We expect a $277 movement on USDCAD within the next 12 hours. We expect USDCAD to trend upwards 12 hours following the Inflation Rate YoY events in Canada release because the released value is > 2.6%. A price movement of 38 pips is expected.
Historical events that allowed us to draw this conclusion
16 Apr 12:30 |
19 Sep 12:30 |
15 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
