Based on the last 12 Inflation Rate YoY events in Canada, we expect a 144 pip movement on GF within 4 hours following the event release at 28 Jul 12:30 UTC. We expect GF to trend upwards 4 hours following the event release at 28 Jul 12:30 UTC if the released value is > 3.2%
Historical events that allowed us to draw this conclusion
16 Jun 12:30 |
19 May 12:30 |
16 Dec 13:30 |
21 Oct 12:30 |
22 Jul 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
