Based on past United States Inflation Rate YoY news events there is a 80% chance of USDCAD trending downwards. We expect this to happen if the released value is < 4.1%. A price movement of 104 pips is expected. Historical events that allowed us to draw this conclusion
12 Apr 12:30 |
13 Dec 13:30 |
10 Nov 13:30 |
10 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
