Based on past United Kingdom Inflation Rate YoY news events there is a 75% chance of USDCAD trending downwards. We expect this to happen if the released value is < 2.9%. A price movement of 70 pips is expected. Historical events that allowed us to draw this conclusion
15 Jan 07:00 |
16 Oct 06:00 |
20 Mar 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
