Based on the last 12 Inflation Rate YoY events in Canada, we expect ES to trend upwards later today. Based on these past events there is a 75% chance of this. We expect ES to trend upwards 48 hours following the event release at 20 Nov 13:30 if the released value is < 1.9%. A price movement of 1,587 pips is expected. Historical events that allowed us to draw this conclusion
16 Oct 12:30 |
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”).
