Be very careful of upcoming volatility because of United States Core Inflation Rate YoY news event later today. Based on the last 12 Core Inflation Rate YoY events in United States, we expect a $356.368 movement on USDCAD within 4 hours following the event release at 12 Sep 12:30. We expect this to happen if the released value is > 2.3%. A price movement of 47 pips is expected.
Historical events that allowed us to draw this conclusion
13 Aug 12:30 |
13 Feb 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
