Based on past Canada Inflation Rate YoY news events there is a 83.33% chance of PA trending upwards. We expect this to happen if the released value is = 2.1%. A price movement of 11,100 pips is expected.
Historical events that allowed us to draw this conclusion
22 Jan 13:30 |
20 Nov 13:30 |
17 Jul 12:30 |
15 May 12:30 |
17 Apr 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
