It is the 15th of April, Tuesday afternoon, 2008 folks. I wanted to get a sense of the timing and bearings right so i had to stress the date and day of the month it was today. Honestly, it has been sometime since we really hit a home run with a solid tradeable indicator that would give us a nice fat payout. Unfortunately, whatever has been happening is over exxagerated or extremely flat moves with an already sensitive market that just about doesn’t provide any tradeable numbers. Well, lets not despair. As i have always said, it is better to have no opportunity than to lose your money. As always, i have mentioned, whenever we enter a trade, we will definitely be profitable. Unless of course you are overruled by your emotions. 
The last indicator we were watching was the NZD Consumer Price Index (CPI) q/q report. The agreed number was at 0.9% and we needed a deviation of about 0.3 to trigger any trade. However, it came out only slight positive, at 0.7%. There was a slight drop of about 10 odd pips but nothing more than that. This is officially a no trade.
Today, we will have the UK CPI y/y report coming out. The Consumer Price Index (CPI) measures the rate of inflation (i.e., the rate of price changes) experienced by consumers when purchasing goods and services. This report will be released at 0430 hrs, NY Time, 1630 hrs, SGT time.
The consensus on this indicator is expected at 2.6%. If there is a deviation of about 0.2%, i feel that you can enter a trade safely. Therefore, if the number comes out at 2.8%, it will be strengthening the cable and you can go long on gbp/usd. If it comes out at 2.4% and less, you can go short on GBP/USD.
Good luck for your trades,
Take care & God bless,
Seeni
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[…] last news report we were watching was on the UK CPI y/y report. The expected number on this was to be at 2.6% and the actual numbers came out at 2.5%. The 0.1% […]