Date: Tuesday 14th May 2019
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?
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.
Setting up procedure
Our market of choice: USD/SEK
SEK CPI MoM
1. SEK CPI YoY
As always, make sure you set the auto-click locations, and we advise hitting load on News Trader Pro 60 seconds before the scheduled release time. Good luck!