Based on the last 12 Inflation Rate YoY events in Canada, we expect a $240 movement on NZDUSD within the next 2 hours. We expect NZDUSD to trend downwards for 2 hours because the released value is < 2.1% Historical events that allowed us to draw this conclusion
18 Sep 12:30 |
27 Feb 13:30 |
19 Oct 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
