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There is a 75% chance of USDCAD trending upwards

Based on past United Kingdom Inflation Rate YoY news events there is a 75% chance of USDCAD trending upwards. We expect this to happen if the released value is > 5.2%. A price movement of 19 pips is expected.

Historical events that allowed us to draw this conclusion

15 Dec 07:00
17 Nov 07:00
14 Jul 06:00
16 Jun 06:00
19 May 06:00
17 Feb 07:00

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

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