Based on past United Kingdom Inflation Rate YoY news events there is a 75% chance of USDCAD trending downwards. We expect this to happen because the released value is < 2.6%. A price movement of 70 pips is expected. Historical events that allowed us to draw this conclusion
16 Oct 06:00 |
20 Mar 07:00 |
14 Feb 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
