Based on past United Kingdom Inflation Rate YoY news events there is a 75% chance of USDCAD trending upwards. We expect this to happen if the released value is > 5.2%. A price movement of 19 pips is expected.
Historical events that allowed us to draw this conclusion
15 Dec 07:00 |
17 Nov 07:00 |
14 Jul 06:00 |
16 Jun 06:00 |
19 May 06:00 |
17 Feb 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
