Based on the last 12 Inflation Rate YoY Prel events in Germany, we expect a 30 pip movement on USDCAD within 4 hours following the event release at 01 Mar 13:00 UTC. We expect USDCAD to trend upwards 4 hours following the event release at 01 Mar 13:00 UTC if the released value is = 5.1%
Historical events that allowed us to draw this conclusion
29 Jun 12:00 |
30 Mar 12:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
