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We expect a $1393 movement on USDCAD within the next 48 hours.

We expect USDCAD to trend downwards for the next 48 hours. Based on these past United States Inflation Rate YoY news events there is a 75% chance of this. We expect this to happen because the released value is > 8.8%. A price movement of 181 pips is expected.

Historical events that allowed us to draw this conclusion

10 Jun 12:30
11 May 12:30
10 Feb 13:30
10 Nov 13:30
13 Jul 12:30

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

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We expect a $837 movement on HE within 48 hours following the release of Inflation Rate YoY.

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