Based on the last 12 Inflation Rate YoY Prel events in DE, we expect USDCAD to trend up for the next 2 hours. Based on these past events there is a 75.0% of this.
This will happen because the released value is > 1.6%
Historical events that allowed us to draw this conclusion
28 Feb 13:00 |
30 Oct 13:00 |
30 May 12:00 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
