Date | Tuesday 14th May 2019 |
Time | 07:30 |
SEK CPI MoM is released early in the European session. We trade the MoM figure and add CPI YoY to Conflict Manager.
We usually see a very strong move when this event deviates from the forecast. If a trade is triggered, we recommend trying to hold at least into the second minute. We like to see this event onside quickly.
What happened last time?
SEK CPI MoM – 19-04-11 | |
Time | 07:30 |
Forecast | 0.2 |
Actual | 0.2 |
Deviation | 0 |
One minute spike | 234 pips |
Last month the MoM component was in line, but the YoY beat (1.9% v. 1.8%). This is the reason for the spike lower.
How we setup
Main Event | SEK CPI MoM |
Market | USD/SEK |
Deviation | +/-0.1 |
Prior | 0.2 |
Forecast | 0.6 |
Triggers |
Buy <0.6 Sell >0.6 |
Conflict 1 | SEK CPI YoY |
Prior | 1.9 |
Forecast | 2.1 |
Triggers |
Buy <2.1 Sell >2.1 |