Be very careful of upcoming volatility because of Canada Inflation Rate YoY news event later today. Based on the last 12 Inflation Rate YoY events in Canada, we expect a $60 movement on AUDUSD within 12 hours following the event release at 21 Aug 12:30. We expect this to happen if the released value is = 1.7%. A price movement of 6 pips is expected.
Historical events that allowed us to draw this conclusion
17 Jul 12:30 |
15 May 12:30 |
21 Sep 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
