We expect a $304 movement on USDCAD within the next 2 hours. We expect USDCAD to trend upwards 2 hours following the Inflation Rate YoY events in United Kingdom release because the released value is > 9.9%. A price movement of 39 pips is expected.
Historical events that allowed us to draw this conclusion
17 Aug 06:00 |
20 Jul 06:00 |
13 Apr 06:00 |
23 Mar 07:00 |
15 Dec 07:00 |
17 Nov 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
