We expect USDCAD to trend downwards for the next 12 hours. Based on these past Euro Area Inflation Rate YoY Flash news events there is a 66.67% chance of this. We expect this to happen because the released value is < 2.3%. A price movement of 51 pips is expected. Historical events that allowed us to draw this conclusion
01 Oct 09:00 |
03 Apr 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
