We expect ZB to trend upwards for the next 48 hours. Based on these past Canada Inflation Rate YoY news events there is a 80% chance of this. We expect this to happen because the released value is < 0.5%. A price movement of 143 pips is expected. Historical events that allowed us to draw this conclusion
17 Jun 12:30 |
20 May 12:30 |
18 Sep 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
