We expect NE to trend downwards later today. Based on these past Canada Inflation Rate YoY news events there is a 83.33% chance of this. We expect this to happen if the released value is < 1.3%. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion
16 Sep 12:30 |
19 Aug 12:30 |
17 Jun 12:30 |
20 May 12:30 |
22 Apr 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
