We expect USDCAD to trend upwards for the next 4 hours. Based on these past France Inflation Rate YoY Prel news events there is a 80% chance of this. We expect this to happen because the released value is > 2.7%. A price movement of 30 pips is expected.
Historical events that allowed us to draw this conclusion
31 Jan 07:45 |
31 Aug 06:45 |
28 Apr 06:45 |
31 Mar 06:45 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
