Based on the last 12 Inflation Rate YoY events in Canada, we expect a 1416 pip movement on HE within 48 hours following the event release at 2022-12-21 13:30. We expect HE to trend downwards 48 hours following the event release at 2022-12-21 13:30 if the released value is > 6.7%
Historical events that allowed us to draw this conclusion
19 Oct 12:30 |
22 Jun 12:30 |
20 Apr 12:30 |
16 Feb 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
