CAD CPI and Retail Sales Jan 23 | Forex Factory

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CAD CPI and Retail Sales Jan 23

  • #1
  • First Post: Jan 23, 2007 7:04am Jan 23, 2007 7:04am
CAD CPI was CAD negative.

But right now, USDCAD reverted back to pre-release price perhaps anticipating a good CAD Retail Sales. After all its December's data were most countries encounter good Christmas sales.
  • #2
  • Jan 23, 2007 7:07am Jan 23, 2007 7:07am
Quoting BurgerKing
CAD CPI was CAD negative.

But right now, USDCAD reverted back to pre-release price perhaps anticipating a good CAD Retail Sales. After all its December's data were most countries encounter good Christmas sales.
well they are definetly expecting good numbers from - .7 to +9 is a huge diffrence , we shall see the actual tho. You know I think that the m/m may be more important than the core in this news release mih=ght be one of the very few that m/m is more used than core, what do u think Dan?
Ghost Swoopen in for my pips while no one is lookin !!
  • #3
  • Jan 23, 2007 7:24am Jan 23, 2007 7:24am
Could not say... Dont have much experience trading CAD news...

From the way I see it, CAD is loosing pips day by day... (USDCAD in uptrend).
Perhaps, traders prefer a bad CAD number like earlier otherwise, we may see a whipsaw
  • #4
  • Jan 23, 2007 7:34am Jan 23, 2007 7:34am
I hate trading CAD news as most of the time there is just enough of an impulse either way to take in your long or short straddle for a loss. I made + 2 pips on CAD CPI and luckily did not straddle the Retail Sales.
  • #5
  • Jan 23, 2007 7:34am Jan 23, 2007 7:34am
I've never had much luck either with the CAD, she's always taking more pips than I earn. However I was able to get +17 on the EUR/CAD in the 5 mins before the news, it really hasn't done much since the news came out.

CAD usually only does well for me when oil moves violently.
Therefore what??
  • #6
  • Jan 23, 2007 7:41am Jan 23, 2007 7:41am
some crazy price action we are getting here, CAD looks awkwardly strong in the face of missing expectations by a large gap.
Relax and be happy.
  • #7
  • Jan 23, 2007 7:42am Jan 23, 2007 7:42am
Quoting BurgerKing
we may see a whipsaw
and we did
Relax and be happy.
  • #8
  • Jan 23, 2007 7:42am Jan 23, 2007 7:42am
Interesting.
All the numbers were CAD negative but failed to short CAD this time!

Hmmm the data was for november instead of December as I thought it would be...
  • #9
  • Jan 23, 2007 7:50am Jan 23, 2007 7:50am
Quoting merlin
and we did
Months ago i trade CAD Retail Sales. Experienced a whipsaw and then it headed according to the data.

As I write, USDCAD is heading north - delayed reaction?
Or big money screwing us all over..

I reiterate, cad data were totally cad negative.. including the revised data.
  • #10
  • Jan 23, 2007 7:51am Jan 23, 2007 7:51am
yeah burger thats what im looking at too, CAD is staying pretty strong in the face of bad data on all fronts.
Relax and be happy.
  • #11
  • Jan 23, 2007 7:53am Jan 23, 2007 7:53am
Quoting BurgerKing
As I write, USDCAD is heading north - delayed reaction?
i dont know man, i dont like to disagree with the price action, and long position in USDCAD seems like disagreeing with the market.
Relax and be happy.
  • #12
  • Jan 23, 2007 8:02am Jan 23, 2007 8:02am
Looks like the new dollar negative sentiment is weighing on the pair.
Profit is where readiness meets Opportunity
  • #13
  • Jan 23, 2007 8:07am Jan 23, 2007 8:07am
what are u guys talking about it was negative cad news so thats why the usd/cad is going up thats what happens!!
Ghost Swoopen in for my pips while no one is lookin !!
  • #14
  • Jan 23, 2007 8:07am Jan 23, 2007 8:07am
USD negative sentiment,
CAD negative sentiment,

these two are not giving up on the tag o war!!!

darn, I already closed my usdcad long earlier for a few pip loss and with now's price, it would have been a winner. CRAP!

DARN! My first 2 weeks of january trades were winners... followed by crap loosers.
  • #15
  • Jan 23, 2007 8:26am Jan 23, 2007 8:26am
hits head for closing the position too early and at a loss..
  • #16
  • Jan 23, 2007 8:39am Jan 23, 2007 8:39am
Quoting BurgerKing
hits head for closing the position too early and at a loss..

You were right to get out of that position BK. It was data against a new emerging weak dollar sentiment. The only reason it came back is because the dollar is taking a breather and pulling back.
No worries. Capital preservation does not seem as glamourus as winning but it is just as important.
Profit is where readiness meets Opportunity
  • #17
  • Last Post: Jan 23, 2007 8:47am Jan 23, 2007 8:47am
Quoting FXopportunist
You were right to get out of that position BK. It was data against a new emerging weak dollar sentiment. The only reason it came back is because the dollar is taking a breather and pulling back.
No worries. Capital preservation does not seem as glamourus as winning but it is just as important.
Indeed... Money Management is the key to success...

Its indeed very easy to blame oneself when comparing one's decision against hindsight.

Nonetheless, Im still positive for this particular account that made many losses the past 2 weeks.
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