Based on the last 12 Inflation Rate YoY events in United Kingdom, we expect USDCAD to trend downwards later today. Based on these past events there is a 75% chance of this. We expect USDCAD to trend downwards 2 hours following the event release at 13 Nov 09:30 if the released value is = 1.6%. A price movement of 15 pips is expected.
Historical events that allowed us to draw this conclusion
17 Jul 08:30 |
19 Jun 08:30 |
19 Dec 09:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
