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There is a 83.33% chance of PA trending upwards

Based on past Canada Inflation Rate YoY news events there is a 83.33% chance of PA trending upwards. We expect this to happen if the released value is = 2.1%. A price movement of 11,100 pips is expected.

Historical events that allowed us to draw this conclusion

22 Jan 13:30
20 Nov 13:30
17 Jul 12:30
15 May 12:30
17 Apr 12:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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