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We expect USDCAD to trend downwards with a 75% chance.

Based on the last 12 Inflation Rate YoY Prel events in Italy, we may expect USDCAD to trend downwards right now. Based on these past events there is a 75% chance of this. We made this conclusion because the released value is < 1.4%. A price movement of 61 pips may be experienced. Historical events that allowed us to draw this conclusion

01 Mar 10:00
01 Feb 10:00
05 Jan 10:00
30 Nov 10:00
31 Jul 09:00
31 Mar 09:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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