We expect USDCAD to trend upwards later today. Based on these past Italy Inflation Rate YoY Prel news events there is a 66.67% chance of this. We expect this to happen if the released value is = 1.9%. A price movement of 26 pips is expected.
Historical events that allowed us to draw this conclusion
28 Feb 10:00 |
29 Nov 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
