Based on the last 12 Inflation Rate YoY events in Canada, we may expect EURUSD to trend upwards right now. Based on these past events there is a 71.43% chance of this. We made this conclusion because because the released value is > 6.1%. A price movement of 22 pips may be experienced.
Historical events that allowed us to draw this conclusion
16 Mar 12:30 |
16 Feb 13:30 |
20 Oct 12:30 |
18 Aug 12:30 |
19 May 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
