Based on the last 12 Inflation Rate YoY Flash events in Euro Area, we could see a 61 pip movement on USDCAD for the next 12 hours. USDCAD could trend downwards for 12 hours because the released value is = 2.5%
Historical events that allowed us to draw this conclusion
01 Feb 10:00 |
31 Jul 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
