Based on past Canada Inflation Rate YoY news events there is a 66.67% chance of NQ trending downwards. We expect this to happen because the released value is = 1.7%. A price movement of 527 pips is expected.
Historical events that allowed us to draw this conclusion
18 Feb 13:30 |
20 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
