Based on the last 12 Inflation Rate YoY events in Canada, we expect USDCAD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect USDCAD to trend downwards 4 hours following the event release at 2024-11-19 13:30 if the released value is < 1.9%. A price movement of 32 pips is expected. Historical events that allowed us to draw this conclusion
15 Oct 12:30 |
17 Sep 12:30 |
19 Mar 12:30 |
21 Nov 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
