We expect USDCAD to trend downwards for the next 48 hours. Based on these past United States Inflation Rate YoY news events there is a 75% chance of this. We expect this to happen because the released value is > 8.8%. A price movement of 181 pips is expected.
Historical events that allowed us to draw this conclusion
10 Jun 12:30 |
11 May 12:30 |
10 Feb 13:30 |
10 Nov 13:30 |
13 Jul 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
