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We expect ZB to trend upwards right now.

Based on the last 12 Inflation Rate YoY events in Canada, we expect ZB to trend upwards right now. Based on these past events there is a 71.43% chance of this. We expect ZB to trend upwards for the next 48 hours because the released value is > 3.9%. A price movement of 154 pips is expected.

Historical events that allowed us to draw this conclusion

18 Aug 12:30
16 Jun 12:30
19 May 12:30
16 Dec 13:30
18 Nov 13:30

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

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