We expect USDCAD to trend upwards for the next 48 hours. Based on these past United States Inflation Rate MoM news events there is a 75% chance of this. We expect this to happen because the released value is > 0.3%. A price movement of 115 pips is expected.
Historical events that allowed us to draw this conclusion
15 Jan 13:30 |
10 Oct 12:30 |
10 Apr 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
