Based on the last 12 Inflation Rate YoY events in Canada, we expect LB to trend downwards. Based on these past events there is a 66.67% chance of this. We expect LB to trend downwards for 48 hours because the released value is < -0.1%. A price movement of 1,215 pips is expected. Historical events that allowed us to draw this conclusion
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
