Based on the last 12 PPI Input YoY events in United Kingdom, we expect a 31 pip movement on USDCAD within 4 hours following the event release at 16 Oct 08:30 UTC. We expect USDCAD to trend downwards 4 hours following the event release at 16 Oct 08:30 UTC if the released value is > -1.8%
Historical events that allowed us to draw this conclusion
19 Jun 08:30 |
16 Jan 09:30 |
19 Dec 09:30 |
14 Nov 09:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
