Aymen Khriji
New member
Time (Europe): 2:30 PM CEST
Canada (CAD) – Inflation Data
- CPI m/m (prev 0.3%, forecast 0.0%)
- Median CPI y/y (prev 3.1%, forecast 3.1%)
- Trimmed CPI y/y (prev 3.0%, forecast 3.0%)
- Common CPI y/y (prev 2.6%, forecast 2.5%)
- Core CPI m/m (prev 0.1%)
- Inflation numbers are crucial for the Bank of Canada’s monetary policy.
- If CPI comes in hotter than expected, CAD pairs (e.g., USDCAD, EURCAD) could strengthen as markets price in a more hawkish BoC.
- If CPI is softer, we may see CAD weaken, especially against USD, since it reduces pressure on the BoC to tighten further.
United States (USD) – Retail Sales
- Core Retail Sales m/m (forecast 0.3%, prev 0.4%)
- Retail Sales m/m (forecast 0.5%, actual 0.2%)
- Retail sales are a direct gauge of consumer spending — a key driver of U.S. growth.
- Stronger numbers usually boost USD and push yields higher.
- Weaker numbers can weigh on USD and risk sentiment, potentially lifting safe havens like gold or JPY.
What to Expect in Markets
- USDCAD will likely be the most volatile pair, reacting to both Canadian CPI and U.S. Retail Sales simultaneously.
- CAD crosses (EURCAD, GBPCAD) → More volatility around CPI.
- USD pairs (EURUSD, GBPUSD, USDJPY) → More volatility around retail sales data.
- magic: 20200311 (unchanged)
- lots: 0 (risk-based sizing)
- risk: 0.5 – 1% max per trade (scalping = more trades, so keep risk small)
- max orders: 10–15 (scalpers can open multiple quick trades, but don’t max out at 20)
- TF: 1 min
- SL (stop loss): 80–120 points (tight stop, protects capital)
- TP (take profit): 100–150 points (quick exits, high win-rate approach)
- Trailing start: 50–70 (lock in profits early once price moves)
- Trailing step: 10–15 (small steps to follow micro-trends)
- Consecutive bullish / bearish: 2 (on 1M TF you don’t want to wait too long, market moves fast)
