Based on the last 12 Inflation Rate YoY events in Canada, we expect BR to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect BR to trend downwards 48 hours following the event release at 22 Jan 13:30 if the released value is < 2.2%. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion
18 Sep 12:30 |
27 Feb 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
