Based on the last 12 PPI Input YoY events in United Kingdom, we expect USDCAD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect USDCAD to trend upwards 48 hours following the event release at 18 Sep 08:30 if the released value is < -0.5%. A price movement of 65 pips is expected. Historical events that allowed us to draw this conclusion
22 May 08:30 |
17 Apr 08:30 |
20 Mar 09:30 |
13 Feb 09:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
