:00 metaquotes demo server time).And please, do not forget that we will have
2013-06-19 16:40 GMT | [CAD - Bank of Canada Governor Speaks]
and
That's started - 3 minutes before BOC speaks -
MetaTrader Trading Platform Screenshots
USDCAD, M1, 2013.06.19
MetaQuotes Software Corp., MetaTrader 5, Demo
that's starting
Just about GMT time and broker's (your metatrader') time - you can use this indicator from MT5 CodeBase: Clock
Just an example how it looks on the chart:
MetaTrader Trading Platform Screenshots
USDCAD, M1, 2013.06.19
MetaQuotes Software Corp., MetaTrader 5, Demo
clock
Forum
Market Condition Evaluation based on standard indicators in Metatrader 5
newdigital, 2013.06.19 08:21
Just to remind that we will have Federal Funds Rate at 18:00 GMT time (or at 20:00 metaquotes demo server time).Federal Funds Rate now for USDCAD with + 50 pips (4 digit pips) :
MetaTrader Trading Platform Screenshots
USDCAD, M1, 2013.06.19
MetaQuotes Software Corp., MetaTrader 5, Demo
usdcad m1
Forum
Press review
newdigital, 2013.06.21 10:45
We are going to have 2 news events today for CAD :
2013-06-21 12:30 GMT | [CAD - Core CPI] - actual (it will be released at 12:30 GMT time or 14:30 MQ time) > forecast (0.3%) is good for CAD
2013-06-21 12:30 GMT | [CAD - Core Retail Sales] - actual (it will be released at 12:30 GMT time or 14:30 MQ time) > forecast (0.0%) is good for CAD
============
So, just read this small article about Trading the Canada Consumer Price Report :
As Canadian price growth is expected to pick up in May, we may see the USDCAD continue to come off of trendline resistance, and the wedge/triangle formation may continue to take shape in the second-half of the year as the BoC retains a neutral stance for monetary policy. However, should the inflation report disappoint, we may see the upward trending channel from earlier this year foster a bullish breakout in the exchange rate, and the pair may continue to track higher over the coming months amid the deviation in the policy outlook.
MetaTrader Trading Platform Screenshots
USDCAD, H4, 2013.06.21
MetaQuotes Software Corp., MetaTrader 5, Demo
usdcad h4 cpi
CAD - Core CPI - 85 pips in profit (4 digit pips) :
MetaTrader Trading Platform Screenshots
USDCAD, M1, 2013.06.21
MetaQuotes Software Corp., MetaTrader 5, Demo
85 pips
2013-06-21 12:30 GMT | [CAD - Core CPI] - actual (it will be released at 12:30 GMT time or 14:30 MQ time) > forecast (0.3%) is good for CAD; actual was 0.2% according to latest release
2013-06-21 12:30 GMT | [CAD - Core Retail Sales] - actual (it will be released at 12:30 GMT time or 14:30 MQ time) > forecast (0.0%) is good for CAD; actual was -0.3% according to latest release