Based on the last 12 Inflation Rate YoY events in Canada, we expect 6A to trend downwards later today. Based on these past events there is a 71.43% chance of this. We expect 6A to trend downwards 48 hours following the event release at 21 Apr 12:30 if the released value is < 2.3%. A price movement of 1 pips is expected. Historical events that allowed us to draw this conclusion
20 Jan 13:30 |
16 Sep 12:30 |
19 Aug 12:30 |
20 May 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
