CPI Up

Stood aside this AM until after CPI news was released. When I learned that the core CPI number was stubbornly high, meaning the Fed is unlikely to lower interest rates, I bet the USD would rise and went long CAD and short both EUR and GBP.

Trade worked out with EUR and GBP picking up 21 pips and 15 pips respectively. Still watching CAD to see if it will follow JPY and CHF on the long side.