We expect ES to trend downwards later today. Based on these past Canada Inflation Rate YoY news events there is a 66.67% chance of this. We expect this to happen if the released value is < 1.8%. A price movement of 75 pips is expected. Historical events that allowed us to draw this conclusion
17 Dec 13:30 |
15 Oct 12:30 |
16 Jul 12:30 |
20 Feb 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
