Based on the last 12 Inflation Rate YoY events in Canada, we may expect S to trend upwards right now. Based on these past events there is a 75% chance of this. We made this conclusion because because the released value is > 3.8%. A price movement of 3050 pips may be experienced.
Historical events that allowed us to draw this conclusion
15 Aug 12:30 |
21 Dec 13:30 |
19 Oct 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
