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Past performance is not a guarantee of future results. Please remember that technical analysis is only a tool for trading and even targeted analysis is no guarantee of profits. Forex trading carries a substantial risk of loss and only discretionary capital should be used in trading.

Forex Trading News: CAD Core CPI and CPI Released

Posted by Mr. Danish FX on Wed, 07/23/2008 - 6:03am in

The Core CPI comes out at 0.1% from the previous 0.3%.  This was forecast for a small drop to 0.2%. 

The CPI comes out at 0.7%.  This was forecast for a rise to 0.5%.

The CAD made gains initially off this data only to reverse very shortly after.  The CAD is trading back at almost the exact levels before the CPI data.