We expect 6S to trend downwards for the next 4 hours. Based on these past Canada Inflation Rate YoY news events there is a 75% chance of this. We expect this to happen because the released value is > 4.3%. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
15 Sep 12:30 |
18 Aug 12:30 |
16 Jun 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”).
