Based on the last 12 Inflation Rate YoY events in Canada, we expect CL to trend downwards. Based on these past events there is a 66.67% chance of this. We expect CL to trend downwards for 48 hours because the released value is > 3.4%. A price movement of 80 pips is expected.
Historical events that allowed us to draw this conclusion
16 Jun 12:30 |
19 May 12:30 |
17 Feb 13:30 |
18 Nov 13:30 |
21 Oct 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
