Let's talk about Friday.
1. Friday, December 19th, 2008 (7:00 a.m. New York Time) CANADAAt 7:00 a.m. we will have Canadian CPI. Do not trade the spike on this. Last month we had -0.2 deviation and a very confused price action and eventually the CAD actually gained some value. It is expected to come out at -0.1% If it comes out at -0.3% or lower, USD/CAD should eventually god down by 20 to 30 pips; if it comes out at +0.1% or higher, USD/CAD should eventually go up by 20 to 30 pips.That's all for today. Have a good weekend.
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