We expect a $214.064 movement on USDCAD within the next 4 hours.

We expect a $214.064 movement on USDCAD within the next 4 hours. We expect USDCAD to trend upwards 4 hours following the Inflation Rate YoY events in United Kingdom release because the released value is > 6.7%. A price movement of 27 pips is expected.

Historical events that allowed us to draw this conclusion

23 Mar 07:00

15 Dec 07:00

17 Nov 07:00

14 Jul 06:00

16 Jun 06:00

19 May 06:00

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