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We expect PL to trend downwards today with a 83.33% chance.

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”).

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