We expect PL to trend downwards later today. Based on these past Canada Inflation Rate YoY news events there is a 83.33% chance of this. We expect this to happen if the released value is = 2.3%. A price movement of 350 pips is expected.
Historical events that allowed us to draw this conclusion
15 May 12:30 |
17 Apr 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
