Based on the last 12 Inflation Rate YoY events in Canada, we expect 6C to trend downwards later today. Based on these past events there is a 71.43% chance of this. We expect 6C to trend downwards 4 hours following the event release at 15 Sep 12:30 if the released value is > 3.9%. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
18 Aug 12:30 |
19 May 12:30 |
17 Feb 13:30 |
16 Dec 13:30 |
21 Oct 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
