We expect CRD to trend upwards for the next 48 hours. Based on these past Canada Inflation Rate YoY news events there is a 75% chance of this. We expect this to happen because the released value is < 0%. A price movement of 291 pips is expected. Historical events that allowed us to draw this conclusion
20 May 12:30 |
22 Apr 12:30 |
16 Oct 12:30 |
18 Sep 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
