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 $225.414 movement on USDCAD within 12 hours following the event release at 10 Oct 12:30. We expect this to happen if the released value is = 2.4%. A price movement of 30 pips is expected.
Historical events that allowed us to draw this conclusion
10 May 12:30 |
11 Jan 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
