Based on the last 12 Inflation Rate YoY events in United Kingdom, USDCAD could trend upwards later today. Based on these past events there is a 70% chance of this. If the released value is > 9.1% we could see USDCAD trend upwards 4 hours following the event release at 18 May 06:00.
Historical events that allowed us to draw this conclusion
13 Apr 06:00 |
23 Mar 07:00 |
15 Dec 07:00 |
17 Nov 07:00 |
14 Jul 06:00 |
16 Jun 06:00 |
19 May 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
