We expect a $468 movement on USDCAD within the next 12 hours. We expect USDCAD to trend downwards 12 hours following the Inflation Rate YoY events in United States release because the released value is > 8.8%. A price movement of 61 pips is expected.
Historical events that allowed us to draw this conclusion
10 Jun 12:30 |
11 May 12:30 |
12 Apr 12:30 |
10 Feb 13:30 |
10 Nov 13:30 |
13 Oct 12:30 |
13 Jul 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
