Analysis of trading on Erste News

During the week of August 19-23 trading on Erste News was on the following publications:

August 21, on the publication of consumer inflation in Canada, which showed an unexpected increase in consumer inflation in Canada on a monthly basis. At the same time, the general dynamics of the market remained restrained, which made it possible to fix profits over a long period of time.

The profit potential on the news ranged from 200 to 350 points.

Fig. 1. USD/CAD chart 1

On August 23, trading on Erste News was held on retail sales data in Canada, which also exceeded market expectations and supported the Canadian dollar. But due to the persistence of high volatility in the market, this news worked in different directions, showing first the growth of the Canadian dollar, and then its roll back, but retaining the potential for earning.

The profit potential on the news ranged from 100 to 200 points.

Fig. 2. USD/CAD chart 2

Hanzenko Anton