We expect a $230 movement on USDCAD within the next 4 hours. We expect USDCAD to trend downwards 4 hours following the Inflation Rate YoY Flash events in Euro Area release because the released value is > 1.9%. A price movement of 32 pips is expected.
Historical events that allowed us to draw this conclusion
02 May 09:00 |
03 Mar 10:00 |
03 Feb 10:00 |
31 Oct 10:00 |
31 Jul 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
