Based on the last 12 Inflation Rate YoY events in United Kingdom, we expect USDCAD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect USDCAD to trend upwards 12 hours following the event release at 2024-12-18 07:00 if the released value is > 2.6%. A price movement of 37 pips is expected.
Historical events that allowed us to draw this conclusion
20 Nov 07:00 |
17 Jul 06:00 |
22 May 06:00 |
17 Jan 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
