actually today, we are going to have a very important, hot
indicator. At 7:00 a.m. New York time we will have Canadian Core CPI m/m.
I don't want to give signals but based on my own experience, 0.1 deviation
can move market well but to play safe, 0.2 deviation should be good enough.
If the CPI comes out higher BY 0.2 (so expectations + 0.2) (or even higher),
USD/CAD and EUR/CAD should go down by around 40 to 50 pips for USD/CAD and
even more for EUR/CAD. If the CPI comes out lower by 0.2 (expectations - 0.2)
or even lower, USD/CAD and EUR/CAD should go up around 40 to 50 pips
or more.