Based on the last 12 Inflation Rate YoY events in United Kingdom, USDCAD could experience an upwards trend. Based on these past events there is a 75% chance of this, and the trend could last 48 hours because the released value is > 2.8%.
Historical events that allowed us to draw this conclusion
20 Nov 07:00 |
17 Jul 06:00 |
22 May 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
