We expect USDCAD to trend upwards later today. Based on these past Canada Inflation Rate YoY news events there is a 75% chance of this. We expect this to happen if the released value is = 2%. A price movement of 22 pips is expected.
Historical events that allowed us to draw this conclusion
17 Jul 12:30 |
17 Apr 12:30 |
21 Sep 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
