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We expect S to trend upwards today with a 80% chance.

We expect a $8557 movement on S within 4 hours following the release of Inflation Rate YoY at 2024-11-21 23:30. We expect S to trend upwards 4 hours following the event release at 2024-11-21 23:30 if the released value is = 2.2%. A price movement of 35 pips is expected.

Historical events that allowed us to draw this conclusion

19 Sep 23:30
18 Jul 23:30
18 Apr 23:30
18 Jan 23:30

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 downwards today with a 75% chance.

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