Based on the last 12 Inflation Rate YoY events in Canada, we may expect NQ to trend upwards right now. Based on these past events there is a 75% chance of this. We made this conclusion because the released value is > 2.2%. A price movement of 576 pips may be experienced.
Historical events that allowed us to draw this conclusion
19 Nov 13:30 |
25 Jun 12:30 |
16 Apr 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
