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We expect USDCAD to trend downwards today.

Based on the last 12 Inflation Rate YoY events in United Kingdom, we expect USDCAD to trend downwards later today. Based on these past events there is a 75% chance of this. We expect USDCAD to trend downwards 4 hours following the event release at 18 Sep 08:30 if the released value is = 1.9%. A price movement of 31 pips is expected.

Historical events that allowed us to draw this conclusion

19 Jun 08:30
16 Jan 09:30
19 Dec 09:30

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 upwards today.

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