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We expect EMD to trend downwards right now.

Based on the last 12 Inflation Rate YoY Prel events in France, we could see a $186825 movement on EMD within the next 48 hours. EMD could trend downwards for the next 48 hours because the released value is > 0.7%

Historical events that allowed us to draw this conclusion

31 Oct 07:45
30 Aug 06:45

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

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We expect USDCAD to trend upwards for the next 48 hours.

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